Sigma Labs Inc (OTCMKTS:SGLB) a developer of In-Process Quality Assurance™ software for additive manufacturing announced that it is now a Silver member of the America Makes group. Mark Cola, the CEO said that he is very delighted to announce that the company is now officially joins America Makes.

The significance

It is a matter of great significance for Sigma to become a part of ‘National Additive Manufacturing Innovation Institute.’ It is located in Youngstown, Ohio. There are a network of several companies, non-profit organizations, government agencies and academic institutions concentrated on helping grow the United States capabilities in additive manufacturing. In fact, the institute is the nation’s pioneering and collaborative associate in AM and 3D printing technology research, creation, discovery, and innovation. Formed as a public-private firm, America Makes is working collectively to innovate and promote AM and 3DP to enhance the country’s global manufacturing competitiveness.

The expert speaks

The Chief Executive of Sigma Labs further stated that having worked with the leading institute members for years, it was suitable to take this initiative to further expand the company’s presence in the 3D printing segment. The company continues to associate with leading organizations and companies in the field. Given the recent recognition and the growing awareness of proprietary product PrintRite3D®, joining NAMII will boost broader demonstration of the company’s unique capabilities.

The other details

Sigma Labs Inc (OTCMKTS:SGLB) previously stated that it was awarded an important America Makes research project for IPQA®, with the goal of achieving high-volume AM fabrication of aerospace parts. The Company was granted its first contract under this award, earlier in 2015. It also anticipates additional contracts from Aerojet Rocketdyne and Honeywell Aerospace. In last trading session, the stock price of Sigma Labs dropped 16.34% to close the trading session at $0.0996. The decline came on share volume of 2.88 million compared to average volume of 2.11 million.