SHARE

Sigma Labs Inc (OTCMKTS:SGLB) illuminated after securing a significant contract. The company engaged in the development of In-Process Quality Assurance software said that it has struck a deal with Honeywell.

Sale of PrintRite3D systems

As per the contract, Honeywell will acquire the company’s PrintRite3D system. Under the terms of the agreement, Sigma Labs Inc (OTCMKTS:SGLB) will also deliver and install its PrintRite3D Inspect software, which will comprise one license along with a year of maintenance.

The software will help Honeywell to test the same at its development facility, located in Phoenix. Additionally, the purchase contract also consists of Sigma Labs Inc (OTCMKTS:SGLB) ‘s DEFORM Software, which will be delivered on completion. Sigma Labs Inc (OTCMKTS:SGLB) did not specify or disclosed the financial terms of the contract. It only added that the contract is a separate agreement from its existing contract related to the America Makes research project.

Efforts are in line with the commitment

While reporting the development, Sigma Labs Inc (OTCMKTS:SGLB)’s President and CE, Mark Cola commented that the company is excited to share the contract details, which is its first commercial sale of PrintRide3D to Honeywell. Also, the contract will launch the company’s new DEFORM software too. \

Cola said that the efforts are in line with the company’s commitment made during the earnings call. He added that Sigma Labs Inc (OTCMKTS:SGLB) is actively engaged in marketing its software solutions and is also pitching its new metal 3D printing capabilities. He reassured investors that the year 2015 will mark a year of success for the company and will expand the company’s top line growth.

Following the release of the news, the stock of Sigma Labs Inc (OTCMKTS:SGLB) spiked higher by 8.50% to $0.115. The average trade volume of the shares stood at 2.11 million during the last trading day.

SHARE
Previous articleKollagenX Corp (OTCMKTS:KGNX) Will Display Its New Range At Premier Day Spa Event In Florida
Next articleFederal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Federal Home Loan Mortgage Corp (OTCBB:FMCC) Are Exposed To Risk
Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.

LEAVE A REPLY