Sigma Labs, Inc., a provider of quality assurance software under the PrintRite3D® brand, has recently entered into a long term non-exclusive commercial agreement with a European provider of cutting-edge products for additive manufacturing (“AM”) to join Sigma Labs’ previously-announced OEM Partner Program.
Under the multi-year agreement – anticipated to be worth up to USD 6M over its duration – this undisclosed OEM will embed and resell Sigma’s PrintRite3D® software within its AM equipment. Additional terms were not disclosed.
“We are excited to have such a highly-regarded company, which cannot be named due to competitive reasons, be an OEM partner going forward,” said Mark Cola, President and CEO of Sigma Labs. “Building strategic relationships with equipment OEMs has always been a key element of Sigma Labs’ growth strategy – enabling our software to be embedded in AM machines as a salient feature from the very beginning. As part of this agreement, our partner will be able to provide the full power of Sigma Labs’ PrintRite3D® capabilities to its customers, ensuring they can maximize the benefits of In-Process Quality Assurance™ (IPQA®) during additive manufacturing – which should increase production yields, process reliability, and part quality. The agreement is an important milestone for Sigma Labs as we build alliances to better serve the burgeoning AM industry and bolster our long-term growth trajectory.”