- Sigma Labs Inc.’s PrintRite 3D quality-assurance software well-positioned to disrupt evolving 3D printing industry
- Company recently announced appointment of highly respected software veteran, Mark K. Ruport, as executive chairman
- Ruport intends to leverage company’s market momentum, accelerate growth, and increase shareholder value
Software companies can prove to be exceptionally lucrative and rewarding when they provide critical solutions to complex problems. Sigma Labs Inc. (NASDAQ: SGLB) is in just such an enviable position. The company is the recognized pioneer in the development and commercialization of real-time, computer-aided inspection solutions for the 3D metal printing industry. The 3D printing industry is poised for explosive growth but has been hampered by the costly sub-par quality yields and complex processes of post-production inspection of 3D printed parts. These parts must meet stringent specifications for use in demanding environments such as aerospace and currently can only be inspected after production using CT scans and other time consuming, costly techniques. SGLB’s innovative technology has disruptive potential in the evolving 3D printing industry.
Sigma Lab’s patented PrintRite 3D quality-assurance software resolves the problem of costly inspection by enabling nondestructive, in-process quality control elements. Unlike anything else on the market, the company’s latest PrintRite3D software integrates inspection, feedback, data collection, and critical analysis into a unified platform. For the first time in the industry, Sigma Lab’s PrintRite 3D allows errors to be corrected in real time in process, leading to reduced costs and increased manufacturing yields.
Sigma Labs’ PrintRite3D has been third party validated for efficacy, and the company has already engaged 19 beta customers with many of the biggest players in the industry. Two of these programs, after realizing the technology’s benefits during the beta stage, have awarded Sigma Labs Phase 2 contracts for its rapid test and evaluation program, the last step before full commercial orders.
To turbocharge these efforts, Sigma Labs recently announced the appointment of the highly respected software veteran, Mark K. Ruport, to the post of executive chairman. Mr. Ruport brings a stellar resume of building companies through strategic relationships, joint development agreements, innovative sales strategies and a focused management of day-to-day operations. Teaming with CEO and board member John Rice, he intends to leverage the company’s market momentum, accelerate its growth and increase shareholder value.
With over 30 years of public and private company experience in the software sector, Mr. Ruport has a wealth of experience in driving value while guiding software companies to success. He played an instrumental role in multiple transactions that have delivered enormous shareholder value.
Prior to joining Sigma Labs, Mr. Ruport served as Executive Chairman of Content Analyst Company, a leading developer of advanced analytics software until its acquisition by its largest customer in 2017. Previously, he served as president and CEO of Configuresoft, a venture-backed Enterprise Systems Management company where Mr. Ruport orchestrated an OEM contract that later led to the acquisition of the company by EMC. Prior to Configuresoft, Mr. Ruport served as Chairman and CEO of Optika, a venture-backed Enterprise Content Management Company that he led from a start-up of 30 employees through an Initial Public Offering, international growth and a successful transaction to merge with Stellent, Inc., which was subsequently acquired by Oracle. Mr. Ruport was also CEO of Interleaf, a public software company and held senior executive positions at Informix (later acquired by IBM) and Cullinet (later acquired by CA, Inc.).
With so many lucrative, successful transactions under his belt, there should be little doubt about Mr. Ruport’s intentions. An industry heavy weight, his appointment to lead Sigma labs should be indicative of where the company is headed. Sigma Labs’ ability to attract reputable industry talent like Ruport is especially noteworthy to investors.
“The ability to have an immediate, tangible impact on Sigma Labs with the apparent adoption of its incredible technology in the marketplace is a unique and exciting opportunity,” Ruport said in a news release (http://nnw.fm/BY4pN). “My focus will be on accelerating our commercial adoption with strategic partners and amplifying the recent success John and his team have achieved. This blueprint is something I am very familiar with given my experience with disruptive companies in the software sector and I look forward to working with the entire team at Sigma Labs to drive forward its strategic initiatives.”
Ruport’s reputation for value driving and securing lucrative transactions bodes well for SGLB’s increasing presence in the 3D printing industry; the company’s “incredible technology” offers lucrative potential for current shareholders.
For more information, visit the company’s website at www.SigmaLabsInc.com
NOTE TO INVESTORS: The latest news and updates relating to SGLB are available in the company’s newsroom at http://nnw.fm/SGLB
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)
For more information please visit https://www.NetworkNewsWire.
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
[email protected]
NetworkNewsWire is part of the InvestorBrandNetwork.
