SANTA FE, NM, June 6, 2017 – Sigma Labs, Inc., a provider of quality assurance software under the PrintRite3D brand, today announced that the Company has entered into agreements with two additional, non-exclusive sales agents in the Asia Pacific region, driven by strong customer interest in the region for PrintRite3D. One such agent, Enervision Inc., will target the high growth expectations in the South Korean AM market, driven by the Korean government’s announcement in April 2017 of a $37 million investment to accelerate the development of 3D printing across the country. The nation’s Ministry of Science, ICT and Future Planning will spend much of the budget on various 3D printing businesses to strengthen South Korea’s competitiveness and ability to meet demand.1 Sigma Labs’ other new sales agent, Beijing Yida Sifang Technology Co., Ltd, a leading metal AM reseller with multiple offices in China, will assist Sigma Labs with its expansion into the China AM market. The Company will pay the sales agents a commission tied to revenue generated by the Company through customers identified by the sales agents.
The addition of two new agents in the Asia-Pacific region follows Sigma Labs’ April 2016 announcement of an agreement with Creatz3D Pte Ltd to be the non-exclusive sales and service agent for Sigma Labs in Singapore, Indonesia and Vietnam. Sigma Labs is exploring additional opportunities to engage agents throughout Asia-Pacific region.
“We are pleased to progress in expanding our footprint in the Asia-Pacific region with two new sales agents in connection with our PrintRite3D technology as a result of anticipated interest by new regional customers for PrintRite3D. The growth of AM is international in scope and we are pleased to position Sigma Labs to capitalize on this growth with two new prominent agents,” said Mark Cola, President and CEO of Sigma Labs.
About Enervision Inc.
Enervision Inc. is a private company dedicated to the distribution of 3D printing and additive manufacturing solutions in Korea. Enervision provides its services in many sectors, including, but not limited to, aerospace, automotive, medical, and industrial products. Enervision provides comprehensive customer support together with machine software and training courses.
About Beijing Yida Sifang Information Technology Co., Ltd.
Beijing Yida Sifang Information Technology Co., Ltd. (“Beijing Yida”), is a leading provider of 3D product design to 3D printing (3D CAD to 3DP) innovative solutions. Since its inception in 2004, Beijing Yida has provided R&D innovation ecosystems to enterprises, helping customers to meet the challenges of market competition complexity, innovate and create new opportunities to help customers maintain a competitive advantage.
About Sigma Labs, Inc.
Sigma Labs, Inc. is a provider of quality assurance software under the PrintRite3D brand and a developer of advanced, in-process, non-destructive quality assurance software for commercial firms worldwide seeking productive solutions for advanced manufacturing. For more information please visit us at www.sigmalabsinc.com.