Sigma Labs (NASDAQ: SGLB), a leading developer of quality assurance software for the commercial 3D metal printing industry, has appointed Jacob Brunsberg as its new CEO, effective April 1, 2022. Brunsberg has been serving as the company president and COO. SGLB’s previous CEO, Mark Ruport, has been named of chair of Sigma Labs board of directors; he is replacing John Rice, who will continue to serve as a director. Brunsberg has been with Sigma Labs since last year, serving as senior vice president before being promoted to president and chief operating officer; in those roles, he managed product direction, strategic relationships, sales, marketing and engineering. The company noted that Brunsberg is an accomplished additive manufacturing (“AM”) executive with a track record of strengthening the company’s in-process quality assurance product development and commercialization programs. “We are privileged that Jacob has accepted the position of CEO, bringing a deep understanding of the additive manufacturing industry and an impressive track record of achievements since joining the Company,” said Sigma Labs chair Mark Ruport in the press release. “He has been instrumental in transitioning our business model to enable distribution scale for a software-only solution through a flexible OEM model with subscription-based pricing, which will lower the barrier of entry for customers with multiprinter factories. This change is gaining momentum with customers and makes Jacob the ideal person to guide our continued transition and execute our plan. . . . It has been an honor to serve as CEO of Sigma Labs, and I want to offer my sincere thanks to our employees whose hard work and dedication have allowed us to achieve so much. I look forward to leading the board of directors and focusing on maintaining and building on our tier-1 customer relationships. I am confident Jacob is the executive best suited to guide our company into the future, and I look forward to working closely with him to ensure a smooth transition and to our continued success.”

To view the full press release, visit https://ibn.fm/iCNBx

About Sigma Labs Inc.

Sigma Labs is a leading provider of in-process quality assurance, or IPQA(R) (“IPQA”) software, to the additive manufacturing industry. Sigma Labs specializes in the development and commercialization of real-time monitoring solutions known as PrintRite3D(R) for 3D metal and polymer advanced manufacturing technologies. PrintRite3D detects and classifies defects and anomalies in real time during the manufacturing process, enabling significant cost savings and production efficiencies. Sigma Labs believes its software product will be a major catalyst for the acceleration and adoption of 3D metal printing. For more information about the company, please visit www.SigmaLabsInc.com

NOTE TO INVESTORS: The latest news and updates relating to SGLB are available in the company’s newsroom at http://ibn.fm/SGLB

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