Sigma Labs awarded contract for munitions development
Sigma Labs announced today that it was previously awarded a contract from the US Army's Armament Research, Development and Engineering Center (ARDEC) an agency with over $1,000,000,000 in annual revenue. To enhance this contract, Sigma Labs, Inc. has teamed with one of the largest ordnance manufacturers in the United States and expects this contract to generate up to $135,000 in revenues.
Mark Cola, President of Sigma Labs, Inc., states, "The close working relationship we have with our teaming partner will enable more rapid deployment of this technology to the defense market and greater participation in current and future weapons programs of record."
Richard Mah, CEO of Sigma Labs Inc., stated, "We believe that our patent-pending technology will allow weapons to carry twice as much energetic material for every pound of weapon delivered, or to pack the same explosive punch in a much smaller weapon. It will also enable a new class of 21st Century munitions for precision delivery."
Source: Sigma Labs
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