Sigma Additive Solutions Retains Lake Street Capital Markets to Explore Strategic Alternatives to Enhance Shareholder Value

Rhea-AI Summary

Sigma Additive Solutions (NASDAQ:SASI) has engaged Lake Street Capital Markets to explore strategic alternatives aimed at enhancing shareholder value. The options include potential investments, acquisitions, mergers, or similar transactions. However, the company has not committed to any specific course of action or timeline for completion. Sigma specializes in in-process quality assurance solutions for the 3D printing industry, with its PrintRite3D technology aimed at reducing waste and improving production efficiency. Forward-looking statements in the press release highlight uncertainties around market conditions and Sigma's capital needs.

Positive

• Engaged Lake Street Capital Markets to explore strategic alternatives.
• Potential for shareholder value enhancement through strategic actions such as investments or acquisitions.
• Specializes in quality assurance solutions for the growing 3D printing industry.

Negative

• No assurance that the strategic exploration will lead to any transaction.
• Uncertainty regarding the company's ability to meet capital needs and manage financial condition.

SANTA FE, N.M.--(BUSINESS WIRE)-- Sigma Additive Solutions, Inc. (NASDAQ:SASI) ("Sigma," "we," "our," or the "Company"), a leading developer of quality assurance software to the commercial 3D printing industry, today announced that it has retained Lake Street Capital Markets as its financial advisor in connection with the Company's consideration of a range of strategic alternatives designed to enhance shareholder value, including a possible strategic investment, acquisition, merger, business combination, or similar transaction.

There can be no assurance that this process will result in the Company pursuing a transaction or that any transaction, if pursued, will be completed. The Company has not set a timetable for completion of this process and does not intend to comment further unless or until the Board of Directors has approved a definitive course of action, the process has concluded, or it is determined that other disclosure is appropriate.

About Sigma Additive Solutions

Sigma Additive Solutions, Inc. is a leading provider of in-process quality assurance (IPQA™) solutions to the additive manufacturing industry. Sigma specializes in the development and commercialization of real-time monitoring and analytics known as PrintRite3D® for 3D metal and polymer advanced manufacturing technologies. PrintRite3D detects and classifies defects and anomalies real-time during the manufacturing process, enabling significant cost-savings and production efficiencies by reducing waste, increasing yield, and shortening cycle times. Sigma believes its software solutions will be a major catalyst for the acceleration and adoption of industrial 3D printing. For more information, please visit www.sigmaadditive.com.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Statements preceded by, followed by or that otherwise include the words "believe," "anticipate," "estimate," "expect," "intend," "plan," "project," "prospects," "outlook," and similar words or expressions, or future or conditional verbs such as "will," "should," "would," "may," and "could" are generally forward-looking in nature and not historical facts. These forward-looking statements involve known and unknown risks, uncertainties and other factors. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are risks relating to, among other things, general financial market and economic conditions, Sigma’s business and financial condition, Sigma’s ability to satisfy its capital needs through increasing its revenue and obtaining additional financing, and general industry or political conditions in the United States or internationally. Sigma disclaims any intention to, and undertakes no obligation to, revise any forward-looking statements, whether as a result of new information, a future event, or otherwise. For additional risks and uncertainties that could impact Sigma’s forward-looking statements, please see disclosures contained in Sigma's public filings with the SEC, including the "Risk Factors" in Sigma's Annual Report on Form 10-K, and which may be viewed at www.sec.gov.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230301005428/en/

Sigma Additive Solutions Contact

Chris Tyson

Executive Vice President

MZ Group - MZ North America

949-491-8235

SASI@mzgroup.us

www.mzgroup.us

Source: Sigma Additive Solutions, Inc.

FAQ

What strategic alternatives is Sigma Additive Solutions considering?

Sigma Additive Solutions is considering options such as a strategic investment, acquisition, merger, or business combination.

Who is advising Sigma Additive Solutions on its strategic alternatives?

Lake Street Capital Markets has been retained as the financial advisor for Sigma Additive Solutions.

Does Sigma Additive Solutions have a timeline for its strategic process?

No, Sigma Additive Solutions has not set a timetable for the completion of its strategic exploration.

What is the focus of Sigma Additive Solutions' technology?

Sigma specializes in in-process quality assurance solutions for the additive manufacturing industry, particularly with its PrintRite3D technology.

What are the potential risks mentioned in Sigma Additive Solutions' press release?

The press release indicates risks related to general market conditions and the company's ability to satisfy its capital needs.