Sigma Labs Added to the Russell Microcap Index

Rhea-AI Summary

Sigma Labs (NASDAQ:SGLB) announced its inclusion in the Russell Microcap Index effective June 28, 2021, which could enhance visibility and access for institutional investors. This annual reconstitution allows members to be part of relevant growth and value style indexes. President and CEO Mark K. Ruport noted that the inclusion aligns with the company’s goals, supported by a strong balance sheet and an expanding customer base in the 3D metal printing market. Sigma Labs aims to leverage its IPQA® software to drive growth in additive manufacturing.

Positive

• Inclusion in the Russell Microcap Index may improve institutional investor visibility.
• Stronger balance sheet supports potential growth.
• Growing customer base in the 3D metal printing market.

Negative

• None.

SANTA FE, NM / ACCESSWIRE / June 28, 2021 / Sigma Labs, Inc. (NASDAQ:SGLB) ("Sigma Labs"), a leading developer of quality assurance software for the commercial 3D metal printing industry, has been added to the Russell Microcap® Index effective at the open of trading today, marking the annual Russell U.S. Indexes reconstitution.

Membership in the Russell Microcap® Index means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell annually determines membership for its indexes primarily by objective, market capitalization rankings, and style attributes.

"The inclusion of Sigma Labs to the Russell Microcap Index will enable greater access and visibility to institutional investors and investment managers," said Mark K. Ruport, President and CEO of Sigma Labs. "We are moving forward on multiple fronts on our internal roadmap with a strengthened balance sheet, a growing customer base, and a robust outlook for the 3D metal printing market. Our team's hard work and dedication have brought us to this point, and I believe we are well-positioned to continue building momentum and drive value as the market accelerates."

Russell US Indexes are widely used by investment managers and institutional investors as the basis for index funds and as benchmarks for active investment strategies. Approximately $9 trillion in assets are benchmarked against Russell US Indexes. Russell US Indexes are part of FTSE Russell, a leading global index provider. For more information on the Russell US Indexes reconstitution, go to the "Russell Reconstitution" section on the FTSE Russell website.

About Sigma Labs

Sigma Labs Inc. is a leading provider of in-process quality assurance (IPQA®) software to the additive manufacturing industry. Sigma Labs specializes in the development and commercialization of real-time monitoring solutions known as PrintRite3D® for 3D metal advanced manufacturing technologies. PrintRite3D detects and classifies defects and anomalies 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, please visit www.sigmalabsinc.com.

Contacts:

Investor Contact:
Chris Tyson
Executive Vice President
MZ Group - MZ North America
949-491-8235
SGLB@mzgroup.us
www.mzgroup.us

Company Contact:

Steven Gersten
Sigma Internal IR
813-334-9745
investors@sigmalabsinc.com

SOURCE: Sigma Labs, Inc.

View source version on accesswire.com:
https://www.accesswire.com/653321/Sigma-Labs-Added-to-the-Russell-Microcap-Index

FAQ

What is the significance of Sigma Labs being added to the Russell Microcap Index?

Being added to the Russell Microcap Index enhances visibility and access to institutional investors, which may improve stock performance.

When did Sigma Labs join the Russell Microcap Index?

Sigma Labs joined the Russell Microcap Index effective June 28, 2021.

How might the Russell Microcap Index inclusion impact Sigma Labs stock?

Inclusion in the Russell Microcap Index could attract more institutional investment, potentially leading to increased stock demand and price.

What is Sigma Labs known for?

Sigma Labs is known for developing quality assurance software, particularly its PrintRite3D® technology for 3D metal printing.

Who is the CEO of Sigma Labs?

Mark K. Ruport is the President and CEO of Sigma Labs.