- SGLB
names software industry executive Mark K. Ruport as new CEO, president
- Ruport
to focus on accelerating commercial adoption with strategic partners,
amplifying Sigma Lab’s recent success
- Ruport
uniquely qualified to oversee Sigma Labs during promising period of growth
Sigma Labs Inc. (NASDAQ: SGLB), a provider of in-process,
quality-assurance software to the commercial 3D-metal-printing industry, has
announced the appointment of Mark K. Ruport as CEO and president. In December,
Ruport, a software industry executive with three decades of experience, was
appointed SGLB’s executive chairman and a member of the company’s board of
directors. This announcement completes the management transition process for
the company (http://ibn.fm/oNSOj).
In his new assignment, Ruport will leverage his experience
with public and private software companies to lead Sigma Labs through a period
of significant growth and success. “The ability to have an immediate, tangible
impact on Sigma Labs with the apparent adoption of its incredible technology in
the marketplace is a unique and exciting opportunity,” Ruport said in a news
release announcing his December appointment. “My focus will be on accelerating
our commercial adoption with strategic partners and amplifying the recent
success John [Rice] and his team have achieved. This blueprint is something I
am very familiar with given my experience with disruptive companies in the
software sector, and I look forward to working with the entire team at Sigma
Labs to drive forward its strategic initiatives.”
Before joining the SGLB team, Ruport served as executive
chairman of Content Analyst Company, a developer of advanced analytics software
for searching and analyzing unstructured text; he played a key role in the
company’s acquisition in 2017. Previously, he was president and CEO of
Configuresoft, a venture-backed enterprise systems management company
where he oversaw an OEM contract that later led to the acquisition of the
company by EMC. Ruport has also served as chairman and CEO of Optika, a
venture-backed enterprise-content-management company. In that position, he grew
Optika from a start-up through an Initial Public Offering and a successful
merge with Stellent Inc., which was subsequently acquired by Oracle.
This invaluable history of building companies through
strategic relationships, joint development agreements, and innovative sales
strategies makes Ruport uniquely qualified to oversee Sigma Labs during this
promising period of growth.
“As evidenced by the recent progress with OEMs, end users
and Additive Manufacturing integrators, our business is now at an inflection
point that requires an industry veteran to amplify our success and accelerate
our market penetration alongside strategic partners with a keen interest in our
technology,” added John Rice, who previously served as Sigma’s CEO and
president (http://ibn.fm/2b7YT).
“Mr. Ruport’s long history of taking companies through various stages of growth
will be invaluable as we enter the next phase of our growth cycle. We believe
there is significant potential for shareholder value creation and look forward
to unlocking this for our shareholders under Mark’s leadership.” Rice will
continue in his role as nonexecutive chairman of the Board of Directors of
Sigma Labs.
Sigma Labs is a leading provider of quality assurance
software to the commercial 3D metal printing industry under the PrintRite3D
brand. Sigma specializes in the development and commercialization of real-time
monitoring solutions known as PrintRite3D(R) for 3D metal advanced
manufacturing technologies. PrintRite3D(R) detects and classifies defects and
anomalies real-time during the manufacturing process and informs the production
manager of quality issues. Sigma Labs’ software product is a major catalyst for
the acceleration and adoption of 3D metal printing.
For more information about Sigma Labs, 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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