Sigma Labs, Inc. (OTCMKTS:SGLB) Ends the Year on a Positive Note

After going through a bit of turbulence in late December, Sigma Labs, Inc. (OTCMKTS:SGLB) ended 2013 with a green session, closing nearly 9% up, despite a quiet trading day. Sigma moved its second lowest volume for the past month, at 1.7 million shares changing hands.

Sigma dipped as low as $0.13 per share intra-day just a few sessions earlier, scaring a few investors and touching a spot 50% below its late November high but it recovered within the same session. Another double-digit dip from Dec. 30 was mostly made up for by the last session for 2013.

SGLB came up with a new press release just after Christmas day. In essence, the announcement informed investors that the company furnished another two PrintRite QA systems to a ‘leading aerospace company’, for testing in the new year. Estimations for the test run revenues are set at $975 thousand over 2014.

With Honeywell Aerospace already testing Sigma’s units, this new press release sparked speculation that the unnamed major company picking up PrintRite for testing may well be Boeing Aerospace. While this is a very feasible scenario, this is unconfirmed information. Still, SGLB is making steps towards commercialization and is branching out its product to major potential future customers. Should the tests yield desirable results, things could heat up considerably in the new year.

Still, traders are being reasonably cautious and are not rushing in despite the optimistic Dec. 26 announcement. The following few months will hopefully bring a lot more clarity into the commercialization timeline of PrintRite. The new test run announced in late December will take some time and the outcome will likely be announced no earlier than Q2 of this year, so traders who believe in Sigma may need to hold their horses a while longer.