Stock Alert: Sigma Labs Soars 65% After Receiving Contract From Mitsubishi

(RTTNews) - Shares of Sigma Labs, Inc. (SGLB) surged over 65% on Tuesday morning after the company it received a contract from Mitsubishi Heavy Industries.

SGLB is currently trading at $4.155, up $1.665 or 66.87%, on the Nasdaq.

Sigma Labs, a developer of quality assurance software for the commercial 3D printing industry, said it received a contract from Mitsubishi Heavy Industries to implement PrintRite3D in-process quality assurance software.

The PrintRite3D system will be installed on a laser powder bed fusion system for the development and qualification of MHI additive manufacturing production processes.

Financial details of the contract were not disclosed.