Sigma Labs Inc. (NASDAQ: SGLB) Appoints New CEO, President; Ruport Brings 30 Years of Experience to Position
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://nnw.fm/p488B).
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://nnw.fm/cw2KJ). “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://nnw.fm/SGLB
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