Chris Witty - Investor Relations Mark Cola - President and CEO

Good morning and welcome to the Sigma Labs Second Quarter Fiscal 2016 Earnings Conference Call. All participants will be in a listen-only mode [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Chris Witty. Please go ahead, sir.

Good day, ladies and gentlemen and welcome to the Sigma Labs’ second quarter conference call. Following management's prepared remarks, we'll hold a Q&A session. With me today is Mark Cola, the company's President and CEO. I would now like to provide a brief Safe Harbor statement, which is also shown on slide 2 of our second quarter presentation, which is being webcast. This conference call may include forward-looking statements that represent the company's expectations and beliefs concerning future events that involve risks and uncertainties and may cause the company's actual performance to be materially different from the performance indicated or implied by such statements. All statements other than statements of historical facts included in this conference call are forward-looking statements. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the company's expectations are disclosed in this conference call and in the company's Annual Report and Form 10-K for the fiscal year ended December 31, 2015. All subsequent written and oral forward-looking statements attributable to the company or persons acting on its behalf are expressly qualified in their entirety by the cautionary statements. Unless otherwise required by law, the company undertakes no obligation to publicly update or revise any forward-looking statements whether as a result of new information, future events or otherwise after the date of this conference call. Please now turn to slide 3 of the presentation. And I would like to turn the call over to CEO, Mark Cola. Mark?

Thank you, Chris. Good morning, ladies and gentlemen and thank you all for joining us this morning. I’d like to walk through a few prepared slides, give you some of the recent highlights, business outlook and financial update and outlook going forward. And then I'll open it up, so we can have a Q&A session. So with that in mind, as Chris mentioned, if you've got the slide deck in front of you, if you’d turn to slide 3. I’d like to review some of the recent highlights that we've had during the second quarter. Starting off first with the revenue picture, it declined for us year-over-year and again, this was primarily due to some delayed timing issues with some contract awards and revenue recognition, but yet year-to-date, overall, the revenue was up about 18% for the company. So we’re pleased with that. I also wanted to make note of here that we’re very pleased to announce that aerospace and defense leader, Woodward has joined our early adopter program and we’re scheduling to install their first PrintRite3D system along with their new 3D metal printer from EOS in the month of September, and this is up at their Air Turbines division up in Zeeland, Michigan, outside of Grand Rapids. So we’re very pleased to have Woodward, it's a great opportunity for us and they’re excited to begin to build their quality infrastructure around our PrintRite3D technology. Also, this quarter, I wanted to make mention of the fact that we have, Murray Williams has joined us as the CFO for the company. We’re excited to have Murray on board, he brings lots of exponential knowledge and experience over a few decades in the financial and entrepreneurial arena. Murray has served on several public and private companies and was a founder of…

All right. Well, thank you. I appreciate again your support and as we continue to make progress with the commercialization of our PrintRite technology and growth in our contract AM side of the business, and if there is no other questions, I think I’d like to say thank you and we’ll talk again at the next quarterly call. Thank you very much, ladies and gentlemen, and have a great day.

This concludes today's presentation. You may now disconnect the lines.