On February 16, 2022, the Board of Directors of Sigma Labs, Inc. promoted Jacob Brunsberg to serve as President and Chief Operating Officer of the Company. Prior to the promotion, Mr. Brunsberg served since September 20, 2021 as Senior Vice President Product Marketing and Strategic Relationships of the Company pursuant to an at-will employment letter agreement effective as of September 20, 2021. Mr. Brunsberg will perform such duties as are customarily performed by individuals acting as President and Chief Operating Officer of a public company of a similar size as the Company and such other such duties as may be assigned to him from time to time by the Chief Executive Officer or the Board.

Prior to joining the Company in September 2021, Mr. Brunsberg, 35, served from 2019 to September 2021 as Product Line Leader and Acting General Manager – Binder Jet Technology (Munich, Germany), of General Electric.