Sigma Additive Solutions, a provider of quality assurance software, has announced the rebranding of the company as “NextTrip, Inc.”. The new corporate name reflects the transition of the Company following its acquisition of NextTrip Holdings, Inc., a travel technology company based in Sunrise, Florida.
Prior to its acquisition of NextTrip Holdings, Inc. (“NextTrip) in December 2023, Sigma was acknowledged for its expertise in-process quality assurance (IPQA™) solutions for the Additive Manufacturing industry. It specialized in the development and commercialization of real-time monitoring and analytics known as PrintRite3D® for 3D metal and polymer advanced manufacturing technologies.
The acquisition of Nextrip therefore marks the end of this journey for Sigma Additive Solutions.
As of today, in conjunction with the change, the Company’s common stock will begin trading on the Nasdaq Capital Market (NASDAQ) under the new ticker symbol “NTRP”, effective at the open of market. All stock trading, filings and market-related information will be reported under the new stock symbol going forward. No action is required from Sigma’s stockholders and the CUSIP number for the Company’s common stock will remain unchanged. The Company has also changed its corporate web address to www.nexttrip.com.
Bill Kerby, Chief Executive Officer of the Company, commented, “With the sale of all the legacy assets related to additive quality assurance and the close of the acquisition in December providing a clean structure, our business has fully transitioned to NextTrip. Accordingly, we will begin operating as NextTrip, including our corporate name and ticker symbol. We are now completely focused on our travel and travel media operations, giving legacy shareholders the opportunity to benefit from future growth.
“We are positioning NextTrip as an innovative player in the travel industry, leveraging over 200 direct relationships with blue-chip travel organizations, as well as major industry suppliers for air, hotel and other travel and travel-related services to ensure robust products and an offering of more than 2 million hotels worldwide. We are just weeks away from the full re-activation and roll-out of our travel booking platform, and the ramp up of marketing to our database of over six million customers. We are excited for the launch of our platform as we continue to see positive momentum for the travel industry, with historic high records of travelers expected to book hotels, flights and curated vacations in 2024. We will also be launching an end-to-end content ecosystem that uses AI assisted travel planning while capturing advertising, building brand awareness, rewarding loyalty and driving bookings. This mix of owned and operated channels includes our own Travel Magazine platform housing a unique FAST TV (Free Ad-supported Streaming TV) model – Compass.TV. The environment is designed to translate content into commerce, supported by some of the top influencers in the travel vlog world. We look forward to the launch and announcing some of our business milestones in the weeks and months ahead, as we work to build long-term value for all our shareholders,” concluded Kerby.
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