- Sigma
Labs is revolutionizing the 3D metal printing process by reducing and in
certain cases eliminating the need for costly and wasteful post-production
inspections
- PrintRite3D
software is first and only system that enables real-time, in-process
detection of manufacturing irregularities for critical metal parts, provides
real-time quality assurance using advanced visualizations to fix process
and part irregularities.
- Sigma
Labs’ IP portfolio covers advanced in process quality metric (IPQM)
algorithmic techniques for the additive manufacturing laser powder bed
quality control industry
- Company
targets a growing multibillion-dollar global total addressable market
- Negotiating
for lucrative machine OEM partnerships to advance “closed loop” technology
roadmap
- Tier-1
OEM enterprises and end-users such as Airbus, Baker Hughes, Pratt &
Whitney and others are currently evaluating PrintRite3D® for production
lines.
- Sigma
Labs technology team has developed an inclusive machine technology
platform for all machine species that is capable for Single, Dual and Quad
Laser machines on multiple OEM platforms.
Sigma
Labs Inc. (NASDAQ: SGLB), a developer of latest-generation, non-destructive
quality inspection systems for metal-based additive manufacturing and other
advanced manufacturing technologies, is set to revolutionize 3D metal printing
by eliminating the need for costly post-production inspections and ensuring
quality control during the manufacturing process.
3D metal manufacturing or additive manufacturing
utilizes lasers to sculpt parts by welding powdered metals into 3D objects.
Quality of these parts can vary from machine to machine in a production line
and even from part to part in a single production run. Conventional quality
assurance methods rely on statistically based post-process inspection methods,
which are not effective in improving and certifying 3D metal printer-made
parts.
Sigma Labs’ flagship product, PrintRite3D(R),
real-time-Computer-Aided Inspection (CAI), has the potential to solve the major
problem that has kept large-scale 3D printing of metal parts from achieving
cost efficient production runs. PrintRite3D’s patented and third party
validated quality assurance software ensures certification and compliance with
the hyper critical standards mandated in multiple precision dependent
industries like aerospace, defense and biomedical. Sigma Labs’ PrintRite 3D
reduces cost, time, waste and weight and allows manufacturers to economically
scale up production.
Leading a Revolution in 3D Printing
Sigma Labs is about to radically alter the way critical
components are created in the 3D metal printing industry. Heralded as the
fourth industrial revolution in manufacturing, 3D printing must move beyond
traditional quality control techniques to “in process” quality assurance to
fully commercialize. To reduce quality control costs and enhance production
speed, it’s necessary to inspect and certify 3D parts while they are being
made, not after the fact.
Sigma Labs is already gaining traction with major industry
players. In Q3 2019, the company announced a key partnership with Airbus (OTC:
EADSY) (FRA: AIR) (http://ibn.fm/eKvRZ).
Airbus is the European leader in the aeronautics space providing combat,
tanker, mission, passenger and transport aircraft. It is also a leader in the
global space industry. Under the agreement, Airbus will complete a Test and
Evaluation Program of Sigma Labs’ new PrintRite3D® version 5.0 hardware and
software followed by a validation phase on a powder bed fusion printer.
Sigma released the latest version of PrintRite3D(R), 5.0, in
May 2019. It delivers a simple, fast, and user-friendly interface operable by
both additive manufacturing machine operation technicians and sophisticated
process engineers. This cross-functional effort now makes available
capabilities that are of interest to a number of high-tech companies moving
toward serial additive manufacturing. Version 5.0 enables Sigma and clients to
identify unpredictably occurring, design- and metal-specific signatures of
precursors of intermittent quality anomalies. So far, no other product has been
capable of implementing these procedures at setup and then continuing in
machine operation. Sigma Labs’ PrintRite3D(R) technology has no competition in
providing actionable in-process data.
Sigma’s OEM licensing strategy and negotiations are crucial
to securing deployment of PrintRite3D(R) on the growing marketplace direct from
the factory. The product’s forte in these negotiations is integration of unique
product functionality within an increasing portfolio of in-process patents.
Sigma is fast overcoming the reluctance of OEM’s to adopt third-party quality
assurance tools. Widely available tools like automatic braking and parking
faced similar challenges early on and Sigma expects a similar outcome for
adoption of its PrintRite3D(R) technology.
Significant Advantages to End Users
PrintRite3D(R) tracks the performance of each machine to
provide early warnings of changes in machine performance using advanced melt
pool quality metrics. X-rays and post process inspections are minimized, saving
money and time and increasing production. Sigma is providing the solution the
3D printing industry has long sought, fueling the transition to a new
manufacturing revolution.
PrintRite3D(R) has been independently validated as a key,
reliable mechanism to ensure compliance and certification of 3D manufactured
parts. The authoritative Defense Advanced Research Projects Agency
(DARPA) (http://ibn.fm/rsbDS)
found Sigma’s technology to “ensure process consistency and product quality in
metal additive manufacturing.” DARPA also recognized its capability to monitor
the condition of the manufacturing equipment and to certify quality and
components.
3D additive metal part quality assurance requires high
quality sensitive manufacturers to institute procedures to inspect every single
part being made. The only way to attain high yields for cost efficiency and
manufacturing quality is an in-process quality assurance approach.
PrintRite3D determines whether parts meet quality specifications, examines each
part as it’s being manufactured in real-time to ensure it isn’t deviating from
specifications then signals the operator of a problem and the adjustments to be
made. Machine operators are able to act on the information in real time rather
than scraping the part after it has already been manufactured.
Sigma’s Capital Increase Strategy
In the spring of 2019, Sigma implemented a plan to ensure
the company had sufficient capital to fund its commercial path this year. This
seems to have been the right decision given market volatility. As of November
8, 2019, Sigma’s share volume was 254,273 with previous close at $0.56 per
share and open of $0.55 per share. The company’s market cap is
$9,254,435 (http://ibn.fm/yOO8m).
Sigma has an optimistic outlook with a fortified balance sheet, a growing,
multibillion total addressable market (TAM), a growing RTE program, and
commercial orders with a clear line of sight to breakeven operations by early
2020. Sigma Labs is on the path to becoming a dominant industry force as it
revolutionizes the 3D printing industry.
For more information, visit the company’s website at www.SigmaLabsInc.com
NOTE TO INVESTORS: The latest news and updates
relating to SGLB are available in the company’s newsroom at http://ibn.fm/SGLB
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