- On-demand
3D printing revolutionizing supply chain dynamics for manufacturing
industry
- SGLB
is sole provider of urgently needed software solution that uniquely
addresses in-process quality-control issues for 3D metal printing
- Provision
of quality-assurance software is valued at more than $1.4 billion,
expected to grow to $3.9 billion by 2023
Referenced as one of tomorrow’s “greatest conduits for
converting scarcity to abundance,” the 3D printing industry is transforming the
$12 trillion manufacturing landscape while simultaneously disrupting the supply
chain model (http://ibn.fm/HLeLE).
At the frontline of the movement is Sigma Labs Inc. (NASDAQ: SGLB), the industry’s sole
provider of quality-control software that puts more control of the 3D-printing
metal process into the operator’s hands for the purpose of eliminating
inefficiencies, reducing rejected output, and saving time and money.
Traditional metal machining manufacturers mostly carve,
slice and grind away at raw materials to produce their products (called
‘subtractive manufacturing’) while the 3D metal printing process (also called
additive manufacturing) creates objects by laser sintering powdered metals
layer by 10-30 micron layer on top of each other using a computer-aided design
(CAD) model and formed into the desired three dimensional object. Since the
objects are built in layers, customizations are made by altering instructions
in the digital file. Unfortunately, errors made during production are not found
until after the process is complete, which results in excessive cost and
material waste.
SGLB addresses this crucial issue through proprietary
software solutions that enable operators to monitor the production process in
real time and receive notifications about errors or anomalies while the process
is taking place. This gives operators the knowledge required to make changes in
real time, enabling them to avoid the creation of flawed output while producing
yields of consistent high quality.
The demand for quality-control software increases as the
production process becomes more complex. Two decades ago, 3D printers cost
several hundred thousand dollars and used only plastic; today’s machines are
150 times faster and can print items using more than 500 different materials
across the entire periodic table of elements.
While the first items printed were simple household items,
before long, 3D printers were creating prosthetic limbs, rocket engines and car
parts. However, as the uses for 3D printers increased, so also did
quality-control challenges. The increased complexity of the production process
demands better quality control, and SGLB has focused on software solutions for
the industry. To date, SGLB has 19 beta programs in place with some of the
largest names in industry – obtaining many tier-1 OEM enterprises such as GE
Aviation, Honeywell and Airbus in the process.
Originally founded in 2010 by a team of Los Alamos National
Labs scientists and engineers, SGLB first operated as a developer of
commercially licensed, advanced metallurgical products. Forecasting high demand
for quality-control solutions in the 3D-metal-printing space, the company
shifted its operations to creating in-process quality-control software
solutions for highly demanding, precision-dependent companies in the aerospace,
defense, transportation, oil and gas, and biomedical industries.
The provision of quality-assurance software to the
commercial, 3D-metal-printing industry is valued at over $1.4 billion and
expected to explode to $3.9 billion by 2023. As the sole provider of innovative
software solutions that address this demand, SGLB is likely to benefit from
this unmet need while securing itself as a leader in what many are calling “the
fourth industrial revolution.”
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://ibn.fm/SGLB
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Editor@QualityStocks.com
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