- 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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