Friday, July 31, 2015 8:53:49 AM
So for machines to have inspection is not unusual, nor unexpected, that doesn't make them foolproof.
A look back to Marks last call shows him explaining it himself
SA Transcripts, Recent earnings call transcripts (41,091 clicks)
We cover over 5K calls/quarter
Profile| Send Message| Follow (5,428 followers)
Sigma Labs' (SGLB) CEO Mark Cola on Q1 2015 Results - Earnings Call Transcript
May 14, 2015 10:55 PM ET | About: Sigma Labs, Inc. (SGLB)
Question-and-Answer Session
Operator
[Operator Instructions] And our first question is from Holden Lewis at Oppenheimer.
Holden Lewis - Oppenheimer
I think you said in your release that you got the EOS machine and that you have equipped it with your software, so made those modifications if you will. I think EOS does great job as parameter sets. Do you have any measurable that talk about what sort of upgrading I guess I would say with your software does to improve what it can do for you?
Mark Cola - President and CEO
Measurables, yes, great question, Holden and so what our software enables us to do for our customers is basically provide them with a quality certificate of the build whatever that might be that we’re making for them and what that quality certificate basically does, it provides them objective evidence of compliance that the products that we produce for them was built in compliance with their design intent. And so effectively what that means is that they now have a record that they can use to show their customer whoever that might be and it may be a regulatory agency that that they built it in accordance with the procedures that they set out to do.
Holden Lewis - Oppenheimer
And so that gives you sort of a quality control element but was that capability – did that capability not exist on EOS machines to this point and so it’s brand new or how should I think about the way in which you’ve improved on the machine if you will?
Mark Cola - President and CEO
Yes, so another good question, thanks. The current machines of course as delivered by EOS are capable of providing feedback that the machine has functioned as the machine was intended to do or instructed to do. What we're providing is an added or independent measure of quality of the product that it produced. We’re not measuring that the machine functioned as it was supposed to do, that’s EOS’ business. But we are as an independent measure of the quality of the product produced, the machines do not do that right now. The machine basically says I moved and turned on and functioned as I was supposed to do whether you got a product out or not, we don't report on that. That’s effectively what EOS does. What we do then is we’re an independent yardstick if you will or measuring stick of the quality of the product produced. And so you never want to basically use the same measuring device that you build a product with to measure the quality. There’s always need to be an independent sort of measure of the quality.
Recent SASI News
- Form D - Notice of Exempt Offering of Securities • Edgar (US Regulatory) • 03/06/2024 02:09:28 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/22/2024 09:20:29 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/12/2024 10:11:48 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 02/12/2024 02:01:27 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 02/09/2024 10:30:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/05/2024 01:25:51 PM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 01/30/2024 11:12:15 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/30/2024 09:45:39 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/23/2024 09:15:49 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 01/16/2024 09:30:35 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/16/2024 01:32:12 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 01/10/2024 09:30:17 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/09/2024 10:00:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 01:39:21 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 01:38:26 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/03/2024 01:30:17 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/02/2024 10:20:32 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 12/07/2023 01:35:07 PM
- Sigma Additive Solutions Announces Filing of Definitive Proxy Statement Relating to Proposed Acquisition and Shareholder Vote • Business Wire • 12/07/2023 01:31:00 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 12/01/2023 11:03:17 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/24/2023 09:05:37 PM
FEATURED Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • Apr 25, 2024 8:52 AM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • KGKG • Apr 25, 2024 8:30 AM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM