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Thanks Chef, I will look in past threads, just find it surprising there is almost nothing about them any where else online.
Does anyone know anything about Rockville Asset Management? I have tried to research them but cannot find anything? Thanks in advance.
Still holding too much potential here for me to get out now, this may be smart or not so smart time will tell.
GLTA
Hi KMey, at the last conference call if my memory serves me right I think Mark said they were not doing pay per click, but more of a standard licensing agreements. Does anyone else remember that? I sure wish they were doing pay per click because I think this would bring in more continuous revenue but I know very little about the pricing on these types of applications. We will just have to see the numbers for this purchase.
GLTA
The group besides GE and Honeywell that I think people forget about that could bring in revenues in a couple of years would be Aerojet Rocketdyne if they can get some of these big NASA contracts. They are also currently using printrite3d. Still though will have to reconsider my investment if we are not a part of the GE production of fuel nozzle.
http://3dprintingindustry.com/2015/06/22/nasa-aerojet-rocketdyne-use-3d-printing-to-expedite-independence-from-russia/
GLTA and have a great weekend. Hot in Omaha these days.
I could not agree with you more. Sigma is not a one trick pony, but printrite3d particularly inspect is designed for large production runs, multiple machines and big data for it to be most beneficial to a company. And with GE in the short term being the only OEM with large production runs approaching I think it is essential to my staying invested that we get a contract. With 620+ million shares we would really need to become a large printing bureau to support that. This is not downplaying contract printing or all of the other connections we have made, of which I am most excited about Additive Industries, but these will take a while to develop to see some bigger revenues and a higher pps.
HI DWOL, sorry kind of misread your post, so you hope to expect orders in Q3 or Q4 this year but revenue announcements later? Sorry if I misread your original post.
Thanks
Hi DWOL, I think you are right on not expecting orders/revenues to soon, but to me you can't just throw a leap engine together a couple of months before mid-2016. They are going to need Printrite3d or whatever system they are using for QA sooner than later. They will need time to test this out on the new printers, make sure the engines and fuel nozzles are safe before they leave the factory. I am looking for announcements Q3 or Q4 this year. So I am not disagreeing with you just think this is happening sooner. Just one caveat is they already have printrite3d and could be using it without announcements until Q1 2016. Don't know but I will be nervous if we do not hear anything after Q1 2016.
GLTA
http://www.insurancejournal.com/news/international/2015/07/16/375351.htm
Just interesting read for a slow day.
No worries Mr. B.
That is what I said, they presented together.
Since Sigma PRed that Honeywell was buying Deform and Donald Godfrey presented with M. Cola about it I am assuming it is Sigma's Deform. However do not know with joint development how much Honeywell considers it theirs as well and what all of that means. Do patents protect sglb if Honeywell changed it a little I have no background to know this, maybe someone on the board can weigh in.
Hi K, thanks for posting this again, this is amazing to me, it is a little weird that Honeywell is basically presenting Deform without Sigma, but this shows us how interested they are in the technology. Pretty amazing. After I originally saw this I thought Honeywell might just buy out sglb.
I don't know if this is a problem or a good business model, but are we a print shop or software company. I guess both. If we use the printers to showcase Printrite3d and make a little cash on the side fine, but to be able to justify 620+ million shares we are going to need more than 4 printers. Even running around the clock this may provide a good income for Mark and Bill but not the shareholders. If we become the next Morris Technologies (Printing Service Bureau) in 5 to ten years great but how much did GE pay for them. I have no idea but lets say 50 to 75 million (I could be really off on that). We still would only be where we are today for pps.
I am all for networking and developing these relationships in the industry but I feel sglb needs to be a software IPQA company otherwise we are going to need big contracts for production runs and GE already has their own printers and factories. We may get some subcontracts from them I guess.
Just thinking out load here, apologize if this is noise. Hoping someone can set me straight on the board.
From Chris Witty's response the printers more than 1 will be in Santa Fe. Maybe Arete will provide the capital for the additional printers? Does anyone think this is reasonable.
Good to have a footprint in Ohio don't know what that footprint will be but that is the center of the additive manufacturing universe right now.
Chris Witty response to my question about joint venture info
I'll ask to see how much additional information can be given out… it's a 50-50 JV that's just starting up and will be located at Sigma's facility -- where the EOS machine (and future machines) are housed.
Keep watching for news!
Best,
-Chris
Chris Witty
VP, Investor Relations
Darrow Associates
New York, NY
646-438-9385
Really not trying to be pessimistic but hopefully this a behind the scenes move. I just expect a company with connections and a market cap of 50_60 million to be starting joint ventures with someone who has an established company at least maybe a printer and an office outside of their living room. Ok I am being pessimistic. I generally have trusted Cola and his work so far so I am hopeful this is a great move.
I know this isn't much but google map arete address looks like a private residence. Although google says image is from 2012 so things could have changed. Hope this venture provides connections to GE otherwise we may be installing printers in someone's basement. Would be great man cave toy.
Does Arete symbol look familiar:
http://www.areteisllc.com/
http://sigmalabs.co
Just kidding mostly.
I am still optimistic on sglb.
GLTA
So if Bill Herman is President of this new entity, will revenues to Arete-Sigma LLC be considered revenues for sglb. Apologize for the ignorance on this subject just do not know how this works.
Hi Train, that was my initial question how does this new Arete-Sigma LLC venture relate to our shares, is it under the same umbrella, new shares, etc. Does anyone have knowledge about these type of transactions on the board that could shed light on how this effects our shares?
Thanks
I totally agree with both you and Chef. But the weird thing to me about this investment is we still literally do not have anyone to sell our product to, until production runs start. And with only 5-9 employees you have to do joint ventures. Hopefully we are establishing a good network that when production starts we are dragging alot of stuff home.
We will see. Happy hunting.
GLTA.
Hi Z,
This is from Bill Herman's linked in account
Vice President of Operations
Morris Technologies
December 2007 (5 years 6 months)
He worked for Morris Technology for 5 1/2 years. So Greg must have at least thought he was pretty good. Hard to read the tea leaves on this one. Just hope GE likes this guy.
GLTA
Thanks again SilverS, it really is remarkable to see the money GE is throwing around, sglb would be peanuts to their bottom line.
GLTA
Thanks for the info.
Hi SilverS, this is all hypothetical but do you know how that would go down if GE decided to buy sglb? Is there usually a negotiation or do they simply buy the shares at 7 cents or whatever the pps is? Is there a premium? Do shareholders have enough shares to have a say in sglb? Just trying to understand this process because if they did buy at the current pps I would lose money, I am averaged in at about 9 cents.
Thanks for all of your posts.
Hi RFB, than how do you explain Honeywell's position presenting with sglb and purchasing printrite, this is unwanted?
Truth is no one knows yet, you could be right but no one but the players involved know now. GE has not come out and said they are going with a different system. So I guess we will see.
Thanks
https://hbr.org/2015/06/the-limits-of-3d-printing
This is a post for a slow day. Good read about 3d printing industry. One of the key reasons the author sites is pre and post inspection and labor involved. Here is some quotes
Furthermore, the pre- and post-printing cost amount to a significant proportion of total cost per printed part. So even when the cost for printers materials come down, the labor-cost penalty will remain.
A second point often overlooked is that the labor cost that remains. Counter to common perception, 3D printing does not happen “at the touch of a button”; it involves considerable pre- and post-processing, which incur non-trivial labor costs. The starting point for any 3D printing process is a 3D file that can be “printed.” Just having an electronic CAD drawing is not sufficient; currently, there is no way to automatically convert the CAD drawing into a 3D file.
http://www.defenceweb.co.za/index.php?option=com_content&view=article&id=39599:supply-chain-wary-as-airbus-and-boeing-push-output-envelope&catid=114:civil-aviation&Itemid=247
The pressure is on to make these engines, hopefully no news saying GE is using someone other than sglb is good. They really do not have a lot of time to change to a new plan. But GE will make it work no matter I am sure even if they have to do costly and timely post inspection.
GLTA
Hi Golf, I am generally in for a year or two, but 2016 Q1 is where I am hoping to see some significant progress, i.e. GE will be starting production on LEAP and hopefully we will know if we are involved, Honeywell should have purchased something by then and Additive Industries will have their printer out with or without Printrite. If all of these or even some fall through I will have to reconsider this investment.
GLTA
http://www.bizjournals.com/albuquerque/blog/bizventures/2015/06/albuquerque-cybersecurity-firm-creates-unique.html
A bit off topic but was researching Betatron and found this recent article. Looks like they work closely with the national labs and startup ideas from there. As JJ suggested on his blog looks like they will be helping Sigma Labs get going.
Still holding hoping we are still in the game on these huge backlog of order for engines from ge. GLTA.
Also from the article just posted
Joe Markiewicz, plant manager in Auburn, says the project is moving ahead on schedule, with quality and engineering requirements being met as a prelude to full-scale production. The company plans to have 10 printing machines installed at the 300,000-square-foot facility by year’s end, a figure that could eventually climb to as many as 50.
http://www.madeinalabama.com/2015/06/ge-aviation-readies-first-3-d-printed-jet-engine-nozzle/
Don't know if this has already been posted but talks about a lot of what was being discussed today.
Although the JTDA was signed a couple of years ago, this stuff takes time, and I think (I hope) sglb is still in the game
I like this quote from article
GE Aviation says it has spent the last several years developing technologies ranging from data analysis to machine monitoring and preventive maintenance to get its 3-D printing techniques ready for mass production.
Hopefully I am a good speculator, otherwise it is just bs, we should see over the next couple of years.
I may be making too much about this, especially since DDD has not been directly associated with Sigma, but Honeywell and America Makes have been. The following article about DDD developing aircraft heat exchanger to be manufactured using 3D printing with America Makes and Honeywell. The second links are of Donald Godfrey's (Honeywell and co-presenter with sglb) patents on heat exchangers. He has a couple. Because I am not an engineer these may be different types of heat exchange systems but just throwing this out there. It seems reasonable to me that if Honeywell is going to work on heat exchangers and 3D manufacturing Godfrey might be involved.
http://www.3dprintingprogress.com/articles/7878/aircraft-heat-exchanger-to-be-manufactured-using-3d-printing
https://www.google.com/patents/US20130236299
http://www.google.com/patents/US20140360698
GLTA
http://www.darpa.mil/NewsEvents/Releases/2015/05/29.aspx
This is just fyi
Hi Chef, I remember you posting that about Sandia. That is why I was confused about this quote, particularly because Honeywell is involved and we know they are using Printrite3D technology. Just do not know if this is sigmas stuff or not with DDD because they have had separate agreements to look into quality control of parts. I guess we will eventually find out.
GLTA
http://optics.org/news/6/5/37
What is Sigma's relationship with Sandia National Labs, does the below quote from the above article include sglb products or is this something different
Together with some of the nation’s leading military suppliers—including Honeywell, Northrop Grumman, and Lockheed Martin—3D Systems was contracted to develop a precision closed loop and advanced manufacturing and monitoring platform, designed to deliver the accuracy, functionality and repeatability specifications demanded for flight-worthy aerospace parts.
The first contract is led by 3DS, in partnership with the University of Delaware’s Center for Composite Manufacturing, Sandia National Laboratory and Lockheed Martin. The project is designed to integrate predictive technologies with 3DS’ SLS 3D printers to dynamically monitor parts at the layer level during the manufacturing process, ensuring optimum accuracy and repeatability of manufactured aerospace parts.