Evidence Based Investments
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Learning from mistakes is good.
In my opinion, doing due diligence and being able to turn those mistakes into profit is good.
Sharing factual posts on Sigma Labs activity or the activity of their customers in the AM industry is good.
Sharing factual posts of trends of the industry is good.
Sharing factual posts on funding activity of private companies and government entities such as the DoD is good.
Telling people how to invest or trade is bad.
Telling people the PPS will drop to a specific level in a nonspecific timeline is bad.
Spreading misinformation and ridiculous trading speculation that some entity is constantly "manipulating" the PPS is bad.
Slander on the names of the company and it's personnel for underperforming when they are performing their jobs duties and hitting annual goals is bad.
It's not luck. It's carefully calculated risk and the skill and intelligence to know what moves to make and when to make them.
I understand it's so foreign the word "luck" is the only way to define it for some.
Makes sense.
Sigma inside
Do DD
Glta
I agree...I traded them on the recent pop. The 10s of thousands of warrants wouldn't have made sense to hold for a fraction of the amount of shares...but the profits will allow for me to buy more actual shares if I so please.
All profits are good profits.
Sigma inside
Do DD
Glta
Sounds like a lot of poor trading advice IMO
I can't see this trading advice producing any significant profits, in my opinion.
I hope not too many lose off this poor trading advice.
Definitely not a trade that is in the interest of Sigma labs shareholders.
Definitely not based on the current PPS trend.
Definitely pure speculation in a very wild trading technique that would be very risky and dependant on a lot of things happening to work in the slightest.
Hopefully this trading advice doesn't cause too much in losses for any one.
Yikes.
Leveraging warrants just to short a stock?
Makes absolutely no sense and is the absolute opposite of what actually occurs.
More proof. Lol.
Sigma inside
Do DD
Glta
Correct. Yet again, a completely nonsensical theory, I absolutely agree.
In my opinion, there is an obvious agenda at play to ensure decrease in pps of Sigma Labs, that has failed terribly.
Attacks on the stock, it's personnel, the company have reached the level of slander.
There's investigations taking place into the dollar amount of loss attributable to these actions and the possibility of legal action.
Shareholders should definitely take action, at least here, to limit this kind of activity. Report slander posts and those with no facts behind them.
Sigma inside
Do DD
Glta
Correct. Warrants of Sigma Labs trade like every warrant in the history of warrants. No one would "leverage" warrants to do anything, as the idea of not exercising them is ridiculous and baseless.
Purchasing warrants to exercise and them for shares below the pps at the time of the exercise is the only reason to purchase warrants.
Or to trade them like any other share, no leverage is involved.
In my opinion this is another absolutely ridiculous idea that any entity would be interested in leveraging warrants or what that would accomplish.
Seems the idea blossomed from the interest in the pps to decline sharply to $2 for the past 6 months and hasn't happened.
Now forced to slander every operation of Sigma Labs and everything involved to fuel a failing agenda and idea.
It's funny to watch the floundering.
Sigma Inside
Do DD
Glta
In my opinion, as the number of theories falling flat continue to add up, the agenda of certain outlooks on Sigma Labs with baseless negative connotations are being brought to the surface.
If that's the case, why is the goal being missed so terribly while due diligence has provided over 100k in profits this year?
Seems like one theory is effective and one claiming disaster has been false.
Sigma Labs has been continuously earning more and more contracts with highly successful companies.
These connections have shown to be highly profitable endeavors for both the Company and it's shareholders.
Sigma Inside
Do DD
Glta
extracted from recent DoD AM post. Nice DD find.
i like this portion of the conclusion section the best,
"DoD will implement AM policy and guidance to
ensure the transition to full digital design for new
hardware. OSD and DoD Services and Agencies
will support research and development programs
to integrate advanced technologies (e.g., artificial
intelligence, machine learning, process
monitoring, etc.) into the AM digital thread and
digital manufacturing environment.
take your time and read this sentence nice and slow and see if it sounds exactly like what PR3D is capable of...
***OSD and DoD Services and Agencies
will support research and development programs
to integrate advanced technologies (e.g., artificial
intelligence, machine learning, process
monitoring, etc.) into the AM digital thread and
digital manufacturing environment.***
ie, what Sigma Labs has patented is what entities like the DoD are looking specifically for. Of course every market needs more than one option to continue advancement, hence the reasoning for continuing to fund research in the area. More proof Sigma Labs software in years ahead of the competition, many of which still in the R&D phase.
just some food for thought ;).
in other news...
Sigma Labs customer Baker Hughes Additive plans building bigger as time goes on.
in my opinion, this continuous advancement to create a large AM printing network is great for Sigma Labs to have a production customer in Baker Hughes.
Würth and Baker Hughes Announce Joint Service Offering to Expand Additive Manufacturing Solutions for Customers Globally
Würth will expand its capabilities to offer its existing global customer base advanced design, digital inventory, and customized additive manufacturing capabilities from Baker Hughes globally
New offering targets the oil and gas, renewables, power generation, maritime, automotive, aerospace, and other industrial sectors
NASA among first customers to benefit from joint service offering
WINA, a subsidiary of Würth Group, the world’s largest fastener distribution company, will collaborate with Baker Hughes on advanced design and additive manufacturing opportunities across the oil and gas, renewables, power generation, maritime, automotive, and aerospace industrial sectors, bringing a new level of scale and automation to Würth customers’ supply chains globally. As an energy technology company with proven leadership in additive manufacturing services for oil and gas customers, Baker Hughes will now gain access to Würth’s global customer base with more than 80,000 clients across a host of industries.
“The total cost of ownership is astronomical in these industries,” said AJ Strandquist, director of 3D printing for Würth Industry North America. “There are opportunities to supplement the traditional supply chain with additive manufactured products to create a better customer experience. That is our mission together.”
Through digital inventory management, parts can be stored and produced at hubs closer to operating sites. As the technology advances, more materials and geometries – both in terms of size and features – will become printable. Larger volumes of 3D printed items provide for a higher degree of customization, allowing customers to reduce supply chain logistics-related emissions by moving production closer to the point of consumption.
“Now more than ever, industrial companies are looking for innovative manufacturing solutions to reduce lead times and eliminate physical inventories, while reducing the carbon footprint of operations, and we believe additive manufacturing plays an important role,” said Scott Parent, chief technology officer for Digital Solutions at Baker Hughes. “By combining our advanced design and additive manufacturing capabilities with Würth’s global customer base, we can expand the scope and scale of our services outside of oil and gas. We are excited to can take advantage of this opportunity and transform the future of work.”
Würth Industry North America is a $1 billion division of the Würth Group, the world’s largest fastener distribution company.
Baker Hughes has over a $20 Billion dollar market valuation currently.
side note - super weird speculation that some entity is purchasing the warrants to "leverage them and not exercise them". makes zero sense. proves absolute nonsensical ideas in everything that has to do with investing and common business practices and especially with AM and Sigma Labs.
https://www.bakerhughes.com/company/news/wurth-and-baker-hughes-announce-joint-service-offering-expand-additive-manufacturing
Well to start, there's no advice in my post.
Simply stating the pps move currently.
And being off by 100% from a target for weeks now is pretty embarrassing. Been off for the past 6 months from anywhere between 20-100+%.
In my opinion, the company has continuously upgraded their product and collaborations with various high profile customers.
Happens to also be true based on fact over the years, correct.
Also true based on shareholder value as documented in the most recent sec filed report.
Of course the pps will retract naturally.
Just stated how it was an impressive hold for such a tremendous movement in a short period of time. Usually if it was completely sporadic, it would drop much more quickly.
Shows that people are willing to purchase in the $3 range and above.
Great time for Sigma Labs and hopefully a sign of things to come as their production customers continue to grow and fill orders.
Sigma inside
Do DD
Glta
Great run and hold for Sigma Labs in my opinion.
Yet another day 100% above the $2 call.
Didn't expect to be taking profits again this week but I don't mind ;)
Nuclear DoE advancement into AM sounds very interesting, especially considering they are highly regulated and in need of verified parts.
Lotta time between now and the next earnings call.
With funding for the entire year solidified via the last offering, only news we should be hearing is of advancement in the technology or contracts.
Lot of our customers moving from R&D testing into production... shouldn't be long before we hear from one of the many multi-billion dollar companies we have contracts with...
Maybe an update on OEM sales and strategy.
Looks like great things are cooking!
Sigma inside
Do DD
Glta
what exactly does "going electric" mean in regards to the oil and gas industry and Sigma Labs technology?
Electric cars by 2035 have nothing to do with Sigma Labs
Also 2035 is 24 years aways. Plenty of time for billions to continue to be spent in AM for oil and gas parts...
Such bad conclusions to non news lmao
Also, HIP is POST PROCESSING TREATMENT, ie, has nothing to do with what is done during the process, and parts that change the material properties post process would always need CT scanning, however no one is going to melt the parts they just made so much that they change the shape. HIP does not change shape of part, only properties of the metals used.
realize the gas turbine industry includes both natural gas and liquid gas turbines that are used to power airplanes, helicopters, generators, industrial machinery, trains, etc...is a $20 billion dollar market in the US alone... right....
Last time I checked the turbine industry isn't going electric
Last time I checked major airlines aren't going electric...
was that a sloppy copy and paste again?
more obsession over GE, as if they own the world when in reality they only capture a percentage of the AM market and even less in total AM parts vs other end users.
again, in my opinion, really showing incompetence and lack of knowledge of anything to do with the industry as per usual.
also, you only say pps going to 2 when its wasn't, in fact, it went the opposite direction, meaning, no, wrong again.
SGLB pps, the outlook was $2 and it went to $4...thats 100% wrong... believe me, i took the profits every time, I'd remember.
something around 300 percent over 6 trades now. been a great year for due diligence and profits.
Mitsubishi also does very well in Japan and secures a significant portion of their market every year. Another SGLB customer in the oil and gas industry.
Baker Hughes is doing fine as a company without bloated GE ownership.
DoE very interested in making oil and gas industry more efficient as the green energy is being fast tracked for funding right now.
that does not mean an entire industry will stop innovation and stop the influx of billions of dollars. Oil and gas industry will continue operations, as it does every year, fueling nearly every industry for at least another few DECADES. lmao
such uneducated outlook in every field... its kinda funny.
DoE is also very excited for AM in nuclear... especially as our founder has experience in the field, and all their equipment is highly regulated, Sigma Labs could certainly see very high end nuclear energy parts as a possible venture.
wouldn't be surprised if something is heard in that field soon ;)
https://www.energy.gov/ne/nuclear-energy-enabling-technologies/reactor-materials
Sigma Inside
do DD
glta.
Sigma Labs customer Baker Hughes has big plans for AM, including working with partner Ansys.
Speaks on limiting down time, machine learning, and importance of supply chain.
Oil and Gas is a very large market that currently needs to limit expenses as their funding is dwindling as they battle green technologies.
Higher efficiency is a necessity.
Turbine market continues to grow overseas especially.
Japan's turbine market is growing much faster than US.
Mitsubishi continues to bolster their position in the turbine market.
Production of AM parts continues to grow.
Large supply chains take lots of AM machines at multiple locations.
Sigma inside model looking nice.
“In oil and gas, it is a high mix, low volume type of play” Gladkikh says. “That’s why additive is perfect because you can design and manufacture parts economically for a load of one – sometimes that’s what we have to do. There’s lots of very simple components that don’t make sense for additive, but there are also lots of complex assemblies, like hydraulic manifolds or different types of completion equipment, where additive makes a lot of sense. This is where additive is best; where we can not only cut lead time because of the process or supply chain approach, but we can also redesign and improve functional performance because additive allows us to open up the design envelope and make possible solutions that were impossible before with conventional.”
https://www.tctmagazine.com/additive-manufacturing-3d-printing-news/baker-hughes-3d-printing-oil-and-gas/
Sigma inside
Do DD
Glta
another slander hit piece claiming market manipulation.
in order for their to be "manipulation", something egregious needs to occur
-- Market manipulation is a type of market abuse where there is a deliberate attempt to interfere with the free and fair operation of the market and create artificial, false or misleading appearances with respect to the price of, or market for, a product, security, commodity or currency.
so if there's any actual manipulation going on, please identify it
this is the market determining the value of Sigma Labs shares, proving their current valuation has a potential to rise, otherwise no one in their right mind would buy it.
considering $5 million was raised, and millions of shares traded over a couple days, im certain it wasn't a mistake so many shares were purchased which caused the increase in pps for the past few months, and particularly the past week while and offering took place at $3 and sold during and after closing between 3.5 and 4.3
thats not manipulation, that's investors purchasing shares of a company that has great potential to continue upwards based on contracts signed and progress of the company.
if it lowers, that's people who disagree with that sentiment selling short or selling previously owned shares.
if the price stays higher than it was, the market has made it's determination.
if the price retracts lower than the pps before the rise, it's made it determination.
the fact is that the current rise and hold well above the offering price is proof the market believes the valuation of Sigma Labs has great potential to give them a significant ROI, even if rhe price retracts post offering, as at some point it more than likely will.
congrats to all who followed due diligence and made great money making moves from 2 to 4.3 instead of waiting for 2 for 6 months.
profits all day baby :)
scheduled a week vacation and called off the next two days bc i made a years salary (100k) so far trading this year.
great dd, great results.
Sigma Inside
do DD
glta
looks like the Sigma is near the end of the run on this one. sellers and shorters hitting hard.
Raising of $5 Million solidifies operations for the entirety of 2021. Great move by management. Excitement in the industry is palpable as pps traded for millions of shares all above the offering price of $3.
took profits on the ride up.
excited for next retracement to reload and repeat.
i read this was going to 2 since june and July? were all those pps outlooks just wrong or what is the reasoning?
took more profits off the top today thanks to actual research based off due diligence.
also, how is projecting revenue numbers less misleading than simply stating factual statements from the ceo about how the company is operating as planned and everything is going well?
what if those numbers end up wrong?
its the same concept.
the writer can't control what the reader thinks after reading a statement.
no one promised any particular amount of anything.
simply stating how the AM industry is responding, and how companies are moving towards production is not misleading.
similar to calling 2 and being wrong for eternity.
that's why i dont speculate price, only increase in valuation, which has occured over and over again and provides investors the possibility for generous profits.
sigma inside
do dd
glta
interesting investing strategy, sorry it didn't work out.
Sounds like it's less Sigma Labs teaching the lesson and more like the market.
in my opinion, i did the opposite and had tremendous success. researching should at least be partially done BEFORE investing in any company.
i found facts, scientific papers, and industry experts opinions to find Sigma Labs a plausible investment opportunity. I attended countless industry seminars, technology briefings, scientific community whitepaper presentations, etc.
Because of laws and regulations within investing, a public company is not allowed to state the ongoing possibilities that are on the table before they actually occur. every company makes statements to bolster their business, hence the reasoning for the forward looking statements notification prior to every announcement.
however, by the art of due diligence, a researcher, like myself, can come to a reasonable conclusion to understand the direction of the market before it actually occurs.
a visionary perspective, if you will.
although somewhat risky, a reasonable outcome can be calculated and carefully approached.
thus far, it's been a highly profitable endeavor.
similar to Sigma Labs ability to continue to show promise in the additive manufacturing field, signing deals with the largest players in the industry, and most recently multiple OEMs and globally recognized mass production companies.
although initial contracts with little revenue may seem insignificant to the average investor, those who have done due diligence understand the weight and value of each one.
i have been researching and investing in Sigma Labs for 5 years. i scheduled my investments to reduce losses. i averaged down on numerous occasions.
but,
in the past half a year, by investing in Sigma Labs, i was able to capture tens of thousands in profits, on multiple occasions, while still holding a significant position.
based simply from research and due diligence , or "unrelated news", to the less knowledgeable.
i became interested in investing to make extra money besides my day job.
im not sure what the outlook is for 2020 but 2021 looks much better.
Sigma Labs has fulfilled every expectation, and continues to show great promise into the future.
Sigma inside
do DD
glta.
No one advised anyone to purchase the stock of a startup company, who at the time, had extremely limited if any revenues, a product in the r&d stage, performing engineering consultation for the additive manufacturing field.
Fast forward a decade with dozens of collaborations under their belt, a handful of contracts active, dozens of white papers by accredited institutions, dozens of patents, multiple production contracts, multiple contracts with OEMs to direct embed a software into 3d printers, highly skilled management, contracts that extend globally, multiple offices overseas, etc, etc.
Personally, I wouldn't boast about buying in at the equivalent of $500 because it just shows how big of a blunder was made by the individual who made the decision to purchase shares of a company at such a bloated price, before the company even claimed to have a battle tested product, or more than 3 patents of almost unrelated technologies.
It's not a fault of the company an individual made that decision completely on their own
They should have completed some due diligence first.
Sigma inside
Do DD
Glta
Took some nice profits near the HOD to add more shares at any dip.
Buying pressure has been steady and a very interesting change for SGLB.
Keeping a majority of my shares with plenty of cash ready to buy more.
I guess if I was a Sigma Labs investor that missed out on the 5+ opportunities in the past 3 months to earn a 30-100% or higher gain, I'd have to blame someone random too.
Example gains
1,000 +75%
1750 + 50%
2625 + 100%
5250 + 70%
8925 + 60%
Would put an investment at $14,280
In the past 6 months with 5 simple trades
Above numbers are not speculation, just an example, as the number below is closer to reality.
Now do the same math with a modest 10k investment or more :)
It's been a great year
It's been pretty easy reads, especially if the DD is done and the understanding that GE is a fragment of the AM market is realized.
Pretty easy to read as Sigma has contracts with multiple foreign entities in DMG Mori, Mitsubishi, Additive Industries, Fraunhofer, and others.
Especially since Mitsubishi captured 41% of the gas turbine market in 2018, and currently the CAGR is growing much faster in Japan than in the US. Meaning not only will there be significant MRO needs for that industry, it also continues to grow, opening the door for new parts to be printed in mass production, as the contract happens to be for.
Sigma happened to earn a contract with Mitsubishi...a major player in Oil and Gas who also happens to be producing their own DED machines.
The oil and gas/energy sector being a much larger market than any additive sales GE is doing currently.
Sounds like this knowledge may have missed a couple DD radars.
Also, the nice thing about being a 3rd party software that meets the standards of multiple countries, you aren't limited in who you do business with.
Sigma can profit off the multiple companies moving into production, not just on one type of printer for one company.
Globally.
I caught the blip and the 2nd half of 2020 was very generous to me and every other capable investor over and over again :)
Sigma Inside
Do DD
Glta
Well this hasn't aged well at all,
in my opinion.
Also, the reason a company like Sigma Labs doesn't take out a line of credit against a patent, is because if they go bankrupt, they then lose the patent.
That would make absolutely no sense for any company to do in this situation.
Companies utilize private and public placements to sell shares in return for a specific dollar amount, which the buyer agrees upon. A very fair transaction that both new and existing shareholders can participate in.
If the company were to go bankrupt, the company would sell its assets and distribute the remainder to the shareholders, as required by law.
As far as the reasoning for the capital raise, it's hard to speculate the reason.
Very simply, it could be for cash on hand, as the recent raise in valuation is presenting a higher multiple on Sigma's asset value. This would instantaneously provide shareholders with more value per share, as we saw happen even as the announcement was made and over 2 million shares were traded in the same day as the price increased.
If the cash is to be spent, it could possibly be towards one of the recent production contracts recently announced.
The "Sigma Inside" model does not necessarily mean all the hardware and installation costs are put onto the seller. I wouldn't think many companies would agree to take up that expense for no reason.
Until the full digital model is available, as Sigma is pursuing with directly embedding PR3D software into a Processor like Materialises MCP, there is still going to be necessary installation of hardware and software into printers.
Sigma would likely see some expenses to complete this, but still be able to maintain the 50-60% profit margins they have been seeing, which is still very good.
The cash could be going towards continued development of recently released contracts to improve and expand the softwares capabilities.
The DED market is rapidly expanding and has very large investors involved.
I like this article from our recent customer Mitsubishi, who has very big plans in AM, including Sigma Labs and DED.
Warren Buffett agrees and invested 6 Billion into Japan, including Mitsubishi recently as well, as described in the article.
https://www.google.com/amp/s/3dprint.com/276434/mitsubishi-heavy-industries-to-expand-ded-metal-3d-printing-line/amp/
So pretty much, whether they spend the money or not in the near term, it will benefit shareholders, and has already.
I believe the timeframe on two calls has long passed and was categorically wrong.
Profits taken by due diligence, with more to come :)
Sigma Inside
Do DD
Glta
I don't know how anyone would possess such a thing.
I defer to the CEOs latest projection that one or multiple 7 figure contracts are on the table in the near term.
4Q 2020 contracts were very promising and leading towards full production.
Continuation of the trend should be a profitable endeavor for Sigma Labs over time.
Also important to note, the offering does not mean the company is out of cash.
Simply means the company saw and opportunity to raise capital for the necessary growth required to ensure the future of the company.
Increase in cash will also increase the shareholder value short term, as Sigma has seen and increasing multiple on their assets recently.
Great growth thus far end of 2020 and beginning of 2021.
Exciting times.
Sigma inside
Do DD
Glta
Perfect timing to utilize profits from the recent 50-75%+ run from 2 to 3.5.
Lotta cash ready to go and perfect timing for sigma to capitalize on the run to fund operations.
Especially if the recent contract news continues at the same rate, the company will have plenty of cash going forward and price will continue to rise after the initial dilution.
Great move :)
Ready to make some more money, time and time again baby let's gooo
Sigma inside
Do DD
Glta
I think the new standard of relevancy about shareholders interests and copy and paste articles from GE technologies that have nothing to do with Sigma Labs is clear to see now.
Not sure how a technology other than LPBF and DED affects Sigma's addressable market, as the companies producing Laser based machines are booming and putting out record numbers YoY, so bringing up an undeveloped technology with a smaller market than Sigma's addressable market is pretty irrelevant.
does Sigma Labs have a contract with that one single arm of GE Additive at the moment?
no.
Again, very hard to install software with a company you have no contract to do so.
not sure why anyone would be getting hung up on one small subsection of one single company, and one part, only reported to have printed in R&D and small lot numbers by a company with an exponentially higher capacity to print. it's a miniscule portion of the market.
one company, one part.
Equivalent to 25 printers running part time. Sigma Labs has production contracts with companies that are capable of running 100 printers, full time.
Sigma recently signed a production contract with Baker Hughes, who has more capital and is larger than GE Additive.
Baker Hughes has a 20 Billion dollar market cap.
its been well documented GE relies heavily on post process inspection.
GE also relies heavily on acoustic sensing tech, which wasnt mentioned in the industry standards. Everything is thermal.
all of GEs printer qualifications may require additional monitoring solutions other than those im their current process to document the necessary components like laser power and parameters, which is easily capable of being detected by the thermal on axis sensor that PR3D by Sigma Labs uses.
However, DMG Mori, Mitsubishi, Airbus, Baker Hughes, Woodward, and others, all have signed contracts with Sigma Labs, two of which were announced this year, are for a production setting. sounds like two very large AM companies Mitsubishi and Baker Hughes are both willing to sign initial contracts with Sigma Labs after extensive testing and evaluation processes.
Sounds like multiple OEMs in DMG Mori and Additive Industries are willing to embed SGLB tech directly into their systems. Sounds like the biggest AM software company in the world Materialise is willing to embed SGLB directly into their MCP
some wouldn't make it at an AM symposium trying to hold a conversation with the industry leaders without getting laughed out of the conversation.
Engineers, software developers, CEOs, CTOs, etc.,all have great insight and intelligence of the actual happenings and discussions within the industry.
keeping my DD to myself for the foreseeable future while focusing on private investment with colleagues in the industry. That's how to hold a profile pic like mine :)
Hopefully misinformation doesn't continue to ravage the atmosphere in the absence
Be a seeker of truth and profits, not speculation and bag holding losses.
Peace and love, Vis
Sigma inside
Do DD
Glta
except its not a bunch of words. its due diligence that proves the validity of the target market for sigma labs and proof that the numbers presented from various companies arent production numbers, they're still r&D and small lot numbers.
these huge AM companies with hundreds of printers are only using a handful of their printers full time, with a majority of them being utilized part time or for research and development of part builds.
the numbers show to hit 125,000 printing hours in a year, it would only take 25 AM machines, running 14 hours per day, while these companies have hundreds of printers.
most large companies Sigma Labs has been actively working with have multiple locations with a hundred printers or more.
GE
Baker Hughes
Honeywell
DMG Mori
Carpenter Additive
Mitsubishi Heavy Industries
Airbus
All have hundreds of printers looking to start production in the most efficient manner possible...with PR3D
production companies don't let expensive equipment sit idle for 10-12 hours per day.
production companies run expensive equipment, like AM printers, 24/7.
90 printers at one facility, at 12 hours per day, is 400,000 printing hours in a year, not 125,000.
no company is running full production, most likely because the process is still expensive and time consuming with post process inspection technologies taking a lot of time.
Luckily, PR3D dramatically lessens this time.
most likely because qualifying each printer prior to a print is very time consuming.
Luckily, PR3D can do this quickly and efficiently, and also throughout the entire build.
most likely because using printer data to examine the laser power and parameters that does not alert a machine operator in real time, is much less efficient than a system like PR3D that uses machine learning to keep a build within parameters, and alert an operator they are not.
Baker Hughes recent deal was specifically for production deployment.
Baker Huges has been involved in AM, especially with GE pre split. they have access to a very large number of AM machines.
not like another bunch of words claiming a company's budget for 2021 is already spent...just pass on that blatant misinformation and lie to serve an agenda i guess. common tactic by substandard opposition. let that slide I guess.
Contract with a bunch of words by the standards organizations just made a lot of people a lot wealthier a few weeks ago.
Contract with a bunch of words by DMG Mori made a lot of people wealthier
Contract with a bunch of words by Baker Hughes is about to put Sigma Labs technology in their production process.
Contract with a bunch of words in an additive Industries contract is going to include Sigma Labs technology in their AM machines.
its whether or not the words are comprehended and understood by the reader whether they are important or not.
its clear by the success of the shareholders who can comprehend these simple words, and those who cannot.
Sigma Inside
do DD
glta
125,000 printing hours, divided by 8,760 hours in the year, is equivalent to ~25 AM machines printing for ~14 hours per day.
think hard about that....it would only take ~25 AM machines printing for 14 hours a day to hit 125,000 hours in a year.
Now covered two giants who happen to have both have or previously held contracts with Sigma Labs.
GE
And Baker Hughes.
Both claim numbers that clearly show only R&D and small lot, based on the number of printers they actually have.
Clearly by the numbers, very few, if any, of their hundreds of printers are running full time.
thats not production.
also, thats a lot of speculation on when a company invests in their software purchases....thats a lot of speculation as to when their fiscal year begins and ends...is there any proof to this theory or just pure speculation?
that was a lot of speculation that these companies already spent their software budget, when they could easily budget per quarter accordingly. they dont spend all their money for the entire year before 2021 even begins.
they schedule investments to occur every quarter, otherwise no contracts would ever get signed between January and November, which is not how business is done at all. companies sign contracts and spend the monies associated throughout the entire year. its impossible to say that any particular company has spent all their budget for 2021.
to say companies already spent their 2021 budget at the end of 2020 is grossly misleading at best.
GE alone has hundreds of printers waiting to run 24/7
GE has multiple factories throughout the US, some of which with over 100 printers now...in the words of GE,
"Today, the ATC holds close to 90 3D printers, including six of the largest metal printers in the world, and employs 300 designers, machinists and engineers. The site belongs to GE Aviation, but about half of the employees come from GE Additive, a new GE business unit that makes 3D printers and the materials used for printing". -GE 2018
https://www.ge.com/news/reports/3d-printed-age-futuristic-ohio-factory-proving-mark-twain-wrong
if those 90 printers, printed just 12 hours a day, it would be ~400,000 printing hours.
one company, one facility.
these are small numbers compared to what the entire industry will be pumping out in full production once they are able to qualify their printers and process, as well as certify parts are being made correctly without extensive post process inspection.
companies like GE, Honeywell, Mitsubishi, Pratt and Whitney, etc., have hundreds of printers across multiple sectors that they want to run 24/7.
125,000 printing hours is ~25 printers running r&d and small lot.
production companies run 24/7.
they have employees on day shift and night shift because its the most efficient way to produce.
zero down time for machines, only down time is for maintenance and repair.
GE has hundreds of printers that could be running 24/7
Mitsubishi has hundreds of printers that could be running 24/7
DMG Mori has hundreds of printers that can be retrofitted and hundreds more being made to sell with Sigma Inside.
Additive Industries expected to continue to grow exponentially YoY as they have the past few in their early yet impressive growth of the company.
EOS has sold globally and Sigma has proved their software works great on EOS machines.
Part of the Baker Hughes deal included installation on an SLM dual laser machine.
Continued progress into the DED market exponentially increases the target market into the AM industry.
Automotive and oil and gas companies are heavily invested in DED.
Billions of dollars added to Sigma's potential market.
According to these numbers, no company has hit full production, yet they have multiple factories outfitted with dozens of printers per factory.
Hundreds of printers are available for production purposes, per company.
the industry is only just dipping its toes in production. very small lot, limited number of machines running full time. most printers according to the reported numbers are running part time.
there is a lot of room to grow :)
all the information above is reported by the industry professionals and real numbers provided by real companies
no speculation on the software budgets and timing of when the fiscal year ends and when funding these projects would occur.
i go with just the facts...no speculation.
Sigma Inside.
do DD
glta
450 qualified parts and produced 25,000 parts is production?
That's 55 units per part.
That's not PRODUCTION.
Thats r&d and small lot.
Looks like a bigger order may be brewing.
Lotta factories full of printers with Materialise hardware and software installed ready for an update.
Plenty of DMG Mori machines looking for an upgrade.
Plenty of new DMG machines being installed
Plenty of EOS machines looking to move into production.
Plenty of Additive Industries machines being ordered as the company grows exponentially YoY.
Production deployment imminent.
Sigma Inside.
Do DD
Glta
Kinda hard to install software when you don't have a contract signed.
Initial contract for Rapid test and evaluation signed 2019, secondary signed in September of 2020.
2019 was Testing and evaluation
2020 was for "INITIAL PRODUCTION DEPLOYMENT"
Comprehension is key here.
Sigma Labs, a leading developer of quality assurance software for the commercial 3D printing industry, has been awarded a contract for an initial system by a leading global energy technology provider, to begin production deployment of PrintRite3D® in-process quality assurance software, following a successful Rapid Test and Evaluation (RTE) program. The extensive evaluation process involved running PrintRite3D® on an EOS single laser machine and a SLM dual laser machine. The customer's engineers worked in collaboration with Sigma's engineering team to address issues specific to their application of the PrintRite3D technology.
The conversion from our RTE program to beginning production deployment is a testament to the traction our enabling technology is garnering in the additive manufacturing industry," said Mark Ruport, Chief Executive Officer of Sigma Labs. "The customer is a well-respected industry leader known for their innovative technology and superior service. We look forward to working with their additive manufacturing team to drive improved and serial printing quality on their production lines."
This contract follows a recent announcement by Sigma Labs regarding the sale of an initial production system to Mitsubishi Heavy Industries. Both customers have aggressive additive manufacturing initiatives that will provide them with the flexibility to address the on-demand production of critical metal parts. According to The Wohlers Report 2020, the 2019 additive manufacturing (AM) industry consisting of all AM products and services worldwide, grew 21.2 percent to $11.9 billion and is expected to grow at a compound annual growth rate (CAGR) of 27.8% from 2020 to 2027. Increasing penetration of metal 3D printing owing to greater design flexibility, low waste, and cost effectiveness in the overall manufacturing landscape is estimated to be a key factor driving the market.
I see the attempt to paint a different picture than reality, but the above is reality.
https://ir.sigmalabsinc.com/news-events/press-releases/detail/263/sigma-labs-awarded-contract-by-major-oil-and-gas-services
Sigma inside
Do DD
Glta.
Sigma customer Baker Hughes making big moves in AM, including a digital platform to store and share AI data.
through the company’s various AM facilities around the world – and visit the enormous Nuovo Pignone facility in Florence, where BH is conducting many of its R&D activities for AM (which are shared with the AM production facilities in Northern Italy, Texas and Germany).
We found a refreshing enthusiasm and a clear vision of what AM can bring to the energy industry. This enthusiasm is not uncommon among large firms that have begun to realize the promise of AM and it is now becoming less uncommon in the energy industry as well. In this segment Baker Hughes has been pioneering some impressive applications: the company now has over 450 AM parts in production and over 25,000 parts 3D printed to date. This rate of adoption is comparable and even superior to many leading aerospace AM users.
Beyond drills and turbines
The best-known current applications for additive manufacturing in the oil & gas segment are for downhole (upstream) applications, such as drill bits, and for in-land power generation applications, such as gas turbine components (nozzles, injectors). BH showed off both of these types parts, which are already in production: a custom drill bit produced by adding metal using a DED process to a casted core, and a set of nozzles and inserts for its aeroderivative turbines, produced using metal PBF technologies. In general Baker Hughes leverages DMG Mori’s Lasertec 65 system for DED and a set of different metal PBF technologies which have included EOS, SLM Solutions and, recently added, Renishaw (RenAM 500) systems.
https://www.google.com/amp/s/www.3dprintingmedia.network/baker-hughes-am2020/amp/
https://www.google.com/amp/s/3dprint.com/275658/oil-giant-baker-hughes-and-wurth-to-offer-3d-printing-and-digital-inventory-services/amp/
According to this paper written in 2018, Sigma Labs tech answers all of the problems identified by Baker Hughes just two years ago.
PR3D can solve the exact issues they identified, and PR3D has been proven to be able to handle the tasks of qualifying multiple machines regardless of OEM.
PR3D can qualify printers and the process by providing 3rd party data of the necessary components to document, as per the recently released standards.
*Qualification and Certification: The qualification of AM process and certification of AM
structural components are critical to adoption of AM.
*The development of industry
specifications and standards for AM processes and AM processed alloys is an immediate
need. Currently, there is build-to-build variability, inter-build variability, and machine-to-
machine variability of AM parts that causes a significant barrier to the qualification and
standardization of the process.
*The oil and gas industry adheres to stringent rules and
standards as a means to mitigate risk. Lack of approved standards from major certification
agencies is a significant barrier to the acceptance of AM.
However, the process to develop
and establish standards is still underway.
The corrosion of AM metallic parts and
application of AM to sour service are being investigated and documented by several
research groups [8], [9], and [10].
The significant obstacle to the widespread adoption of AM within the industry is the lack
of certification and qualification standards.
However, the industry is making continuous progress
to develop and implement these standards to accelerate adoption of AM.
In other words...calling of a funding since April has been a costly error.
Stock up 72% in that time frame.
From $2 to current +$3 is a nice gain for most people
Couldn't imagine sitting and waiting for a drop to $2 all year, doesn't seem like an active investing strategy, more like a doom and gloom mindset and missing out on money to prove a point of some sort.
Even if a offering occurs tmrw, would have been an easy opportunity for a great gain.
https://www.google.com/url?sa=t&source=web&rct=j&url=http://utw10945.utweb.utexas.edu/sites/default/files/2018/039%2520MetalAdditiveManufacturingintheOilandGasIn.pdf&ved=2ahUKEwizgLChlfbtAhWRbs0KHT8vBvQQFjAAegQICxAB&usg=AOvVaw3NVfXpzKEhcEttoMWh3e_D
All sources for conclusion by industry professionals provided in text above.
All ideas presented based from industry professionals opinion on current state of AM industry and the future of AM
Sigma Inside
Do DD
Glta
Sigma Labs Customer Mitsubishi Heavy Industries has big plans for aerospace AM production and MRO activity to begin "2021 and beyond"
Japan and US strong relationship.
Interesting that DMG Mori is also a customer from the same region.
Could easily be a large collaboration with all three companies, DMG Mori, Mitsubishi, and Sigma Labs working together and creating a large network of AM uses.
The following is from Mitsubishi presentation on aerospace activity
Future Fighter
MRO business
H3 Launch Vehicle
? Entry into government maintenance work as private sector for
the needs of low birthrate and aging population
·Involvement of defense aircraft, etc. underway toward integrating
management of armed forces and in-house maintenance data,
contributing to maintenance streamlining
? Expand into MRO business for U.S. forces stationed in Japan
·MRO underway for equipment models common to Japan and
U.S. forces, in areas where MHI can use its own facilities
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.mhi.com/finance/library/business/pdf/ads2019.pdf&ved=2ahUKEwiP3dqws_LtAhUQAp0JHW5kDzAQFjACegQIChAB&usg=AOvVaw3rNR7rzVp9f0LvmQyACv_1
Sigma Inside.
Do DD
Glta
Pratt & Whitney GTF engines achieve world-class reliability
Pratt & Whitney accomplished this by taking advantage of the downtime afforded by the crisis, during which the company developed “quick turn” shop visit capability to incorporate product upgrades across a rapidly growing service network.
This year, the company announced that four new facilities would join the GTF MRO network: Aircraft Maintenance and Engineering Corporation (Ameco) Beijing, MTU Maintenance Zhuhai, OGMA in Portugal and China Airlines in Taiwan. Air India Engineering Services Limited (AIESL) was announced as a provider of maintenance services in support of GTF operators in India and the surrounding region. Additionally, two network facilities completed their first engine overhauls: Delta TechOps in the U.S. and EME AERO in Poland.
In 2020, the company also welcomed new customers to the growing GTF family. These included Aegean Airlines, China Express Airlines, Middle East Airlines and SWISS, which each took delivery of their first GTF-powered A320neo family aircraft, while Air Canada entered service with its first A220 aircraft and Juneyao Air began operations with its first A320neo aircraft
https://www.aero-mag.com/pratt-whitney-gtf-engines-23122020/
According to a recent webinar that was posted, the industry expert believed the MRO market was going to grow exponentially in the AM industry specifically for aerospace.
Considering parts for these engines utilize AM to produce, it is reasonable to believe these MRO facilities are or will be outfitted with a number of AM machines.
As the parts need to be produced near to the location in which they are needed to limit the downtime of planes, it is reasonable to deduce they will need to transfer data for verified parts. As the parts are also under stringent FAA guidelines, they will need verified printers and processes.
Nice verification of the growing industry and market for verified AM parts, especially coming from Sigma's customer Pratt and Whitney.
Sigma Inside
Do DD
Glta
Machine Learning: A Game Changer for Additive Manufacturing QA
The quality assurance process uses trained models selected from the model warehouse and Sigma production metrics to predict potential anomalies and you are now able to see how the components of the part/process quality decision ecosystem work together. When new designs and materials are used, the process cycles back to continually improve the ecosystem.
Because of the benefits in financial and time savings as well as future cost-effectiveness, machine learning will have a continuing positive impact both for individual manufacturers and AM/3D metal equipment providers, and will also benefit the entire additive manufacturing industry.
https://sigmalabsinc.com/machine-learning-a-game-changer-for-additive-manufacturing-qa/
Can't wait to see this process included in the DED market opportunity.
Big $$ in that sector of the industry alone, not to mention all the LBPF OEMs Sigma is already involved and in contracts with.
Long term $$
Sigma inside
Do DD
Glta
Who's been saying that?
My posts only share due diligence originally done by scientists and engineers in the field.
The only time I speculate on revenue is when I'm asked to.
I've never given specific PPS estimates within a time frame that weren't in line with what's occurring at the time.
If the progress reported of Sigma Labs business activities led you to believe it was going "thru the roof" that's a decision made by you, not the reporting of facts.
I've always said I believe in the future of the company based on their continuance of such great progress with their business relationships and products.
Never did I give out specific prices to which the stock was going to be within any time frame.
I always stated I believe the valuation of the company will increase, which over the past 2 years, it has continuously risen from around 5 million to now 18 million.
This is great for any shareholders who didn't make egregious investing errors on their own accord.
Only a few left in the red apparently.
Most doing well :)
Sigma inside
Do DD
Glta
Been hearing that since April
Do you have a new time frame or is it still going there "soon"?
Do DD
Glta
Not yet, hence the project with Northwestern to incorporate machine learning of thermal melt pool data to the DED process
Already installed PR3D on a DMG Mori printer do test and evaluate.
From there, it would be as simple as utilizing the Sigma Inside business model to exponentially increase implementation of the software across the DED market.
Oil and Gas industry big on DED
Automotive industry big on DED
Both are in the multi-billion dollar range in size .
5% capture would be significant for Sigma Labs.
Sigma inside
Do DD
Glta
Cool.
Best DD I've ever seen you do
Great work
Sigma inside
Do DD
Glta
Thanks bud, Merry Christmas to you as well.
Sigma inside
Do DD
Glta
No, it means those who aren't making aerospace parts, medical, or defense parts, who don't need to qualify every part, don't necessarily need the full version
Those who are producing automotive, oil and gas, and small lot manufacturing, who don't need to qualify each part, but need to qualify the process, might fit the capabilities of the less advanced version, instead of the more advanced version capable of machine learning thermal parameters to detect defects.
The industry professionals made this choice, I trust them over anyone on this board.
Sigma inside
Do DD
Glta
I agree . .buying and holding any start up company's stock from 2010 to 2020 is a terrible idea lol..
What an upstanding article you found with your tremendous DD skillz
A true scholar and discovery of facts
Hats off to the great work.
Sigma inside
Do dd
Glta
No, the valuation was previously at 5 million several times within the last 3 years.
It now sits at 18 million.
That's over 3x improvement over the past few years.
Sigma inside
Do DD
Glta.
Not true.
Importance of previous Sigma Labs announcement PrintRite3D for Directed Energy Deposition
I wanted to go over the individuals involved in Sigma's work with Northwestern, and the projects they have been working on, as it is essential to understand the furthering into the DED market, as well as complete autonomous real time corrective behavior of a print.
Northwestern Initiative on Manufacturing Science and Innovation (NIMSI) and Center for Hierarchical Materials Design (CHiMaD) have already done previous work with DMG Mori, NIST, and Siemens.
DMG Mori
NIST
Siemens
NIST and Siemens both happened to be in the latest ASTM ASME standards call, along with Additive Industries and others.
All have been working on the allowance for in-process data modeling to be included in standards of part qualification.
The following study describes how this data could be used in a DED process.
In a study by Northwestern regarding x-ray imaging in a DED process, it was concluded as follows, regarding being able monitor the melt pool enough to be able to control the process and alert the machine if parameters were becoming askew during a print.
"Future work that investigates the
infuence of carrier gas pressure and velocity is required to capture the phenomena in more representative DED processing. ***Coupling high-resolution thermal monitoring can also aid in further understanding of cooling and
more specifcally, solidifcation behavior of the melt pool."***
10/22
SGLB Sigma Labs announced the newly formed partnership for the development and expansion of its industry leading PrintRite3D In-Process Quality Assurance technology for an application to powder-blow Directed Energy Deposition additive processes.
Sigma Labs has developed the hardware and software and will validate the technology in partnership with Northwestern University, who acquired the first PrintRite3D DED system.
The beta system will be installed onto the customized open-architecture DED system, named Additive Rapid Prototyping Instrument system located at Northwestern's Advanced Manufacturing Processes Laboratory.
Northwestern has done extensive work in machine learning as well (as found on link PDF) This could easily bridge the gap for IPQA to be recognized as absolutely vital to correct defects in real time in Powder Bed Fusion as well as DED.
Any movement into the DED market would exponentially increase Sigma's target market, as it has mostly been based off of PBF based technologies.
The study quoted above was completed at the beginning of 2019, and is posted below.
https://www.nature.com/articles/s41598-018-36678-5
http://ampl.mech.northwestern.edu/docs/am_overview_2019.pdf
Sigma inside
Do DD
Glta
DMG Mori AM Machines to Integrate Sigma Labs QA System, With IN4.OS as First Customer
There are 0 comments | Post a comment
Wednesday, December 23, 2020
DMG Mori has selected Sigma Labs Inc.’s PrintRite3D as the preferred melt-pool-monitoring system for its Lasertec SLM machines, and Sigma Labs officials report that manufacturer IN4.OS will be the first customer for the newly integrated quality-assurance (QA) and 3D-printing solution. Engineering teams from both companies reportedly have worked extensively to ensure that the combination meets the needs of industrial manufacturers utilizing DMG Mori’s family of metal 3D printers. DMG Mori will be providing an interface with its printers to ensure that the systems are PrintRite3D ready.
"Sigma Labs' PrintRite3D is a crucial component of making additive manufacturing (AM) mainstream for critical manufacturing and delivering qualified products," says R J Singh, IN4.OS CEO. "We look ahead to ushering in a new era of American manufacturing with our strategic partners, Sigma Labs and DMG Mori."
https://www.3dmpmag.com/magazine/article/?/2020/12/23/DMG_Mori_AM_Machines_to_Integrate_Sigma_Labs_QA_System,_With_IN4.OS_as_First_Customer
Sigma Labs news hits 3DmpMag
Always nice to see good news spread on the world wide web.
Latest increase has been a nice end of the year and hopefully a sign of things to come.
Great work by Sigma Labs this year.
Sigma inside
Do DD
Glta and Merry Christmas :)
Lockheed obviously saw Aerojet Rocketdyne doing business they wanted a part of.
Part of Aerojet Rocketdyne's business was using AM metal parts for their rockets.
Sigma Labs was previously used to help them qualify their parts and process.
These are facts.
Zero speculation.
Sigma inside
Do DD
Glta