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I am shooting for $4 dollars a share in a couple of years. Will have to do a R/S though because we have a lot of shares right now. Hope you are right though.
http://blog.grabcad.com/blog/2015/05/26/additive-manufacturing-goes-mainstream/
Good read in general. I read this and similar articles and cannot help but think sglb is a big part of the solution. Also GE showing other companies how to set up the supply chain (with sglb products) is important to this as well.
GLTA
Good to see you back Goldie place has been the same without you
This really caught my eye agnostic to materials that opens up a whole spectrum of opportunities
Thanks JJ not much info but still pretty cool. You may not be able to answer this but just thinking out loud, do you think Addlab can compete against eos, and other big printing oems who have a lot more r&d money.
Thanks for all your technical info it is really appreciated by those of us who are not engineers but excited about this field.
GLTA
http://www.ed.nl/economie/eindhovens-systeem-3d-printen-op-beurs-in-vs-1.4934151
Translation below .
EINDHOVEN - The Eindhoven Additive Industries said Tuesday its first complete 3D metal printing system introduced. Director Daan Kersten revealed during 3D Rapid scholarship in 2015 in Long Beach, California, the name of its first product: MetalFAB1.
According to Kersten's first system, which make automated manufacturing parts with 3D printers, end delivered this year. The Additive System Industries, a company established in the region at the initiative of eight supply companies, should make it possible to actually convert existing 3D metal printer for production purposes. "We make our system 3d metal printers, which are currently used in laboratories or just for making prototypes, can be efficiently used in the production.
High demands
It should be met high industrial requirements in terms of accuracy and reproducibility of the parts. At the same time the advantages of 3D printing, especially the flexibility to change to make parts, are fully exploited, "said Kersten.
Additive Industries has built robot taking over the operations needed to prepare a metallic printing and finishing. With 3D print files that are generated for components from design programs, can move the system with little human intervention to production.
Thanks Chef.
Totally agree, I really appreciate everyones efforts here, I don't like to just hear only good things, I am continually looking at Alcoa and Aerojet and other companies activities etc, because they could be potential partners for sglb.
I was more asking what a late filing means in general, does this typically mean the company does not have their act together or is this a common thing?
So far Manhattan and Allotrope have been missing in action to me, as an investor I look at it as if anything comes out of them it is just icing on the cake, not really invested because of those connections.
But I am glad Chef posts these things so we can stay up to date on the goings on at these companies.
GLTA
What do you think that means? Only thing I noticed is that there office is in the Chrysler Building, expensive zip code.
Thanks for all of your info Chef.
I apologize my question was a bit off topic but saw the following news about Fonon entering 3d market, from there website they work with GE, Ford, etc. some big players and they are on the OTC market.
http://www.businesswire.com/news/home/20150518006407/en/Fonon-Corporation-Announces-FUSION-Technology-Company-Officially#.VVpUGPlVhBc
Just asked because curious if anyone here has heard of them.
So pricing revenue question I am still unclear about. To purchase printrite3d suite and license costs about $500,000 per machine (maybe a little more or less). What is the price for the second year, is this just a license and would that also be $500,000. Just trying to calculate ongoing revenue for company. Sorry if this is obvious to others.
Thanks
GM. I was too busy to listen to the CC live but have since and I am very happy to see the interest by institutional investors, i.e. Oppenhemier this time, on the call, this makes me feel that we are not alone in recognizing the potential of the company.
Thanks to the investor who asked the lock step question, I proposed this last week and thank whoever asked. Thanks again to all on this board for the info.
I was a little concerned about the programmatic talk on revenues, just because this means less revenue and longer timing to complete. However when you are in a developing industry this is what it takes, and we are in with all the right players in these programmatic endeavors, Honeywell, GE, DARPA, EWI, etc.
Still holding and adding on pullbacks.
GLTA.
Update of last post, it could just be a standard print file when you get the EOS machine
http://www.eos.info/additive_manufacturing/for_your_individual_design/challenge_complex_geometries
http://www.additivemanufacturinginsight.com/articles/medical-benefits
Look at the round printed objects in this article then look at what sglb made for their open house.
I have no idea what this implies business wise, but they look like they are printing medical implants
http://us5.campaign-archive2.com/?u=fd265501733dcfda43571dbb5&id=7e1c539cab&e=f2be9874fa
Also if you blow up these images you clearly see i3dmfg that others pointed out early.
Slow day, but hopefully will crank up end of week.
GLTA.
http://www.news-journal.com/news/2015/may/10/3-d-printing-has-big-potential-in-oilpatch/
Interesting article hope we win contract for fuel nozzles with ge because this could open up oil and gas sector nozzles from this article.
GE Oil & Gas has already taken the first big step with plans to begin widespread production of 3-D-printed nozzles for its new NovaLT16 natural gas turbines coming out later this year.
Great questions I just have one I would like asked
Mark, would you still characterise our relationship with ge as being in lock step
The answer would be interesting.
GLTA
Thank J for the info. That is pretty cool that we are getting in on the ground floor of a new 3d printer. Are they planning on selling that printer to others after they develop it.
Thanks
Sounds like a Deform announcement, because on May 20th Mark is speaking at Rapid conference with Honeywell. Pretty cool.
One question for those on the board, it has been mentioned several times that Additive Industries is developing a new 3d printer that will incorporate printrite3d. My question is are they developing an entirely new printer or are they modifying an existing printer (EOS, etc) with there software and updates?
Thanks to everyone.
Forgot to add that is my WAG opinion.
Hi HL, I have thought the same thing but think it is a big advantage to have GE and Honeywell put in a little elbow grease into printrite3d. I think it is a genius plan (by design or not I don't know) because their material and software engineers will help sglb design and customize it for their needs, making it more likely they will purchase the product over the competitors. Will this come with a big discount, maybe, probably, I don't know, but I think it is better to become the market leader at a discount then to be on the sidelines when production gears up in a couple of years. These OEM's are currently the only game in town. I really think this was smart of Mark and Vivek to let them test drive and make improvements. I guess we will see what GE does this year and the pricing for the product.
GLTA.
Looks like GE is ramping up hiring for additive manufacturing here is one of the jobs https://xjobs.brassring.com/tgwebhost/jobdetails.aspx?partnerid=54&siteid=5346&jobid=1236199
I know this seems a little hokey but when I first invested and saw that Mark was educated at Ohio State and Greg Morris was from Ohio I was more convinced of the connection . As a scientist myself who has worked around the country all be it in biology when I meet a fellow u of iowa graduate or from iowa at a conference there is an immediate connection. We sit down have a beer and talk football, science, etc. Also Vivek's connections with aerospace and adurant technologies CEO in the military I see connections. Business is about money and also about trust, when you know where someone comes from you are more apt to trust them. This maybe total bs but I have witnessed the power of these networks in my career. That is why when I saw additive industries in the same pic as ge it just reaffirmed to me that we are in the right club.
Hi all,
Another award for ge fuel nozzle but what I like the best is the picture on top with additive industries guy giving the award to ge. Both are partners with sglb. If we can continue to stay ahead of competition and stay in this club we could make some great progress.
http://www.3dprinterworld.com/article/ge-aviation-receives-award-for-leap-engine-fuel-nozzle
http://ewi.org/events/191/amc-fall-meeting/
I was just looking at the EWI AMC group and saw the listed Sigma Labs on their event list. I am not sure how long this has been on their site but liked seeing it.
GLTA
http://additivemanufacturing.com/2015/04/17/sigma-labs-launches-3d-metal-printing-facility/
I did not see these pictures posted on the other pr sites maybe I missed them just thought was cool to see new pics
GLTA
Hello,
Looks like manufacturingbs company is basically a privately held sglb. This guy worked with Mark and Vivek and is on some of the patents. This worries me, cannot find much about this company so maybe it is not that big a deal.
GLTA
Hi Chef
Here is the LinkedIn for the president he worked with Mark Cola and others on this. This is weird, is this guy on the patents. Just started looking into this.
https://www.linkedin.com/in/manufacturingbs
GLTA
http://www.made-in-europe.nu/2015/04/is-nodig-om-3d-metaalprinten-productierijp-maken/
Sigma Labs in European article
Thanks JC. That is big. Pays to actually read the 10K I guess, thanks for updating us all. That to me basically says GE is using Sigma for their Fuel Nozzles.
http://www.i3dmfg.com/can-3d-metal-printed-rocket-parts-hold-up-to-stress-tests/
Does anyone know how long Aerojet has been using Signma products (just cannot remember when they started their partnership)? Could printrite3D have been used as part of their work here? Even if not not either way they seem to be excited about 3D printing.
http://www.nanalyze.com/2015/04/sigma-labs-continues-to-disappoint-investors/
I disagree with overall thesis of this article because it takes time, money, connections and rd not to mention industrial 3d printing is just starting to get a start up off the ground. It seems like they think new technologies should just take off. This is not an app or typical software it is developing standards and new ideas. However that being said there is some valid points in this article that as investors we need to be knowledgeable about.
GLTA
Totally agree, I am comfortable with my investment. I was just agreeing with RFB, which I do not always agree with him (especially on the IG stuff), on his assessment of the company. I believe he is pretty accurate, if we do not get printrite in with the big guys on some of these production runs we will not be doing great. Just reality, but I am pretty confident we are making inroads and have a shot at having "sigma inside" for these companies which would be amazing.
I agree with that assessment 100%. This is still very much a gamble, but their is enough connections with the big guys that keeps me hanging around and adding when I can.
GLTA
Has anyone seen how many machines additive industries will have
Thanks Dubs, I missed that, good to hear.
The delay on Deform Mark mentioned was out of their control, but it was not a software bug, this reaffirms to me that we are on the big guys time table. Just glad to be on their table at all. Any software guys here or others have a guess to what could have caused delay?
Hi T,
They confirmed they are still working with GE, Honeywell, and the EWI, America Makes. So I think they are getting companies interested but until someone starts to do serial production of parts we have a product no one really needs yet. One interesting thing I thought was Additive Industries will be installing PrintRite3D in there machines for production in 12-18 months.
Did anyone else think that the answer to the materialise question was a little iffy? Meaning Mark did not sound as confident with that relationship?
Overall seems promising, but kind of a waiting game.
JMHO