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It opens SGLB up to qualifying parts for another type of additive manufacturing so we were doing laser powder bed fusion but now Directed Energy Deposition as well. Pretty cool!
Yes, It's definitely interesting that Morf3D (a company we loaned money too and collaborated with) is working with Siemens. At one point, I was certain that SGLB would merge with Morf3D; however, that did not work out.
I think that it's for the better for SGLB. It's interesting though, how so many companies are doing collaborations to get the AM industry into full scale production.
El_Jefe,
Thanks for keeping us posted on the patents!
Train,
I agree. Must be some more news coming out?? Guess we'll find out tomorrow morning?
Glad that I'm not the only one who thought that was more than just a coincidence!
D&S,
Yes. I certainly did fall in love way to early and have been a diehard Long investor. I realize that I did so at own peril. I listened a little too much to management predictions back then. I'm still very hopeful that SGLB will execute on being the defacto standard. I certainly convinced a number of folks to buy-in; thus, I need SGLB to be successful in the long term. Anyway... It's great to see that many have weathered the storm over the years here. Wishing the best to ALL!
I wonder who brought about 300K shares near end of day yesterday?
D&S,
Thanks much for the post. It's good to see SGLB's strategy slowly taking shape. I'm looking forward to continued initial production contracts with more companies and then on to multi-unit production sales. SGLB is chugging along.
Agreed!
Thanks TedJ.
I appreciate that update you posted. I listened to the web presentation a second time. That Baker Hughes first production purchase went in and out my ear the first time.
T&L,
Thanks much again. Much appreciated. This NIST paper confirms that companies still have a ways to go. I agree with Capt. Smith about pg. 14.
Happy Birthday to you Kanya! Wishing you a great birthday week and great fortune with SGLB! You've been here for longer than me and I came onboard summer of 2013! Wish you the Best!
I'm looking forward to SGLB and MTLS getting the closed loop figured out soon. There are more companies entering into SGLB's printer agnostic in-process monitoring space.
https://www.additivemanufacturing.media/news/authentise-addiguru-partner-on-integrated-in-process-am-monitoring
T&L,
Wow! Thanks again. I see that Doug Wells is still on board! Awesome to see him still there. He's known about SGLB for quite a few years. It's nice to see SGLB still plugging away and working with one of the leaders in standards. Thanks much again for sharing! You're a great contributor to this board. Great stuff! I recall Doug Wells from that Dec 2014 NASA presentation on Non Destructive Evaluation of Additive Manufacturing. It is nice to know that SGLB is continuing to assist with those standards!
T&L,
I'm looking forward to an announcement of PrintRite3D production sales with Airbus. It would be wonderful!
Thank you Diogenes. I agree!
T&L,
Thanks again. I'm looking forward to learning about the details; as, it states in this video. Hoping that this will lead to MetalFab1 customers going with PrintRite3D inside.
T&L,
Yes. I agree that it's been a trip. It seems the MetalFab1 was PrintRite3D certified three years ago when it was listed as an option to buy for MetalFab1. I guess it's the quad laser that makes it news worthy?
I'm a bag holder. I'll admit it but just kept getting sucked in by CEO statements and these articles over the years. Sigma Labs management
has not been able to successfully anticipate any decent sales revenue for years.
T&L,
Thank you very much for this post.
T&L,
Thanks much. The bulk of my purchases were in the first few years; thus, my breakeven would be in the mid 80's. Still holding my very large bag; thus, I'm not going anywhere as I still believe it just takes the couple production run purchases and SGLB will rocket. I figure if SGLB can go to seven bucks on just an R&D purchase then it will go crazy with actual production run announcements. The first couple of production run announcements may create a snowball effect with more companies deciding to jump onboard.
I decided to go all in with sglb and kept buying sglb figuring the turnaround was happening any moment based on what the CEO was saying at the time. I know Huge error on my part for trusting the CEO's. Anyway, I still believe that the technology has a strong chance to be relevant but only as long as the Fortune 500's continue to dabble with SGLB.
I think the release of the automated closed-loop PrintRite3D version that MTLS is working with SGLB will be the key. I look forward to the run-up after that announcement and the several contracts that I anticipate will come soon thereafter. JMHO
T&L, Thanks much for sharing this DD. I appreciate it. I'm remaining hopeful; as, I'm so incredibly far down on this investment that it's embarrassing to admit. Still waiting for the turn around. It's been a very long seven years of averaging down. Oh Well. Still hopeful that SGLB will rocket up like TSLA over the next several years.
Excellent news indeed! I'm still waiting on those production run contracts that are supposed to be coming. We need those and we'll really be off to the races. This contract reminds me of the one with Areojet Rocktdyne and Siemens. It's still for development and qualification but heck I'll take it!! GO SGLB!! Let's get some more coming!
El_Jefe, Thanks much for keeping us posted. It's great to see the IP getting all these patents. I think just the patents alone add much value to SGLB.
Visionary,
Thanks for the link! The tech continues to look amazing! I can't wait for the contracts to come. I'm hoping that the production ready closed loop PrintRite3D will be the catalyst to drive sales.
Yeah. I agree. I think the is the earliest that I can recall SGLB having a quarterly reporting.
TedJ,
Thanks much for the update!
Yes. It is quite disappointing. I wish SGLB management could give a fairly accurate timeline of sales for once. It looks like Mark is the third CEO to miss the mark on sales predictions. Guess we'll see when the 2nd quarter numbers come out. C'mon SGLB! Let's give the LONGS some great news with sales attached to it. The LONGS have been waiting a very LONG time!
Yes. I seem to recall that Mark was anticipating an order this 2nd quarter that was delayed in the 1st quarter due to COVID. We have a week left so fingers crossed.
SolMastrMnd,
Thanks much for the post. Looks like we still have quite a ways to go toward addressing AM industry's issues.
It's definitely good to close at 3. I hope that SGLB can maintain above 3. Maybe we're starting an upward trend?!
SolMAstrMnd,
That's even more reason to have the party then. You've been invested here a very LOOOOONNNGGG time like myself. It would be wonderful to have a SGLB party and meet some of the Longs. Good Luck to Us ALL. C'mon Honeywell, Baker Hughes, Siemens, Rocketdyne, Woodward, Aerospace, and others. Let's get those contracts rolling along with the pps!
Yes! That is my new target for the SGLB party!
Z,
SGLB was mentioned in an article on Marketwatch and prnewswire. It seems like maybe we got a little bit more exposure. I'm hoping that the Airbus RTE 2 deal is completed soon to maintain momentum.
https://www.prnewswire.com/news-releases/3d-printing-plays-vital-role-in-new-normal-301061363.html
NEW YORK, May 19, 2020 /PRNewswire/ -- COVID-19 has disrupted every aspect of life, accelerating changes in everything from simple daily tasks to traditional key business models; citizens worldwide are preparing for a new normal. In addition to vast social ramifications, the fallout from the COVID-19 pandemic has exposed the fragility and complicated nature of both manufacturing and supply chains as well as their susceptibility to disruption from disease, political unrest, or natural disaster. Out of necessity, manufacturers in the new normal will build factories much closer to where critical parts are needed, reduce the human workforce, and rely more on software and efficiency technologies like 3D printing. At the epicenter of this sea of change is Sigma Labs Inc. (NASDAQ: SGLB) (SGLB Profile) with its revolutionary patented technology that detects and identifies defects and anomalies in real-time during the 3D printing process of metal, paving the way for scalability and economic efficiency. Amazon.com Inc. (NASDAQ: AMZN) has created a blueprint for consumer supply chain evolution, proving the importance of bringing outputs closer to where they are needed. Microsoft Corporation (NASDAQ: MSFT) has turned its software prowess toward 3D printing in a consortium that has created a modern manufacturing 3D printing file format, 3MF. For additive manufacturing, this new format replaces older file formats and eliminates many interoperability issues. Software behemoth Autodesk Inc. (NASDAQ: ADSK) makes a broad range of 3D software tools, essential for rapid prototyping and industrial manufacturing, for almost every industry. Engineering simulation software from ANSYS Inc. (NASDAQ: ANSS) allows innovation to flow smoothly through design, testing and into 3D printing manufacturing. Software and technology are becoming increasingly important as the world grapples with how to reinvent social interaction and commerce in the post pandemic era.
Click here to view the custom infographic of the Sigma Labs Inc. (NASDAQ: SGLB) editorial.
3D Metal Printing: The Promise and Challenge
Almost daily news reports attest to the speed, agility, and efficiency of 3D printing to create and deliver desperately needed healthcare equipment and devices. Additive manufacturing (AM) is proving in real time that it speeds production, allows flexibility, and brings new ideas to market quicker at lower cost. Though 3D printing of plastics and polymers has moved easily into the mainstream, and home printers now sell for under $300, 3D metal printing is proving to be a horse of a different color. Commercial 3D metal printing is gaining vital importance in the entire global manufacturing sector—yet the efficiency it yields is not without challenges. A myriad of variables from machines to materials create production hurdles in metal additive manufacturing. 3D metal part manufacturing continuously welds 10- to 30-micron layers of powdered metal together with a laser to sculpt a final three-dimensional product. Like something from science fiction, a machine is actually creating the metal of a part while simultaneously forming the shape of the part. As amazing as this process is, metal additive manufacturers lack any assurance that each newly formed part meets precise specifications in every 10-micron layer of a 3D part. As a result, 3D metal printing manufacturers have been forced to rely on costly and time-consuming post-production inspection techniques such as CT scan inspection—which are effective, but also extremely costly.
To meet the supply chain demands of the new normal, achieve high quality volume yields and slash post-production inspection costs, the quality assurance problem in 3D metal manufacturing requires a solution. Third party in-process quality assurance is critical to the adoption and acceleration of metal AM and imperative to adaptation of the new normal of global manufacturing.
Sigma Labs' Solution
With its patented PrintRite3D(R) software, Sigma Labs Inc. (NASDAQ: SGLB) presents a solution to the costly quality-control challenges that impede the volume manufacture of precision 3D metal parts. In doing so, Sigma Lab's software could easily become indispensable in the global efforts to meet the manufacturing challenges of post COVID. The company's breakthrough software has the potential to bolster and broaden commercial metal additive manufacturing by enabling for the first time cost-effective, non-destructive quality assurance during the production process. PrintRite3D(R) is the leading technology in identifying and classifying defects and anomalies in-process and allows for errors to be corrected in real-time—even remotely.
From its inception by scientists at Los Alamos, Sigma Labs has led the world in developing software that addresses serious quality assurance issues in metal additive manufacturing and has become the leading provider of in-process, quality assurance software to the commercial 3D metal printing industry. Sigma Labs' breakthrough software looks to be the missing element to fully enable commercial additive metal manufacturing at scale. The company has rocketed from beta development and third-party validation of efficacy to engaging multiple beta customers with some of the biggest names in industry, to use in prestigious universities and R&D institutes, and now to commercialization in an untapped market estimated at over $2 billion dollars.
Sigma Labs has surrounded its IP portfolio with 34 issued and pending patents both domestically and across the globe. These patents encompass the fundamental technologies underlying Sigma Labs' melt-pool process control, data analytics, anomaly detection, signature identification and future closed-loop-control of 3D metal printing.
Many believe that Sigma Labs' PrintRite3D(R) is the singular solution the additive manufacturing industry needs. The company's patented PrintRite3D software integrates inspection, feedback, data collection and critical analysis into a unified platform. Unheard of before in the industry, PrintRite3D uniquely leverages thermal signatures to monitor the quality of each product part in the production process, layer by layer and in real time. This allows operators to correct or stop production of a defective part, even remotely, which results in reduced error rates and higher yields and scalability. This incredibly sophisticated and powerful technology may play a key role in the new normal post-pandemic era.
Confluence of Opportunity and Circumstance
3D printing was already posting an astounding CAGR of nearly 30% before the world was beset by this virus, and with the impending shifts in supply chain strategy, it's hard to imagine that 3D printing won't expand at even greater rates. The Fourth Industrial Revolution has been underway, and 3D printing remains at the forefront of the $100 trillion-dollar technological transformation, accelerating the confluence of digital, biological, and physical innovations across the planet. The circumstances of this virus will only expedite industry and societal adoption of these transformations.
Sigma Labs enjoys a significant technological lead with formidable barriers of entry, which effectively impedes any potential competition. The company has established strategic partnerships, surrounded the IP with patents and is laser focused on the opportunity ahead. Interestingly, Sigma Lab's unique business model accelerates both revenue growth and profitability in direct correlation to the explosive industry growth of additive manufacturing. Sigma Labs' technology is a critical component in a major disruptive industry and has been validated across all major customer segments. Sigma Lab's functionality and coverage of 3D printers as well as the depth and breadth of its market footprint are as yet unmatched in the industry by any other third-party solution. The company has identified an addressable market in 2021 -2027 of approximately $2 billion and is well on the way to achieving its strategy and mission statement to accelerate the adoption of AM and become the de facto standard for third-party in-process quality assurance of metal 3D printing.
As suppliers continue to seek ways to improve the efficiency of their supply chains while maintaining a strong bottom line, potentially moving production centers closer to distribution outlets, 3D metal printing's capability and promise have the potential to resonate with industries of all kinds. Sigma Lab's revolutionary software could prove crucial to reducing time and cost of product development, qualification, and post-processing quality assurance as factories of the future respond to the challenges of the times.
Business in the New Normal
Amazon.com Inc. (NASDAQ: AMZN) has already done much to change the shape of supply chains. Its movement of distribution centers closer to the consumer reflects some of the benefits of 3D printing by producing products closer to where needed. This has allowed Amazon incredible efficiencies, leading to next-day, same-day, and even two-hour delivery of products. Its efficient delivery service has made Amazon a critical resource for many during the COVID-19 crisis.
Software giant Microsoft Corporation (NASDAQ: MSFT) has extensive experience with supply chain interruption and 3D printing, even before the virus made its presence felt in the United States. Microsoft was hit early on by the effects of the virus in China and the measures needed to control it. Microsoft also invested in the technology several years ago, indicating its confidence in the potential of 3D printing in manufacturing.
Autodesk Inc. (NASDAQ: ADSK) describes its work as making software for people who make things. The company makes a broad range of 3D software tools for almost every industry, essential for rapid prototyping and industrial manufacturing. Its recent alliance with Aurigo Software provides integrated solutions for the design, manufacture, and production of everything from towering skyscrapers to tiny gadgets. One of six companies creating the Large Additive Subtractive Integrated Modular Machine (LASIMM), one of the world's largest hybrid manufacturing machines, Autodesk is rapidly bringing 3D printing up to industrial scale across multiple components and sectors.
ANSYS Inc. (NASDAQ: ANSS) develops multi-physics engineering simulation software for product design, testing and operation. By simulating the performance of products under stress, its software exposes weaknesses in designs, significantly reducing the time and cost involved in bringing production online. Using its products for a complete simulation workflow can help companies move additive metal production from R&D to successful manufacturing operations. Sigma Labs looks to integrate its QA software with ANSYS's simulation software, to further improve this workflow.
As the world continues to witness the disruption of traditional business models due to the fallout from COVID-19, technological innovations will play an increasingly important role in adjusting to the new normal.
For more information about Sigma Labs, visit Sigma Labs Inc. (NASDAQ: SGLB).
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Great move up today on strong volume. Let's see if we can keep it going. All we need is that Airbus announcement and maybe we can breakthrough to 3 bucks.
Anyone attending the call? Starts in 3 minutes.
Toll-free replay number:
1-844-512-2921
International replay number:
1-412-317-6671
Replay ID:
13702566
Train,
I hope that some news of revenue is coming before the shareholder's meeting. If we actually get a production run contract then I'll feel a lot better about voting FOR the increase of authorized shares from 8M to 12M. My percentage of ownnership in SGLB continues to decline. I know I voted FOR it all those years anyway but it would be nice if a couple production run sales came along with that. Fingers crossed..
I ask myself when will industry finally be ready for PrintRite3D? I hoping sooner than later. I just saw this article that mentions the need for faster AM printers and of course validation. Here's part of the article
Thanks T&L,
I like this part
Just listened to the webcast. Still anticipating increasing revenue quarter after quarter. Keeping my fingers crossed for a revenue announcement this quarter. Nice to see PrintRite3D is installed on quad laser printers. Let's GO SGLB!