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We've had boeing's eye since early 2012. It's the reason I believe that GE decided to do the Joint Development with Sigma Labs.
http://sigmalabsinc.com/index.php?mact=News,cntnt01,detail,0&cntnt01articleid=67&cntnt01origid=15&cntnt01returnid=59
Sigma Labs has also achieved an important technical milestone in getting its IPQA – In Process Quality Assurance – technology approved for production on a new Boeing (NYSE: BA - News) manufacturing process that we believe will change the way aircraft structures are built. Mark Cola, President of Sigma Labs, noted, "Getting written into a production specification is a major breakthrough for us. Now that our IPQA technology is part of an approved production process for Boeing and can be used in lieu of traditional ultrasonic inspection, we plan to work with Boeing suppliers to implement our unique inspection method for this new production process. Furthermore we believe it will become an important part of producing Boeing commercial aircraft structures."
All good news as we are closer to commercialization everyday :)
I agree Dot + Dot + Dot + Dot = SGLB Success!!
Exactly as you put it Jeff. I believe that the hard work is mostly done!
Yeah, I certainly do recall that statement! I smiled a bit just thinking about SGLB's worth. It is becoming more apparent that there are many more AM applications to consider that will require Process Quality Assurance! Sigma Labs is undergoing quality assurance testing with some of the best engineers in the world who have the most rigorous testing requirements. They are working with NIST/America Makes to develop AM standards for this. Sigma Labs is working hand in hand with the Big Boys; thus, insuring that what they build will meet the requirements that GE/Honeywell as others need. Commercialization is gonna be great!
I agree SGLB a Great Investment! Thanks for posting this to remind new investors of what they hold. "One of the challenges we have is the quality side of things" "this becomes a very important and very big issue for us is what we call our In Process Quality Assurance" "GE for instance just recently signed a JTDA with Sigma Labs" quotes from Greg Morris video.
For those who are don't know or maybe forgot Well Sigma Labs has a patent for this "very important and very big issue" that process is called IPQA or In Process Quality Assurance.
Sigma Labs has been working with Greg Morris since at least 2012 when they signed a MOU with a company called Morris Technologies which was bought out by GE to be named GE Aviation.
Remember this Sigma Labs, Inc.'s Proprietary IPQA System was approved by Boeing for Aerospace Production.
http://www.b6sigma.com/index.php?mact=News,cntnt01,detail,0&cntnt01articleid=36&cntnt01origid=52&cntnt01returnid=59
Do not forget that The LEAP engine's fuel nozzles will be built using Additive Manufacturing (3D metal printing) and GE Aviation signed a Cooperative Agreement with Sigma Labs to develop in process inspection technology that is expected to increase additive production times by 25 percent.
http://www.geaviation.com/press/other/other_20130524.html
Please remember that money is already committed to GE Aviation to build these LEAP engines which GE Aviation is developing with Sigma Labs
GE Aviation builds engines for Boeing and has billions in orders for the LEAP engine.
http://www.geaviation.com/press/cfm56/leap-x/leap_20130617b.html
Now there maybe some who say that us longs are connecting way to many dots. LOL!! Well tell me of any investors who do not do significant DD to make assumptions that their hard earned funds are being placed into a good investment. Longs here are making assumptions based on real industry leaders expressing what they need to fulfill billions worth of contracts. Government Agency's such as NIST and America Makes have awarded Sigma Labs with contracts because of their existing technology and a quality assurance process that obviously works. https://3dprintingstocks.com/sigma-labs-sglb-wins-part-7-5m-nist-grant/ http://www.marketwatch.com/story/sigma-labs-inc-part-of-team-awarded-prestigious-america-makes-additive-manufacturing-project-2014-01-23 A process that has been tested by Fortune 100 companies for a number of years that is now months from commercialization. Longs know what they hold and are not letting go as rounder and others have stated. I remember just last year holding a significant amount of shares in an OTC company that went from .29 to now over 4 bucks this year and I got shook by all the naysayers after only doubling my investment. I personally will not make that mistake ever again. It was a huge lesson learned. Don't believe in me just do your DD and review the great DD of many fine folks on this board. Make your decision and stick by it. Best of Luck to all the board members here as I enjoy reading all of your posts from LONGS to Shorts as it only confirms that SGLB is on the right track. ALL IMO!
Yes, and this is what will win the court case and the gov't knows it.
To my point about more funding constantly being available for AM, just did a quick search
YBI, YSU awarded $500K to further additive manufacturing - See more at:
http://www.vindy.com/news/2014/jun/03/ybi-ysu-awarded-500k-further-additive-manufacturin/?nw
Additive Manufacturing Firm Raises $1.2 Million On Crowdfunding Venture Capital Site
http://3dprint.com/5054/structured-polymers-microventures/
GLTA!
Jackle, Excellent post. We are on the verge of an industrial revolution. AM is not going away. More funding is constatnly becoming available for AM and SGLB will provide the in process quality assurance that the the big boys like GE say is critical to advancing AM. Patience is key here and I'm with you and holding tight to my shares.
Thanks for your thorough explanation as usual Obit! It's difficult for a layman as I to decipher some of the legal jargon.
Hey jj! Are you still around? The board wants to know! Your great DD and input are missed.
Thanks for this post. General Electric's 3-D printed fuel nozzles makes use of SLS technology -- a testament that SLS can reliably manufacture highly intricate parts and can stand up to the stresses of being inside a jet engine. It is great to see how SGLB's PrintRite3D is a much needed solution and there is very little competition in regards to in process monitoring of laser sintering. Between 3D Systems, ExOne, and Arcam, 3D Systems is the only company that utilizes SLS technology in its direct metal line of 3-D printers, putting it in the best position to benefit as the aviation industry continues growing its reliance on 3-D printing This is a very reassuring article for longs. It should help more investors feel good about their SGLB investment.
GE 777X engine flying through wind-tunnel tests
Inside Boeing’s Seattle wind tunnel, GE is testing its forthcoming largest-ever engine, the GE9X that will power the 777X.
http://seattletimes.com/html/businesstechnology/2023717624_ge9xxml.html?cmpid=2628
I agree that by eliminating their consulting business Sigma Labs is focusing on their PrintRite 3D business. IMO this means that they have confidence in their upcoming product and believe that enough revenue will be generated to sustain and grow the company. I viewed it as very good news myself. I believe that contracts will be announced very shortly after commercialization. IMO GLTA
Member mark for you!
Jackle, I concur with your assessment. Greg Morris does state how important quality control will be. I'm feeling that SGLB in positioned very well to take advantage as industries understand how important precise duplication of product will become. Deform is the answer and I'm glad to be onboard this rocket before launch.
Stockmama, Thanks for the post. It was great to hear that the industry is still looking for better quality of 3D parts. Greg mentioned the 3D printed fuel nozzles again and spoke of a need for determining quality of the 3D parts and increased speed. Everything continues to be on track. IMO. There's really not much to do but maintain patience with SGLB. There's still a need for what PrintRite 3D has to offer.
Agreed. That 90K a year needed to be bumped up! His employees are most likely making more. The shareholders reward is coming with commercialization that is followed by orders.
Agreed. Some are looking for quick returns but us longs understand that patience will pay off.
Nice article. More evidence of how relevant PrintRite will be for manufacturing once it is commercialized! Long and strong! The shorties will not shake shares from my tree!
Sounds like a great plan to me! I appreciate all the DD on this board! Thanks for your contributions!
Can we all just get along and make some money?? GO FNMA GO!!!
Dip, Well said.
Matthew Bromberg, Pratt & Whitney's president of aftermarket, predicts that in the future, maintenance, repair, and overhaul (MRO) shops will speed up repairs and reduce stored inventory with additive manufacturing — shops will “print” needed parts. In an Aviation Week article, he says, “It will work. It will be efficient. It’s the way the industry will go.” The technology is in its early stages — only 10 years old — but its applications are expected to grow exponentially. General Electric is at the forefront of bring this capability to market and has reported a 25 percent weigh reduction in Leap nozzles, which they plan to move into full production with by 2015-16. While certification remains a hurdle, particularly for safety-critical parts, the issues are solvable.
http://www.bsminfo.com/doc/manufacturing-and-warehousing-news-april-0001
Rapid.Tech 2014: Additive Manufacturing in Aviation
Industry News, Educational, Software, MRO, Additive Manufacturing, Components
Specialist forum explores established procedures and applications as well as potentials.
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Manufacturing Group April 30, 2014
For the 11th time, on May 14-15, 2014, Rapid.Tech in Erfurt will be the meeting place for newcomers and experts, researchers and users to get to know and discuss the latest results, trends and opportunities of additive manufacturing processes. As part of this, the 4th “Aviation” specialist forum will enable participants from this field to have an especially deep exchange of knowledge and information. The two-day specialist forum, designed especially for applications and opportunities in aviation, is characterized by its meshing of lectures (simultaneously interpreted English and German) and practical exhibition.
Additive Manufacturing (AM) is one of the key technologies for the implementation of global trends such as Industry 4.0, sustainability, and individualization. “Additive manufacturing processes have already become partially established for the serial manufacture of components in aviation. The potential of the applications, however, has not yet been fully tapped”, reported Dr. Eric Klemp, Direct Manufacturing Research Center (DMRC) of the University of Paderborn and head of the “Aviation” specialist forum, which offers 13 simultaneously interpreted lectures (German / English) this year. The first two presentations, which deal with the importance of additive manufacturing in aviation, also emphasize this. In one, Stephan Eelman from Boeing gives an overview of the significant areas of application that have achieved sustainable success in technology development and product development at Boeing. He also explores the requirements with regard to the transfer of rapid prototyping to (serial) production, depending on the different manufacturing processes and materials.
In the second presentation, Georg Rayczyk, Liebherr Aerospace Lindenberg GmbH, presents a new approach to the additive manufacture of highly stressed hydraulic valve blocks using a selective laser melting process (SLM). The program of the specialist forum also includes presentations on different strategies and procedures for the serial production of modules and components, such as the manufacture of engine components using metal laser sintering at MTU Aero Engines and the use of the SLM hull-and-core strategy discussed by Dr Dieter Schwarze from SLM Solutions, among others.
Further presentations are concerned with future-oriented research strategies, for example RepAIR – European collaborative research for the use of additive manufacturing in aircraft maintenance and scenarios of potential changes to the MRO processes through the use of AM.
There will also be a presentation about the possibilities created by a new software application for the additive manufacture of grid structures. Another topic in the program is certifications in the aviation sector, as well as economic factors and influencing factors of additive manufacturing.
The Rapid.Tech specialist trade fair provides comprehensive information about the latest developments in materials, procedures and machines. “Additive manufacturing processes are becoming ever more relevant across multiple industries and are playing an increasingly important part in production processes. This is generating an enormous demand for information, as well as for an interchange of experiences and discussion”, reported Wieland Kniffka, Head of Messe Erfurt. “Rapid.Tech is setting standards here, with its mix of think-tank, knowledge transfer and an exhibition geared toward practical applications.”
http://www.onlineamd.com/rapid-tech-additive-manufacturing-aviation-forum-043014.aspx
Congrats Gary! What an honor man! I'm glad to have you on the SGLB board!
Wow! Thanks much for this post! This agreement with Honeywell is excellent news! The Deform has moved from development to beta! This is huge for me. The getting the part built correctly the first time every time is what I believe will be the game changer for Sigma Labs and IMO Deform is it! I just checked the web site and what do you know the datasheet in under development! Sorry if someone already noted this. I just love it when a vision starts to become reality! Everything is going according to plan! Muuuuaaaahhhahahaha!!! I'm feeling great to be among the the visionaries on this board! Our time is coming! Go SGLB!
Thanks much. I appreciate all your efforts with the question compilation.
Round3r,
That's much for this post. Great news and things are going according to plan. Heck maybe faster with Q3 commercialization. Did you hear anything about whether additional financing will be anticipated this year? Thanks again. I'm looking forward to great continuing developments!!
ok thanks I was looking at the Deform. Ok will revise my question to any additional financing anticipated this year.
If there is time. I'd like to ask if sigma labs anticipates the need for additional financing (ie. private placement) before commercialization in early 2015.
Yes true. Thermal news would be awesome to hear to. I'm just happy to hear them mention Deform. I'm hoping that it means Deform will move from development to beta phase soon!
Good to see you JJ. Your DD has been awesome! I agree that things are looking good and setting up for something beautiful!
Thanks for the post. I love it! Inspect and Deform are on track as well as commercialization! Good News keeps coming as all systems are on track to go!
Gary, Thanks much for the great insight and exposure you bring to SGLB!
I vouch for you Vulcan4. I know that you are long and strong on SGLB. I'm patiently waiting for the reward as I watch the events slowly unfold. GLTU and ALL!
I absolutely concur with you. I'm so glad to be locked and loaded Long SGLB!
LOL!! I hear ya loud and clear!
Agreed this is continued good news! This Joint Agreement has huge potential IMO! GO SGLB!
Agree with you! This is an investment that will be well worth it!
Much thanks to you! I appreciate you sharing your GE experience at the conference with the board. There are exciting times ahead indeed for SGLB!