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IMHO The real fireworks will begin after the closed loop has been vetted. Gotta remove the human element as AM skilled workforce is lacking.
Ya'll feel a bit better about your investment now? SGLB behind the scenes continues to make moves.
I see that Aerojet Rocketdyne acquired 3DMT. SGLB had a system installed at 3DMT and at Aerojet. Interesting how the AM industry is progressing...
Goodness! I agree. I'm betting on the stinking rich! That's a lot of freaking shares that he owns.
1) I don't recall SGLB ever saying that they stopped doing business with GE. Please post that.
I know that we are doing business with Baker Hughes who is a GE company. as they are listed on SGLB's site as a partner.
SGLB did not name them in this PR but...
SANTA FE, N.M., Nov. 13, 2018 (GLOBE NEWSWIRE) -- Sigma Labs, Inc. (NASDAQ: SGLB) (“Sigma Labs” or the “Company”), a provider of quality assurance software under the PrintRite3D® brand, has been awarded a Test and Evaluation program contract with a leading provider of integrated oilfield products, services and digital solutions for its new PrintRite3D® version 4.0 hardware and software.
https://www.globenewswire.com/news-release/2018/11/13/1650388/0/en/Sigma-Labs-Enters-Oil-and-Gas-Industry-Wins-Test-and-Evaluation-Program-Contract.html
From Baker Hughes website
Baker Hughes, a GE company (NYSE:BHGE) is the world's first and only fullstream provider of integrated oilfield products, services and digital solutions
https://www.bhge.com/our-company
2) Materialise Business Development guy liked what he saw with SGLB so much that he joined us.
On May 2, 2018, Markus Meidenstein joined Sigma Labs as the Company’s new Business Development Manager, Europe.
http://additivemanufacturing.com/2018/05/14/sigma-labs-expands-business-development-in-europe-welcomes-markus-meidenstein/
3) Here's Why the DARPA Phase 3 is so HUGE for SGLB
https://www.acq.osd.mil/osbp/sbir/solicitations/sbir20163/darpa163.html
SB163-004TITLE: Real-Time Metrology and Feedback Control for Additive Manufacturing
PROPOSALS ACCEPTED: Phase I and DP2. Please see the 16.3 DoD Program Solicitation and the DARPA 16.3 Direct to Phase II Instructions for DP2 requirements and proposal instructions.
TECHNOLOGY AREA(S): Materials/Processes
OBJECTIVE: Develop a real-time system for active feedback control and process characterization of multi-material additive manufacturing.
DESCRIPTION: Current 3-D printing systems can be used for a variety of applications and on-going research is allowing for more complex products with different material properties and uses. With this expansion from single- material to multi-material printing provided by several on-going DARPA programs, there is a need within industry and the DoD for a real-time metrology system and inspection platform. This could significantly increase the quality of printed parts and reduce the risk of critical print defects.
Most current methods rely on scanning the printed product upon completion of printing rather than scanning in real- time. Systems monitoring printing processes while printing currently exist but are often limited to one material.
Increasing the number of materials poses several unique metrology requirements. The materials have different optical properties which can make it difficult to scan large areas rapidly while maintaining high resolution. While scanning, the data generated from the platform should also be used in characterization of the process and feedback control of the system. The feedback control should serve to ensure fidelity in the print geometry, guarantee adequate interfaces between adjacent materials, and be able to adapt to different classes of materials for additive manufacturing.
The software package associated with the hardware should enable scan data to be processed efficiently in or near real-time. The feedback method should be robust to the printing process used and be applicable to different printer systems.
A successful platform will address these requirements in an integrated hardware and software package that can be efficiently embedded into a new or currently existing additive manufacturing system.
PHASE I: Design an in-situ metrology system for geometry monitoring and closed feedback of additive manufacturing processes for multi-material printing. Determine key requirements and establish performance metrics for evaluation. Define an embedded, data-parallel software processing pipeline and architecture that satisfies the process requirements. Investigate and define candidate feedback control strategies. Implement a basic prototype system that demonstrates operating principles and fundamental performance capabilities.
Required Phase I deliverables will include a final report detailing the design of the system, requirements, software pipeline, and results of the investigation of the candidate feedback control strategies.
PHASE II: Finalize the design of Phase I and complete fabrication of the geometry scanning system. Evaluate the performance of the stand-alone system and compare it to process requirements. Integrate the metrology scanning system with a specific additive manufacturing system. Implement the software processing pipeline established in Phase I and demonstrate operating performance. Implement and validate adaptive feedback strategies. Demonstrate and compare the performance of candidate adaptive feedback strategies and establish key tradeoffs and use cases for each strategy. Validate adaptive feedback strategies with multi-material printed part examples. Evaluate quality and robustness of interfaces between different materials. Evaluate improvements in geometric accuracy including surface finish properties. Design and evaluate data-logging system for gathering information/statistics of a print. Design and evaluate basic analytics tools.
Required Phase II deliverables will include a final report and a demonstration of system.
PHASE III DUAL USE APPLICATIONS: The end goal of this effort is to provide real-time metrology for 3-D printing systems already in place within the industry or DoD or systems developed by the small business. The DoD will directly benefit from the real- time scanning of printed materials made possible by the development of a platform capable of handling multi- material printing. Develop a rich set of new materials that are enabled by the closed-loop control process to establish material interfaces that are enabled. Improve the system’s throughput and robustness to meet the needs of DoD or commercial end-user.
4) SGLB may or may not hit $100 in 2020 but I'm still betting that we will get there. Bet we get to $100 sooner than some folks prediction of back to the OTC.
Kanya,
Thanks much. Still Long and Strong and waiting patiently.
T&L,
Thanks much for this post. It's continued confirmation that PrintRite3D does work as anticipated. Any doubt about correlating Sigma's metrics to actionable data should be erased with this whitepaper and I quote
I'm certainly hoping to hear some good news next week to counter this.
T&L,
Yes, I'm certainly hoping that John and Ron are not messing with my emotions right now.
John/Ron,
Please let this be something tangible. We don't need to get our hopes raised for nothing. I'm getting excited for the news which I'm anticipating will be very very good based on that LinkedIn post.
Of course, I anticipated very very good news when MC expected significant sales in late 2017.
C'mon next week. I'm eagerly anticipating something to make the pps jump and bring back the pep in my step! Don't mess with my emotions! ;)
Thanks TedJ.
I certainly hope to hear announcement of a sale at the CC on Monday. Guessing someone else anticipated an announcement with today's buying. Thanks for the post.
I remember that we partnered with Moog a couple years back on a proposal. They are doing some interesting research into quality issues as well.
https://3dprint.com/239586/large-ejecta-reason-flaws-powder-bed-fusion-additive-manufacturing/
https://www.nature.com/articles/s41598-019-41415-7
Jackle, Thanks much for confirming that my recall is still intact!
I believe that the relationship between EOS and SGLB will pay off down the road.
I'm looking forward to a contract announcement that results in the procurement of multiple PrintRite 3D units; hopefully, by 1st quarter 2020.
I hope to learn more about SGLB's recent evaluations at the next CC.
Thanks again.
Thanks for the correction.
Thanks much for the post!
Kanya, then I stand corrected. I thought EOS tweeted about SGLB being a partner. Guess I need to start taking my memory pills again :) Well.. We still have Spartacus 3D that Aequs invested in. I hope that relationship works out. Aequs has Airbus, Safran, Boeing and others as customers so maybe Printite3D could turn up in that new Safran facility.
I do believe someone on the board can pull it up. It was confirmed last year. I recall EOS referred to SGLB as there partners. May a board member post that?
Thanks El Jefe for keeping us informed of the patents. I'm excited to see these patents being approved to protect SGLB's IP. I believe the patents add intrinsic value to SGLB.
Silversmith,
My take on it is that before closed loop the IPQA is simply monitoring the process; thus, reporting on the error conditions(NDE) based on the requirements not taking action on the metal. The Closed loop is actually taking action on the metal; thus, altering the metal condition (DE).
An IT analogy would be equivalent to an Intrusion Detection System which monitors the network for threats and reports on them but takes no action on the threat detected; thus the traffic is not altered. On the other hand an Intrusion Prevention System not only detects the threats but takes action to block the threat; thus, altering the traffic that passes thru the network.
T&L, Thanks again for sharing this DD. SGLB is on the right track and It's good to see MC's vision slowly coming to reality.
I'll piggyback on Jackle's Value of Independence by saying that is why I've been a proponent of SGLB. It's because of their printer agnostic quality control and they have been a market leader way before most were seriously thinking about independent quality assurance. Organizations like the FDA pretty much require it and I believe that they will have quality standards whose language will change to must have objective evidence of compliance. The AM big boys know it and are trying to be ready before the language requires it. IMHO
See this article concerning FDA Quality Regulations
https://www.odtmag.com/issues/2017-02-01/view_columns/the-form-fit-and-function-of-the-quality-role/48676
Our strategic partner ANSYS. I know the Longs remember Brent Stucker.
Baker Hughes.. Is a GE company. We are working with them. Baker Hughes is listed as a strategic partner.
I agree. Independent verification is necessary! Can't have 3D manufacturers verifying their own process is good. It must be independent.
Jackle and Kanya,
I agree that this PR is significant since SGLB is installing multiple units and on separate continents. It'll really demonstrate the PrintRite3D analytics in the cloud and the speed in which the machines can sync. It's a great use case and with approximately 8 weeks to test and a few weeks to do analysis of the results before the OEM can make a critical decision then I'm thinking maybe end of spring/summertime could be a really nice announcement. BTW. I overlooked the "awarded a Test and Evaluation Program contract with a leading global materials and service provider in additive manufacturing." I had aerospace in my head; so, I digress from my Airbus speculation as this fifth customer; however, I certainly do believe that Airbus will be one of our clients soon.
Could be Airbus??
Vinu Vijayan, Global Business Development Manager of EOS our partner.
He'll be speaking 26-28 February at the AM for Aerospace and Space conference on Overcoming the challenges of large-scale 3D production of aircraft parts: Insights from EOS on producing Airbus A350 latch shafts
Awesome. Hoping this will be considered a standard going forward! Thanks for the post!
I like anyone of those predictions. Something does seem to be brewing with the recent pps movement over the past few weeks. Some folks are loading up. Let's see if something significant is announced this quarter.
It would be nice if we hear some news of a few signed T&E contracts sometime this quarter. I'm thinking toward the end of the quarter then site surveys, prep work like test plans, shipping and then installation could take another couple of months. Testing will be 5 to 8 weeks to finish and that would put us around August. Gotta analyze the test results and finalize that Test result paper which could be 4 to 6 weeks. OEM Engineers and Management would give the thumbs up or down based on test results and if thumbs up then there will be another request for a production quote. SGLB generates a production quote based on OEM production requirements could be a few weeks then OEM have to approve financing. OEM's cut SGLB a check. Heck I'm thinking a production announcement with an OEM by end of the year ;however, The closed loop beta should be ready to test around summer and the T&E cycle could start over again and no production contracts until maybe March 2020. Just me guessing on a timeframe for when production contracts and revenue from multi-unit sales could occur at the earliest.
https://www.tctmagazine.com/3d-printing-news/astm-mtc-innovate-uk-additive-manufacturing-standards/
Nice analysis Jackle. I agree and once the closed loop is developed and a little T&E is complete. We could be booming in late 2020 with a very modest P/E ratio of 20. Fingers crossed but I truly believe SGLB will be a great success story. I mean 20 million net income divided by our current 8.7 million shares would be 2.29 per share and with a modest PE ratio of 20 that's 45 per share. Correct me if I fat fingered it. Patiently waiting for the SGLB party.
El Jefe42, Thanks much for slides! I appreciate it. It's nice to see that Vivek Dave is still on the Advisory Board. It seems that SGLB is finally about to be accepted by industry. I'm looking forward to the completion of closed loop and production run orders to follow.
I wonder if PrintRite3D is inside?
https://www.scientific-computing.com/news/siemens-introduces-additive-manufacturing-process-simulation-software
T&L,
Awesome. Thanks for this post. You know that I've been exited about SGLB's IPQA being built right into that ICME framework for a few years.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=95549904
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=115888768
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=121392005
It's looking like the payoff will be coming.
T&L, I appreciate all your DD! Happy Holidays!
Happy Thanksgiving to the SGLB'ers! Sigmaniacs! LONGS! or whoever you are out there!
Awesome thanks again! Gotta love this too then..
https://en.dmgmori-ag.com/corporate-communications/press-releases/dmg-mori-boosts-additive-manufacturing-with-intech
Thanks Jackle. I do like this part from the article.