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Yes institutions are buying.
There is proof they are in filings.
Period
https://additiveindustries.com/news-and-press/press
The OEM who will be embedding PR3D into their machines just got a big order
Through its new founded subsidiary K3D, Kaak will build a network of shared K3D Printing Technology Centers in The Netherlands for different types of applications in aerospace & defence, medical implants, high-tech parts
All K3D Printing Technology Centers will be equipped with MetalFAB1 systems and connected in a distributed manufacturing network through Additive Industries’ Additive World Platform.
Actually it all depends on how you invest and why you are investing. If you are using averages and understand the bigger picture of the industry, the potential, the technology and realistic time frames then what has effectively been day trading volatility has created some fantastic opportunities to average in and create bigger positions, as some of these bigger investors are actually doing. For these people the game is well and truly still in play and they do not look on a day to day swing as relevant to their strategy. For sure there are some people who went in big too early 4 years ago and they haven't had much fun, there will equally be people who loaded up in the 1.40's and sold into spikes at 4.
My point is that it is pretty obvious that this is a dynamic, developing story and all balls are still in play. For those with positive mindsets about Sigma's future involvement and an understanding of time frame's the lower pps has led to some great advantages. I for one am 'tickled pink' i don't have to pay over inflated prices for something i believe is going to grow into a solid market cap over the next few years.
Each to their own
The way i read it if you are in EAP you get beneficial pricing for your EAP machine. The reason for this being the EAP machine is not bringing you revenue, and is for both sides to learn and adapt it to needs. Once you start serial production, regardless of being EAP or not then you will be charged a rate substantially different. From John Rice response it seems Sigma are still deliberating about how exactly to quantify that price, be it machine time or units produced or vs a specific value of parts. Whilst not ideal this isn't yet defined, it is encouraging that Sigma has options. This technology is in demand and every base case will be different. Each users demands, machine quota, needs etc will be different so there will be many options on the table with regards to pricing.
Would be appreciated, thanks!
The presentation in full
http://noble.mediasite.com/mediasite/Play/f567a81dadc3400ba3bfcd8e076de8bf1d?catalog=6f8e7abd-96e3-462f-8035-f48126f80846
a few interesting bits
2017 the year the market came TO Sigma. Manufactures had set up with AM manufacturing but asked Sigma for solutions to the yield problem (Solar Turbines, Woodward, Pratt etc). Can you help us improve yields they asked. Which obviously Sigma can. It's always positive to have customers coming to you, knocking on your door.
Discusses slide showing companies Sigma has been engaged with (the one in presentation)
Boeing, Thales, Northrop, Meggit, Thales, DSI, Woodward, Materialise, Alcoa, Spartacus3D, Benedix King, Solar Turbines, Additive Industries, Aerojet, Siemens, GE Energy, Vector Space, Honeywell, Pratt and Whitney, Surrey, General Atomic, Virgin, Millenium,USAF etc
IP is unusually strong for small company
Bit about Patent defense 14:30 ish
Presently in US 6-8000 machines, mainly prototyping but now they are moving to production they will buy in bulk (remember EOS new factory to produce 1,000 machines a year)
Currently we have early adopter pricing, that means we put a machine, or a package of machine and software out for $84,000 plus a $20,000 a year license fee. Early adopter pricing ends September 1st 2018. The EAP program accomplished what it needed to, it’s what the market would bear for a research tool that will not generate revenue for the buyer. Now, because we are only installing for people who are actually making stuff our pricing is going to be based on the value of the quality improvement to them.
With regards to powder (and this is not the first presentation that metal powder sentence has appeared) it is a critical part of the process and what happens at the powder stage is crucial in understanding how the material properties will be affected during the build. In collecting data for predicting how a build will form and checking it versus prediction Sigma will be heavily involved with powder suppliers i am sure to isolate the performance of a particular powder throughout the process.
Those who think metal AM is just a case of pouring powder and melting it are way off the mark. The science is (like all this AM process) incredibly complex. Once the data has been worked on in terms of how a powder will perform this can be stored in PrintRite3D and this is of benefit to both Sigma and the powder suppliers who can verify their powder does what it is supposed to do.
An article on this can be read here
https://www.additivemanufacturing.media/blog/post/optimizing-metal-powders-for-additive-manufacturing-exploring-the-impact-of-particle-morphology-and-powder-flowability
Our close friend/industry heavyweight EOS expands is production facility making new machines due to huge demand
https://www.eos.info/press/eos-opens-new-plant-in-maisach
http://blog.executivebiz.com/2018/01/air-force-selects-aerojet-rocketdyne-for-solid-rocket-booster-tech-idiq/
Hopefully leading to more work with Sigma Labs
You are right there is heightened interest in all aspects of the media/financial world. What most longs will recognize is positive or negative most of these computer written analysts reports are utterly deficient in relevant information on the company. The technology for these reports is still very naive in terms of useful information to the investor. But they continue to churn out report after report (positive and negative) which at least raises awareness. Even for those of us who have studied this company for many years the technology and industry interactions is a job to get ones head around... the computers don't even touch the surface!
It was amusing to see how many day traders got burnt on that rally in late December. They were quite vocal about it in social media circles. Whilst i understand SGLB at the moment lends itself to day trading opportunities these traders are leaving themselves very exposed to a crowded short and explosive rally on the back of some news by not understanding the bigger picture. A few of them admitted this at the time and whilst some persist others will be a little more reluctant.
Sigma has a unique product at the end of its evaluating phase in an industry that is just starting to open it's doors. News that could seismically alter the PPS upwards could come at any time. What happened in December could be child's play to the moves if a sizable order came in (as we have been told customers are discussing).
“I am looking forward to build the operations, supply chain and customer support footprint to be able to manage the planned, steep growth of the volume," said Paul, “And I’m excited to join the entrepreneurial team of Additive Industries”
https://www.qualitymag.com/articles/94460-additive-industries-prepares-for-growth-with-new-director-of-operations-supply-chain
As most here know we have a multi year deal in place for Additive Industries to resell Printrite 3D in their machines. Their progress towards finally getting some machines out the door and expecting 'steep growth of volume' is highly encouraging.
You are absolutely right that Blockchain will become an important part of 3D printing. It's data driven methodology is well suited to it. As you point out with Sigma being machine agnostic and a data heavy software there is a high chance of blending the two technologies, i would almost say inevitable.
Blockchain is going to be pervasive in so many strands of society and industry in the coming years, people are only starting to get their heads around the tip of the iceberg of how it will integrate into our daily lives, whether we know it or not. (and I am referring here to Blockchain technology, not bitcoin, which is simply a value system that uses Blockchain technology)
Morf3D joins CESMII
https://www.cesmii.org/what-we-do
Avi Reichental's view..
https://www.forbes.com/sites/forbestechcouncil/2018/01/23/the-future-of-3-d-printing/#711855bf65f6
3-D printing is an unstoppable force. Not too long ago, the printing speed and limited output of 3-D printers made them suitable only for rapid prototyping. But in the coming years, 3-D printers will be at the heart of full-scale production capabilities in several industries, from aerospace to automotive to health care to fashion. Manufacturing as we know it will never be the same.
But recent advancements in speed, printing technology and material capabilities are now aligned, and together they will push the entire industry forward.
The 3-D printing industry is on the verge of another tipping point
It’s no longer reserved for exotic military, defense and aerospace applications. It’s ready to go mainstream.
When you combine all these advancements with infinite computing power in the cloud, IoT connectivity, big data and next-generation robotics, you arrive at the realization of Industry 4.0: a truly cognitive, adaptive and largely self-optimizing factory. And this huge development will largely be catalyzed and fueled by additive manufacturing.
They are just beginning to scratch the surface of 3-D printing for outright manufacturing.
An industry once considered a gimmick is proving itself to be a formidable giant. Make no mistake: 3-D printing will be a force that upends nearly every industry over the coming decade, and its influence is exciting and unstoppable.
http://www.kob.com/politics-news/governor-susana-martinez-state-of-the-state-address-transcript-2018/4745938/
New Mexico Governor State of the State Speech. Conditions are looking better in the state and they are helping business like Sigma with their policy initiatives. Nice to have a legislature who is actively pushing for high tech growth in the State.
Anyone had a look at the new Board member?
Certainly has decent enough credentials.
Over the past 25 years Kent Summers has started, financed and sold three software companies, served as a trusted advisor and mentor to dozens of start-ups, and has advised on the sale of over a dozen companies. Kent is currently a visiting lecturer at Harvard Business School and MIT Sloan School of Management. Additionally, he is Managing Partner at PCA, a Boston-based consulting and engineering firm that he joined in 2005. Prior to PCA, Kent was a Partner with Garofalo & Associates - a Boston-based investment banking boutique that provides corporate development and M&A advisory services to emerging growth companies.
It is not offering a commercial system, it is detailing the direction the industry needs to head. EWI works to address issues and solve problems for the industry. In so doing this presentation is revealing that the best solutions are along the lines of what PrintRite3D does. That is good news for Sigma Labs. Shareholders should welcome the fact the industry is heading this way. The most focused industry bodies are promoting it as the way forward. We are ahead of the pack (still waiting to hear of anyone close) in terms of a commercial offering for this full suite of independent in-process monitoring and analytical data reduction/use algorithms. As the industry heads this way, as focus goes from design to production, as it goes from small lot to mass production, as it goes from low yields to needing higher yields in an unreliable environment, as it goes to focus on absolute replicable quality, as it goes to certification all roads are starting to lead to what Sigma offers. The momentum is starting to build as focus is moving up the process to where PrintRite3D lies.
Yes, similar, although i would say the Fraunhofer Institute over all is a much bigger and broader organisation. Both are aimed at researching best practice and solutions for their member network to expedite and improve industry adoption and performance.
https://ewi.org/eto/wp-content/uploads/2017/12/Next-Generation-Quality-Systems-to-Ensure-First-Time-Quality.pdf
Sigma have been heavily involved with EWI/AMC. PrintRite3D has been at EWI for a while now, we have hosted their events, we have presented to them, solo and in collaboration with 3DSim and we have employee connections to the institute. It is encouraging that the direction EWI is proudly pushing out is basically Sigma's technology skill set. Sigma Labs has THE premier commercial system in this field that is being touted as the way forward.
Co-incidentaly enough Sintavia have also been in touch with Trumpf. They will definately be hearing good things about PR3D between Honeywell and Trumpf
https://3dprint.com/188927/3d-printing-business-news/
It is always encouraging to see the supply base getting accepted by the tier 1’s. It means that the AM process is starting to get accepted into mainstream. As that starts to happen it will surely snowball adoption across the board. As we well know, AM can exist without PrintRite3D however the higher volume the less efficient in time, yield and cost it will be. So, once the production runs are in place and start to get bigger then Printrite3D’s efficiencies will start to shine and adoption of full in-process will be de-rigeur. This doesn’t mean in-process PR3D adoption cannot be included earlier, it just means that a step by step introduction is perfectly feasible as companies inch forward into this new tech. Overall the growth of AM into Tier-1 supply chains is a very good thing for Sigma’s opportunity base.
I am reminded of this paragraph in a white paper by Donald Godfrey at Honeywell in 2015
Development of the Global Supply Base Just as Honeywell is beginning to implement AM technology, the supply base poses a risk if not properly managed. Experience to-date has shown that the North American supply base is very immature and not yet ready to meet the stringent requirements of aerospace production. Honeywell locations using these services must consider that these types of companies offer printing services only. They will not provide a guarantee that the AM processed material will meet engineering design intent. For the near term, these companies provide a valuable service by producing components for prototypes. These companies often want to bid on printing production parts. The manufacturing of production parts using additive manufacturing technology must be managed via a fixed process and by a vendor that is approved by Honeywell Quality and the Materials and Process Engineering organization. Honeywell is moving this technology into being a qualified process using either in-house capability or with a vendor that has stringent quality control processes audited and approved by Honeywell.
This certification of Sintavia shows that this move to an AM supply chain is now starting to bear fruit and that is a good thing. AM is growing up. IT certainly wouldnt surprise me, considering how much work Honeywell has done with Pr3D, not least in the top level DARPA project, to see Sintavia and Sigma in discussion soon enough.
agreed. I don't feel the need to wait for sales of PrintRite3D into mass production before allowing them to expand as i am very confident they are imminent anyways. If they aren't, well theres no point anyways..so may as well support the companies wish to make the most of the opportunities in front of them.. which are very exciting by the sound of things going on in the m market. John Rice's comment 'and so that prospective companies know that Sigma has the means to deliver on a transaction' is also an important one and this proxy will only ENCOURAGE prospective buyers that Sigma Labs can deliver. Absolutely voting FOR.
Sure, the letter wasn't a great deal more than a New Years small summary. Didn't set the world alight but not sure it was supposed to. We all know the company has strategically re-organised. We all know they are carefully looking at M+A, we all know the authorized needs to increase soon enough to allow room to manoever. I am sorry but i simply do not expect them to provide intrinsic detail at this point. A) they can't i am sure from an NDA perspective and B) they shouldn't from a strategic/competitive perspective. This is a rapidly moving space and if we want Sigma to take advantage of that then we absolutely need to allow them room to. They have proven to be fiscally conservative over the years, they are extremely well connected in the space and have a unique technology that it looks like the industry is heading towards needing as it moves to production. I do not want this stock to languish, i want them to capture the opportunities. I didn't bet on an established blue chip. I am taking a bet on Sigma, a small, niche tech player in a booming market, after years of due diligence. Im fully prepared to give her and the experienced management a chance to fly. I want them to find M+A targets, i want them to build a ecosystem that's bigger than it's parts. I see value in that.
Mark Cola is not out at all. As part of a strategic reshuffle he moved to Chief Technology Officer position within the company allowing him to focus on the technology side of it. It appears to be a mutually beneficial move for the company and him. The growing obligations of being a Nasdaq reporting company with all the filings, investor meetings and paperwork that comes attached with that were detracting from the technology focus the company needed.
I will certainly be voting FOR in the vote. Not even a doubt from my perspective. The company at this stage needs the authorization to really take on the opportunities that abound at this period in time in this rapidly growing field. As a shareholder I am absolutely for them pursuing this and I will give them the funds to do so. I see nothing to gain by waiting for this all to be repeated in 6 months time. Get it done and move on with market opportunities
What are you talking about? Do you even understand?
Sigma is partnered with Additive Industries in a multi year signed deal
PrintRite3D is being offered as an option on AI machines beginning 2018
PrintRite3D is mentioned now in AI product marketing for their machines
AI is partnering with SMS group to create turn key AM production set ups utilizing multiple AI machines.
The probability that PrintRite3D will be incorporated into these production size shop floors as part of this project is extremely high based on their key customers (aerospace, automotive) who exist on highest quality parts
https://www.sms-group.com/press-media/press-releases/press-detail/additive-industries-and-sms-group-team-up-for-industrial-additive-manufacturing-serial-production-841/
They are looking to team up to create AM plant production set ups. You want an AM factory with 20 machines and a process flow... then come to us
A great way to have multiple AI machines installed.
It always comforts me to know that the market has completely undervalued this connection with Additive Industries. We already have a multi-year agreement in place with them worth several million dollars. Throughout 2018 they will start pushing out their machines, aiming to be top 3 OEM producer by 2022 (when the number of OEM AM machines globally will be a MASSIVE increase on today) Many of these will be including PrintRite3D, especially I would suggest those which are part of the turn key production floors they are creating with SMS group that consist of multiple printers on one shop floor all linking with each other, something PR3D specializes in.
This agreement will start to produce annual revenues, recurring annual revenues, upgrade fees and so on. It’s already in place and now it’s for AI to push out the machines now it is wrapping up its BETA period.
Now replicate this with the ‘Unamed European OEM’ which we have all decided is Trumpf. This deal is worth ‘a conservative 6m’ over the next 5-6 years, and should also start to kick in in 2018. As we have been told recently the machines with PR3D embedded should start in Q1/Q2 2018 and that looks about right with the OEM timelines/products.
Sigma’s period of recurring revenues will begin in 2018 … from there the company’s prospects build exponentially. The deals that will backstop Sigma’s future have already been inked. The rest will just be cream on top.
Reminds me of a quote by Daan Kersten of AI a while back
About this partnership, Kersten remarked, “We monitor the melt pool through a solution developed by our partner Sigma Labs, because they’re experts in that field. There’s no reason why we would reinvent the wheel if it’s already been invented by someone else.”
Sigma allows a part to be certified, that is encouraging for an OEM, proving parts on their machine are of certifiable quality is a bonus. Having an independent inspection tool verifying this doesn't have to be a negative for an OEM. NOT having it may prove detrimental when a large part of the market does use PR3D down the line however. We are understanding just how complex the making process is, and how every part is different and each build capable of distortion. A market wide part certification tool such as PR3D in the supply chain could be of INCREDIBLE value as the industry tries to move beyond machine inconsistencies and start actually producing. Allowing the entire supply chain to be on the same page regardless of the machine/the process/the material they are using.
Here
https://3dprint.com/128229/3dsim-additive-industries/
Additive Industries will integrate 3DSIM’s exaSIM and FLEX tools into Additive World, making them the first company to adopt the software tools, which are still in beta.
3DSIM’s FLEX tool is a cloud-based simulation program that allows users to virtually experiment with and optimize parts before actually printing them, eliminating the time and money wasted on physical trial-and-error experimentation for part qualification. ExaSIM is designed to minimize the support material needed in any print job by analyzing and predicting residual stress and strain data, saving manufacturers additional thousands of dollars in unnecessary support material.
the latter
Good spot, and nice to remind ourselves that AI and SMS group have partnered to offer turnkey production set ups....
See post 55117
You touch on a very important point which is key to the value of Sigma. Manufacturing is going through a monumental change of which it is really only starting to understand the implications. Since around 2007 and the invent of Hadloop and big data analytics the information revolution has transformed everything around us in ways we are becoming increasingly unable to comprehend. The key change was not just the ability to collect data, but the ability to make action from it. The value with which this has changed the ways the new generation of business interacts with its customers and markets has been nothing short of a phenomenon. Do not underestimate just how big this change is. It is shaping and driving your world even if you are not aware.
Additive manufacturing is, as Florian Mauerer, head of AM at Oerlikon, said " the physical leg of the information revolution". This is probably the most acute description of AM i have heard and this should make anyone wake up and take notice. You definitely want to be involved. It is the confluence of this information revolution and physical science. Sigma's ability to collect and make actionable data from the physical build sits in the exact sweet spot of the way manufacturing will go. And do not be under any illusion, even taking Sigma out of the equation, this science meets data is absolutely, without any doubt, the way manufacturing will go. As you point out years of tradition will have to be sidestepped, engineers will have to refocus but there will be no stopping the direction. Big data analysis and manufacturing are now converging and that will change manufacturing forever. This analysis, data collection and reduction into edge intelligence is exactly what Sigma does. As of now there is no other company that specialises in Sigmas niche with anywhere near the commerciability of Sigma. Down the line, who knows, there may well be, but this change is so profound, and will be so prevalent in manufacturing, and industry of monumental magnitude that Sigma is likely to capture a chunk that will dwarf many peoples expectations. Even now they are collecting data through their EAP that increases their value, and the intrinsic value of PR3D. Those who have the data hold the key. Sigma is a unique company with world class heritage and experience in the algorithms needed to assist the industry in its metamorphosis.
As John Rice said, and you have mentioned, right now it is an exercise in changing mind sets. Apparently with good results in testing, very good results. But it does take time. The key is that tier 1 players are listening. People are aware things are changing, they are aware data is revolutionising their world, they are just trying to work out how. That is to be expected.
Change is coming. Change will happen and once a small degree of success opens i expect the floodgates will open. The gains to be made, the time to be saved, the costs to be reduced are too competitively crucial to be ignored. A fully working AM factory with in-process inspection will beat hands down any traditional shop floor in price, complexity and speed.
As the Intel CEO Brian Krzanich said "Data is the new oil....Oil and gas infused themselves into every aspect of life and commerce. You can say the same today about data. Those who are most adept at drilling for this data, that is digitising it, amassing it, storing it - and then using the algorithms to analyse, optimize, customise, prophesize and automize it to improve every possible service, design, customer experience or manufacturing process - will be the winners", and he continued. Those who don't "will be dead in five years"
Those who can analyse huge amounts of material data will be able to spot trends in quality never seen before, at a speed never seen before, at a stage in the manufacturing process never seen before. And this will be a virtuous circle, the more data you collect, the more you analyze it the better your results will be and so on.
This is all the confluence of changes in the last decade as microchip power increased and accelerated to a level that could handle the sheer volume of data sets, and the rise of Hadloop allowed it to make sense of it all. Do not fall into the trap of looking at the next 20 years of manufacturing through the prism of the last 20 years of manufacturing. Big, big changes are coming, most of which we, as bystanders, can only guess about. But AM, and in-process data analysis sits right in the conflux of where it is headed. It is still up to Sigma Labs to make sure their product becomes a reliable and constant player in the future, but that for sure is what they are gunning for and until anyone can mention another player who is as well positioned as they are with a commercial product in their niche then they are definitely still a highly favourable horse in the race to benefit.
The present stock price completely and utterly misses the potential here. I get it, people are tired of 'potential' and expected huge revenues already. Slow news cycles and a thin market makes it easier for things to go south rather than north at this point. But there is a fundamental misunderstanding, mispricing and lack of understanding by the majority of investors on what is going on in the industry and where it is headed. Look at the board, the make up of investors has hardly changed in 2 years, if not more. What sigma does isn't sexy, its behind the scenes, it is highly complex and well beyond the mental capacity of pretty much everyone here (i fully include myself here). But to value their skill set, their technology, their unique algorithmic foundation, built following 30 years of work with the worlds pre-emininet physics laboratory as the industry starts to change into exactly that field at $6m is a joke. But i have been supremely happy to capitalise on that.
Do not assume nothing is happening. Do not assume nothing is changing. If manufacturing changes the way information software has changed in the last 10 years then many many people are up for a very rude awakening. Anyone want to bet against that? It is the natural progression, the extension of data into manufacturing.
Sigma's value, sitting in the middle of the upcoming revolution in manufacturing, specialising in exactly the data driven science that will make it possible, is exponential.
Time will tell, but this change is too big, too important, too inevitable to blindly dismiss Sigma Labs potential future.
According to a recent survey on 3D Printing Trends by Dimensional Research and Jabil, manufacturing industry decision makers are picking up the pace, with 40% expecting to more than double their use of 3D printing over the next five years and nearly a quarter hoping to boost use by a factor of five or more. The impending deluge is real judging by the fact that the overwhelming majority of those polled say 3D printing will change how they think and operate.
https://m-huffpost-com.cdn.ampproject.org/c/s/m.huffpost.com/us/entry/us_5a2eeacce4b0cf10effbaf8b/amp
The Game Changer - Morf3D receives the first PrintRite 3D 2.0 in-process quality assurance from Sigma Labs. Inc., The system will further differentiate Morf3D and extend our ability to provide our Aerospace and Defense customers with superior and repeatable results.
Morf3D will be outfitting all of our systems with Sigma's cutting edge technology, an offering that is unique and exclusive.
We don't just print parts, we print parts to spec. More to come...
CEO Morf3d
And so the question is how much does your runway increase and the answer is with each dollar of sales. So things that we hope will happen could extend that runway indefinitely....
...right now we are small, but we mean to go big
Punchy words, also from CEO john Rice
I think this has been re presented and updated. In depth look at TED™ and a successful Quality Signatures™ test project
https://www.sigmalabsinc.com/sites/default/files/2017-11/Evaluation%20of%20Quality%20Signatures%E2%84%A2%20using%20In-Situ%20Process%20Control%20during%20Additive%20Manufacturing%20with%20Aluminum%20Alloy%20AlSi10Mg_Rev4.pdf