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Thanks MDuffy and jpi for the response! Guess I missed that info when it was previously discussed.
Please elaborate if you will on why a standard wouldn't be required. My experience within aerospace has been that compliance to a standard is required prior to final customer acceptance of hardware.
I'm not being silly I want your input so I can understand how this would work. If a manufacturing standard isn't needed then why do have them?
They could also operate on a waiver pending release of a standard for AM'd hardware. I'm guessing the fuel nozzles will go into engines/aircraft that will be completed after a standard is released?
I just finished reading the transcript and I agree Jackle. IMO it was very, very good. I try to avoid getting caught up in optimism in investments but after reading that it's really hard not to. It feels like a tsunami of business is just over the horizon.
Outside of Aerospace markets, they've mentioned Oil and Gas, Automotive and Biomedical:
Ahh disregard my original post I got EOS mixed up with Materialise.
Is that choosing one over the other or is it choosing both?
Just my opinion but I think Sigma is likely far ahead of them in terms of potential industry acceptance as a result of their long working relationship with GE, Honeywell, etc. If this MOU pursues a process that won't become an accepted standard then the hardware created would still require post-process qualification.
I'm not quite sure what this means?
Alright now you're just making stuff up!
But I secretly hope you're right.
That's a bold prediction.
I popped back into Sigma land just in time to pickup more at .051 :)
Check this out: In the Conference Session description for Rapid3D in Long Beach, there's a Quality & Inspection group but Sigma is not listed with them. Instead they're listed in the group Standards & Compliance.
Also if you poke around in there and check out some of the other presenters it seems that there are a couple who *may* be competitors to Sigma but don't appear nearly as far along.
http://www.rapid3devent.com/conference-session-descriptions/
May 20th Cola in Long Beach for Standards & Compliance event.
This may have been discussed awhile back but I'll post it in case nobody caught it yet:
This is a good conversation, you guys present good fair viewpoints. Thanks.
Will the printer generate meaningful revenue or is it primarily for R&D and samples? Cola mentioned a potential deal revolving around a high-end, low production automobile industry product. I wonder if they'll be supporting this through their own manufactured product as opposed to a PR3D system sale? The printer purchase seems a little left-field to me so I wonder what's cooking.
I agree, people aren't doing themselves or the board any favors by being unrealistic in their expectations.
Picked up more shares down here with one last buy to make if it drops further. I think good news is right around the corner, the presentation and Q&A gave me the feeling that they're dying to spill the beans on what's going on behind the scenes.
"We are in discussions with current INSPECT customers now"
This reply by VD implies to me that the current users of INSPECT (GE and Honeywell) will be customers. I agree that we're going to see an order announcement coming before the end of the year. I'm buying more shares Monday once my funds are available, hopefully the price TANKS! :)
That was a very positive webcast!
Right I'm just saying that their cash on hand is going to be impacted pretty significantly with that purchase, so hopefully revenues are coming soon.
Didn't they purchase a 3d printer, to be delivered within the next couple quarter, for total cash of ~$800k that's yet to be paid?
I agree, a product available for purchase needs to have a price tag on it.
If INSPECT has been released then I don't see why we can't ask about pricing at the Q&A. If prospective customers could be quoted a price then why can't we?
Does anyone else feel that INSPECT without an accepted QA standard for AM might be hard to sell? At this point in AM it seems that INSPECT is stuck in a weird spot where it can't replace a physical inspector without an accepted QA AM standard (for which none exists yet), yet using it with a physical inspector is a bit redundant and increases costs.
Interested to see what you guys think about this. Ultimately the Standard will come and PR3D will either be it or be modified to meet it, so I'm not worried about SGLBs prospects. I just wonder if INSPECT will sell this early in the game?
Nonetheles this is an exciting time for SGLB and us shareholders :)
Cool and thanks to everyone who helped me get up-to-speed on where we're at with Sigma. Still excited to see what the future brings for us!
Hi everyone, I've been away since April-ish and I was wondering if anyone would be willing to outline the developments since then (both good and bad)? Where are we with GE, PR3D rollout, do we have any further contracts, etc?
Thanks!
For what it's worth, I'm not concerned in the slightest with the daily movement of the stock price. If I could just read the board and news items without ever seeing the PPS, I'd be perfectly content. Commercialization is either coming or it's not; what happens day-to-day with the PPS won't change that.
BTW anyone know where JJ has been lately? I'd be interested to hear his opinion on the last few weeks of Sigma news.
If you've been following this stock for months, then why not let us know what positives you saw over those months that made you decide to buy 250k shares...until the 10Q dashed your plans?
So let's weigh those positives you've seen over several months, against the negative(s) you've seen in the 10Q, and we'll help you determine, for yourself, whether the risk is worth the reward?
In addition to INSPECT commercialization which has been noted, I'd suggest a few other items which could be PRd to the pleasure of shareholders:
Finished out my accumulation today, I'm averaged in at about ~.13. Let's do it Sigma!
I wouldn't mind if the pps drifted lower. That way I can average down a little more before we hit commercialization and/or real PRs. I really envy you guys who had the courage to load up when the pps was sub-.10!
Regarding BAM/ARMS licensing from 2012 10K:
I like these:
Vivek Dave:regarding future opportunities outside of AM - we have demonstrated our analytics engine on other manufacturing technologies and we do see significant potential outside of AM
Can anyone clarify what this means? AM is AM whether metal, plastic or some other material, right? So he is speaking about some other type of manufacturing? Maybe this refers to the gas turbine refurbs? Whatever it is, I love hearing about the 'significant potential'.
Vivek Dave:Regarding capacity orders -we do have relationships with electronics manufacturing contract shops that would allow us to ramp quickly as needed.
Also exciting. Makes me wonder how many machines at GE alone might utilize PR3D?
There was also a comment from Vivek in which he mentioned Rolls Royce and Pratt & Whitney as a examples of something (perhaps AM users). Maybe there's interest in PR3D from these companies that hasn't been made public yet?
Vivek Dave: Where will Sigma Labs be in 5, 10 , 20 years. If we can overcome the three limitations currently facing the 3D printing of metals, and thereby help to drive down the cost significantly for metal AM, then the field grows significantly. In 5 years we expect to be still largely evolved with aerospace and defense as we have commitments that extend multiple years. However we fully expect to grow beyond just aerospace AM and the underlying technology is applicable to dozens of manufacturing processes.
Ha, someone asked my question :) Sounds like they're still facing challenges with full implementation of IPQA? However, it's news to me that they have 'aerospace and defense' commitments that extend multiple years? That's great, as is the claim that their technology is applicable to dozens of processes.
Wonder how he would answer the variations of this question:
Where do you see Sigma Labs positioned in a year?
Where do you see Sigma Labs positioned in five years?
Where do you see the Sigma Labs stock price in a year?
Where do you see the Sigma Labs stock price in five years?
Never traded the greys in my life so I suppose I'll just call TradeKing Friday morning and tell them to sell my remaining 3500 shares at .15.
YOU HEAR THAT BUYERS! 3500 @ .15! A STEAL!!
thanks for the response