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What sounds promising about Closed loop is that currently, it seems to be a matter of the available hardware and the capabilities of said hardware.
It doesn't sound like it's out of their control as far as the software goes, as they sound confident that closed loop IS possible it's just a matter of being able to see everything that is necessary and relay that information quick enough to perform the task.
IPQA seems to be definitely the closest to achieving this by miles ahead of the competition.
Anyone producing high end parts and mass production will absolutely need a software like IPQA.
Agnostic capabilities to be integrated into nearly any printer is astounding.
I always refer to Moog's presentation about certified designs and databases to ensure quality.
These are very valuable data sets that can be repeated and sold as an entire process.
Design
Parameters
Certification
To ensure an exact digital twin printed into a tangible part.
Sigma inside
Do DD
Glta
Excel3D presentation
Sigma Labs update on software/hardware capabilities
https://register.gotowebinar.com/recording/2167721667131279883
Recent Excel3D presentation was extremely insightful.
Mentioned full factory implementation possible of 20 machines.
India seemed ready for the technology.
Compared Sigma's capabilities to OEMs with much more basic and nearly useless inspection compared to Sigma.
The technology was advanced so much by the current team and is a very functional and viable product, ready for full scale commercialization.
Latest upgrade to the optical sensors are able to be installed on printers much easier than the previous version, with better clarity and operation.
Finest form of edge computing in the AM field.
Talks of the ability to create databases of material qualification and part qualification via machine learning and collecting data over time.
ANSYS digital twin accomplished and directly correlating to both technologies findings.
Very impressive stuff.
Exciting times ahead
Sigma inside
Do DD
Glta
Not if it's an existing contract.
But not revenues from ongoing contracts, as discussed.
Plenty of contracts have already been reported, so any new monies received from them would not require a new filing.
Might be pushing the Q2 earnings up to show off revenues from ongoing contracts as early as possible.
Sigma Inside
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Glta
Any speculation on what the announcement will be with this early quarter earnings announcement?
Perhaps our already signed contracts with
Materialise
Additive Industries
Airbus
GE Oil and Gas/Baker Hughes
Woodward
ANSYS
Siemens
Honeywell
Aerojet Rocketdyne
Pratt and Whitney
Maybe one of our overseas distribution sales services?
Maybe a new OEM
EOS
SLM
Farsoon
DMG Mori
Previously Announced Unnamed Japanese OEM
Ruport previously stated in June expected contracts with OEMs could be seen during this or next quarter...
Full press into commercialization is getting interesting :)
Sigma Inside
Do DD
Glta
This is common practice.
Do DD and don't only read Sigma filings.
Broaden your horizons.
Learn about the whole market.
Sigma Inside
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Glta
AM CoE ASTM presentation from April now available to stream.
Additive Industries, Sigma Labs talk in detail on the importance of in process quality assurance for production purposes.
Ipqa still on the cutting edge of innovation and well ahead of the competition.
Closed loop will require better hardware to make possible, but ipqa real time is as close as the industry can get as of now.
Sigma's Darren Beckett on the panel discussion mentions many OEMs interested is having these capabilities.
https://amcoe.org/events/accelerating-am-technology-adoption-through-standardization-and-certification
Sigma Inside
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Glta
Yeah...other printer companies have sold more than 20 million in printers..
Our CUSTOMERS and target market.
I shouldn't have to explain basic terminology.
Not worth my time, bye
Sigma inside
Do DD
Glta
I never put or a number on anything so I'm not sure what you're inferring.
Don't put words in my mouth.
Do DD
Sigma inside
Glta
Different market.
EOS
Additive Industries
SLM
Renishaw and others
Have sold many more than 20 million..
Just a portion of our market.
Again, thanks for proving my point
Sigma inside
Do DD
Glta
Cool speculation.
Doesn't represent the entire market, will only maintain a percentage.
Every other OEM can't do this and needs software like Sigma Labs.
Thanks for proving my original point.
Additive Industries
EOS
Renishaw
SLM
And many more.
Sigma inside
Do DD
Glta
Only works with their printer.
Do DD
Sigma inside
Glta
Does Velo software apply to any other printers or just their system?
Just their system.
PRINTER business.
Do DD
Sigma inside
Glta
Intel is in the semiconductor business, to which they have 15%. CPUs is one faction of their business.
Velo3D is in the PRINTER business.
Sigma Labs is in the QA SOFTWARE business.
Sooo...do DD
Sigma inside
Glta
Depends what market you're looking at
Is Intel in every computer?
No.
It's in ~15 percent of market share.
No one said every printer...seems like someone was misinformed on Intel, thinking they were in every computer.
Hmm weird.
Do DD
Sigma inside
Glta
Yeah, but every other printer does, which is what I said.
Read
Sigma Inside
Do DD
Glta
Velo3D with 20million dollar order.
Money to be made on every other printer without a distortion correction software embedded like they have .
Good to see.
Sigma inside.
Do DD
Glta
I can't predict the future, I can only prepare for it.
Of course it's not a surprise, but it also hasn't happened yet. When a fourth of July sale occurs at stores, people don't buy the item in June.
How is the increase from 8million to 12 million already "priced in"?
Same, but waiting for the authorized increased next week.
Negative. Sigma has worked directly alongside them in the past regarding Space standards and procedures for AM. Plentiful studies with NASA, Aerojet Rocketdyne, Honeywell, all have to deal with products directly related to Space and Aerospace applications.
MSFC
NIST
DARPA
ICME
https://www.google.com/url?sa=t&source=web&rct=j&url=https://share.ansi.org/Shared%2520Documents/Standards%2520Activities/AMSC/AMSC_Participating_Organizations.pdf&ved=2ahUKEwiYvtTDl-bpAhXXHM0KHZtFAJMQFjAKegQIBhAB&usg=AOvVaw1tcI-Ko4Vk252w875o2z1B
https://www.google.com/url?sa=t&source=web&rct=j&url=https://sigmalabsinc.com/wp-content/uploads/2018/09/non-destructive-evaluation-additive-manufacturing.pdf&ved=2ahUKEwiS3_uTl-bpAhWGK80KHQxWA38QFjAAegQIAxAC&usg=AOvVaw0KbcBDua13tCxN-5VZSGbG
Sigma Inside
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Glta
Always good when your OEM partner secures big money in funding.
Great partner for Sigma Labs.
https://www.additiveindustries.com/news/press-releases/additive-industries-secures-14m-euro-funding-to-fuel-further-growth?utm_campaign=Announcements%202020&utm_source=hs_email&utm_medium=email&utm_content=88142586&_hsenc=p2ANqtz-9i2vmUOv7E4BsdoM9znaE-5U9rTqXoJQZhCpUdY4yJf3KtF3ioO-wilKcPTLER1Xod4LfZJAsK-bdRxQDclpOxb3-OEA&_hsmi=88142586
Sigma inside
Do DD
Glta
Idk how any of this is some sort of unveiling when it was literally described in the filings as they were offered.
I appreciate the DD, even if it's months after the numbers were released on the percentages in the original filings.
Do DD
Sigma inside
Glta
As does every pre-revenue start-up.
Most of which have much larger staff and overhead costs.
Sigma has done very well at maintaining low expenses, even over the years as they were doing extensive R&D and advancing the software to directly embed into a controller like Materialise's offering.
Big time partners with customers and collaborations with companies like ANSYS, Airbus, Additive Industries, Aerojet Rocketdyne...just to name the "A's" off the top of my head XD
Sigma Inside
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Glta
Their salaries are very much in line with industry averages.
Metal AM has been hyped previously, yes. Everyone is aware of hype curves, as they occur in every industry.
Next
Sigma inside
Do DD
Glta
Yikes. That's rough.
What do you think a vested option is once it's exercised? As they are all due on or up to 60 days after March 20, 2020, not including future options based on performance based compensation.
John Rice owns ~44000 shares and Ruport 22000.
Mostly priced from March 20, and 60 days thereafter.
Meaning, both of them need the stock to perform from current prices in order to make them any money.
They aren't interested in dilution unless necessary to continue operations, and they aren't going to ink any deals that don't make money from current share count and price.
As stated in the last conference call, many deals are on the table with major purchasers... including financing or partnership capabilities that could provide enough revenue to provide profitability for the foreseeable future.
Current PPS is a very fair price for a tech company with exponential growth in the crosshairs IMO
MetalAM at the very cusp of production and we're inking deals with Airbus, multiple OEMs, and internationally with a Japanese tool producer.
A start-up tech company valued under 5million with international reach in the very beginning of their commercialized product?
That's fantastic work.
Excited for the next few months and beyond.
Sigma Inside
Do DD
Glta
get on the next call and address all the pressing concerns
This dude is on top of his game. Don't forget all the places he came from with successful mergers and acquisitions aplenty.
Prior to joining Sigma Labs, Ruport served as Executive Chairman of Content Analyst Company, a developer of advanced analytics software for searching and analysing unstructured text until its acquisition by its largest customer in 2017. Previously, he served as President and CEO of Configuresoft, a venture-backed Enterprise Systems Management company where Ruport orchestrated an OEM contract that later led to the acquisition of the company by EMC.
Prior to Configuresoft, Ruport served as Chairman and CEO of Optika, a venture-backed Enterprise Content Management Company that he led from a start-up of thirty employees through an Initial Public Offering, international growth and a successful transaction to merge with Stellent, Inc., which was subsequently acquired by Oracle. He was also CEO of Interleaf, a public software company and held senior executive positions at Informix (later acquired by IBM) and Cullinet (later acquired by CA, Inc.). He completed a BSc in Business and an MBA from Bowling Green State University.
“As evidenced by the recent progress with OEMs, end users and Additive Manufacturing integrators, our business is now at an inflection point that requires an industry veteran to amplify our success and accelerate our market penetration alongside strategic partners with a keen interest in our technology,” stated John Rice, Chief Executive Officer of Sigma Labs. “Mr Ruport’s long history of taking companies through various stages of growth will be invaluable as we enter the next phase of our growth cycle. We believe there is significant potential for shareholder value creation and look forward to unlocking this for our shareholders under Mark’s leadership.”
Ruport commented, “The ability to have an immediate, tangible impact on Sigma Labs with the apparent adoption of its incredible technology in the marketplace is a unique and exciting opportunity. My focus will be on accelerating our commercial adoption with strategic partners and amplifying the recent success John and his team have achieved. This blueprint is something I am very familiar with given my experience with disruptive companies in the software sector and I look forward to working with the entire team at Sigma Labs to drive forward its strategic initiatives.”
https://www.metal-am.com/sigma-labs-appoints-mark-k-ruport-as-its-new-executive-chairman/
Sigma Inside
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Glta
Sigma customer Aerojet Rocketdyne and Sigma's work in developing standards with NASA come together to ink a ~1.79 billion dollar deal.
From the article--
The NASA news release says that Aerojet has "implemented a plan to reduce the cost of the engines by as much as 30 percent," noting the use of more advanced manufacturing techniques.
It is true that the shuttle main engine, or RS-25, is the Ferrari of rocket engines. NASA designed these brilliant engines in the 1970s for the space shuttle program, during which they each flew multiple launches. A total of 46 engines were built for the shuttle at an estimated cost of $40 million per engine. But now these formerly reusable engines will be flown a single time on the SLS rocket and then dropped into the ocean
https://arstechnica-com.cdn.ampproject.org/c/s/arstechnica.com/science/2020/05/nasa-will-pay-a-staggering-146-million-for-each-sls-rocket-engine/?amp=1
Sigma Inside
Do DD
Glta
I know ..I was pointing out the funding, as stated in the post
Industry news regarding a potential Sigma competitor,
or at the very least another OEM with some of their own software. (Velo3D)
But, I use this important example to show the amount of funding a startup company requires, and the amount of time it takes to reach profitability, even if you throw ~$150 Million at it.
CAMPBELL, Calif., April 28, 2020 – Digital manufacturing innovator VELO3D announced today that it has raised $28 million in a Series D funding round. New investors Piva and TNSC joined the round, along with existing investors Bessemer Investment Partners, Playground, and Khosla Ventures. This brings VELO3D’s total funding to $138 million.
“With the VELO3D integrated solution of Flow™ advanced pre-print software, Sapphire™ printer, and Assure™ quality management software, companies can finally break free of the constraints of existing metal additive manufacturing processes,” states Benny Buller, Founder and CEO of VELO3D. “Customers in industries such as aerospace, oil & gas, and power generation are now able to achieve part quality for their mission-critical applications with performance levels that weren’t possible before with 3D metal printing.”
VELO3D plans to use the new capital to expand its product portfolio to include more machine options, compatible alloys, and enhanced software and hardware capabilities. The company anticipates that the injection of fresh capital will help them reach sustainable profitability by mid-2022.
Sigma Inside
Do DD
Glta.
A binding joint sales agreement is much different than a memorandum of understanding.
A memorandum of understanding if the agreement for parties to work together until a contractual agreement is determined.
The latest agreement, was that contract.
It just so happens to be with a leading AM software company currently doing business with GE Aviation, Stratasys, HP, Nikon, and many many others.
A binding joint sales agreement, that specifically is to begin beta customer commercialization of the integrated PrintRite3D® and Materialise Control Platform (MCP) product.
The original press release goes on to say, "The MCP is an embedded hardware and software solution that addresses the growing need for broader and more straightforward control over the additive manufacturing process by giving full control to the end-user. The companies have achieved the integration and are now positioned to offer a unique product solution for retrofit of existing machines, OEM machine integration and closed loop control."
Sigma Inside
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Glta
As did every company who's business was affected by the state requirements to halt particular businesses, and to every citizen to severely adjust their freedoms for a cause, hence the government stimulus and relief to tbose affected.
Good try, but nah
Do actual DD
Sigma Inside
Glta
Right.... because business partners and the amount of business in dollar amounts that they are committing and likely to commit to their future AM operations has nothing to do with the future valuation of a company who is currently partnered to sell software with said company. Lol.
Do DD
Sigma Inside
Glta