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Sunday, September 27, 2015 1:50:26 PM
GE Aviation for example:
SGLB signed an JTDA with GE in 2013. This JTDA was formed with because SGLB is expected to reduce production costs by 25 percent.
"Today, post-build inspection procedures account for as much as 25 percent of the time required to produce an additively manufactured engine component," said Greg Morris, GE Aviation's business development leader for additive manufacturing. "By conducting those inspection procedures while the component is being built, GE Aviation and Sigma labs will expedite production rates for GE's additive manufactured engine components like the LEAP fuel nozzle."
http://www.geaviation.com/press/other/other_20130524.html
SGLB was awarded 500,000 contract with GE at the beginning of 2015.
Sigma Labs’ CEO and President, Mark Cola, announced the award of the contract and said, “Working with some of the best-known companies in the industry, including GE Aviation and Honeywell, we will use this project to further demonstrate our PrintRite3D® technology and provide for additional data collection.”
http://www.geaviation.com/press/other/other_20130524.html
SGLB has quality relationships with Honeywell, Materialise, Additive Industries, and others. These relationships {ie agreements as shown with GE Aviation} will take some time maybe a couple years to develop revenue as the test and evaluation period is long with integrating new technologies with current processes such as aerospace and medical. This timeframe will shorten as Fortune 500 companies and gov't programs are doing the heavy lifting by testing NDE technologies such as PrintRite 3D.
AM mass production is where PrintRite 3D fits and AM mass production is here as GE Aviation is set to produce AM fuel nozzles this year LEAP engine with has well over 100 billions in orders now.
Although CFM is still testing the engines and they will not enter service until next year, the company has received orders for 9,550 LEAPs valued at $134 billion (list price). That number makes the LEAP the bestselling jet engine in GE’s history
CMC's will be produced via AM and GE will need to verify that these AM parts are being produced correctly and meetings FAA's objective evidence of compliance.
Production approval will only be granted once a regulatory agency is satisfied that a quality assurance system is in place. In respect to the U.S. Federal Aviation Administration (FAA), Parts Manufacturing Approval (PMA) is not granted until the FAA is confident that parts will not leave the manufacturer until FAA approved design verification has been performed.
http://3dprint.com/67882/sigma-labs-eta-3d-print/
New investors should do due diligence on SGLB and the AM market needs as a whole to have a true understanding of where SGLB is and why PrintRite3D will continue to be a necessity as AM mass production continues to accelerate. This investment in SGLB will be a huge winner IMO based on all the DD that I have performed since being a 2013 investor.
This investment is a patient one. This is not an overnight success investment but one that will appreciate over the years. Your future self will smile at your current one and be thankful for your vision and ability to see through the inaccurate statements that are made regarding SGLB. Good Luck to the Longs.
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