Sigma Labs Inc (SASI)

[MDuffy]

Remember that time Mark said closed loop IPQA was not the end all be all (something to that effect) due to the emphasis on 3rd party inspection in aerospace? PrintRite 3d can be incorporated INTO the machines (such as, I think, with additive industries/ MetalFAB1?) and actually close the loop... but it can also provide 3rd party QA that is machine agnostic- which I think it the bigger draw, certainly near term, and especially for aerospace.... and also for complying with ISO standards. Many of these companies already have a ton of 3D printers as is-- GE certainly has a lot. It's not like they are going to scrap all the old ones all of a sudden, they bought those companies because they will need more in the future and are big into vertical integration/ controlling their supply chain.... probably will phase them out over time when they have exceeded their usefulness, but it's going to be over years, and their orders need to start being produced en masse very soon. PrintRite can't provide closed loop quality control without being integrated into the machine somehow (like, it would have to communicate with the controls of the printer itself) BUT it CAN provide In-Process Quality Assurance-- where it alerts the manufacturing engineer when conditions arise where defects are likely to occur so they can hold-tag and recalibrate, rather than running a whole day and have a whole day or shift's worth of scrap. If that makes sense. It is still a huge cost/time savings because right now they inspect after the fact and it takes a day or two to do all the tensile tests, etc meaning if a part is out of spec the entire run will be scrapped. [My husband works in quality/metallurgy so I hear all about it]