Sigma Labs Inc (SASI)

[GetRich1day]

ARCAM INCREASES SALES, MOVING THROUGH “CHALLENGING MARKET SITUATION”

Magnus René, Arcam President & CEO, writes “The growth in the period is due to the interest from our largest shareholder GE, in EBM systems for test and evaluation. In the period the order intake from GE was 12 EBM systems and 16 systems were delivered to GE.”

As many have stated T&E is still occurring in the industry even as GE ramps up for mass AM production. SGLB can take advantage using their lead to continue to develop their PrintRite3D to meet customer requirements which has been occurring with the Early Adopter Program.

Arcam’s CEO says that the new orders and demand in general is driven by the, “aerospace industry that is now moving into production, and by the increasing interest for Additive Manufacturing from the orthopedic industry.” The CEO also notes that, “customers are still hesitant launching large manufacturing projects.”

Arcma's CEO confirms that the customer base continues to have concerns about moving to mass production. I believe that many are waiting on the AM standards to be released. I believe customers want a AM roadmap laid out for them to save funds on the significant R& D that it takes to be a trailblazer like GE.

René notes that, “demand of metal powder for Additive Manufacturing continues to grow rapidly” and Arcam continues “to secure long-term supply agreements to important customers within the orthopedic and the aerospace industries.”

Arcam plans to double their production capacity of metal powder within months. “At AP&C we have expanded the organization to prepare for the opening of our new metal powder manufacturing plant. The expansion of AP&C’s new plant is proceeding according to plan and the new facility is expected to be completed in September,” says René.

Rene also seems to confirm that more production is coming in the second half of this year; thus, hopefully more PRintRite3D orders.
https://3dprintingindustry.com/news/arcam-increases-sales-moving-challenging-market-situation-119579/