Well, when you are operating a company that has employees, you have to pay them for the work they do in order for you to make more money.
I understand it's a difficult concept for some minds to wrap around the idea.
First and only real time IPQA thru DARPA.
First US company in Fraunhofer AIPT
Member of prestigious MTC in UK.
Continued advancement of software and business relations.
Here's just some of the progress made during the last quarter.
Also,
Make sure you notice the important words,
On January 17, 2019, we announced we were awarded a Test and Evaluation Program contract with a ***leading global materials and service provider in AM***. The program is designed to demonstrate the value of Sigma’s PrintRite3D® product capabilities and performance and to validate and quantify the repeatability and variability of AM production processes.
revenues from existing and future PrintRite3D®-***proof of concept contracts, follow-on contracts resulting from successful proof of concept engagements***((((sigma software is effective, the companies are still learning how effective...we already proved it with very skilled personnel thru a 6 year study with DARPA))), possible strategic partnerships, contract manufacturing orders in connection with our EOS M290
On May 14, 2019, we announced that we will launch Version 5.0 of our PrintRite3D® platform at the RAPID+TCT 2019 Additive Manufacturing Conference in Detroit on May 21-23, 2019.
On April 30, 2019, we announced that the Company’s PrintRite3D® software has been shown to ensure process consistency and product quality in metal additive manufacturing, according to a research study sponsored by the Defense Advanced Research Project Agency (DARPA) Open Manufacturing Program and conducted in tandem with Honeywell Aerospace at Honeywell’s Advanced Manufacturing Engineering Center. The paper, titled “LPBF [Laser Powder Bed Fusion] Right the First Time—the Right Mix Between Modeling and Experiments,” discusses the validation involved in manufacturing a challenging metal component.
On March 26, 2019, we announced the appointment of the Company’s new Business Development Manager, Americas, who will be responsible for developing key accounts through the Company’s Rapid Test and Evaluation Program and for bringing PrintRite3D INSPECT® into deployment across ****serial production operations in North and South America.****
On March 15, 2019, we closed a public offering of equity securities resulting in net proceeds of approximately $1,679,230, after deducting placement agent commissions and other offering expenses payable by us.
***On February 26, 2019, we announced that we were named a member of the Manufacturing Technology Centre (“MTC”) located at Ansty Park, Coventry, UK. Being a member of the MTC enables us to share and provide expertise and solutions for a number of MTC’s projects and also network with MTC’s existing members, including some of the UK’s leading aerospace companies.***
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On February 12, 2019, we announced that we were named a member of the Additive Alliance of Fraunhofer IAPT, a leading network for AM. As the ****first US company to be granted a membership in the Alliance, Sigma became part of the global research consortium to advance the development and implementation of AM****. The membership enables us to demonstrate our PrintRite3D technology to key players in the market of metal AM.
On February 5, 2019, we announced that the U.S. Patent and Trademark Office has issued a Notice of Allowance for U.S. Patent Application No. 15/276,452, “Optical Manufacturing Process Sensing and Status Indication System.” The patent application covers a system of sensors configured to measure optical emissions generated by a scanning heat source during an additive manufacturing (AM) process and to analyze the data collected.
On January 17, 2019, we announced we were awarded a Test and Evaluation Program contract with a leading global materials and service provider in AM. The program is designed to demonstrate the value of Sigma’s PrintRite3D® product capabilities and performance and to validate and quantify the repeatability and variability of AM production processes.
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