Replies to post #25250 on Sigma Labs Inc (SASI)

[3dtdman]

Great news! Wonder if GE is a customer? Yeah, I know Sigma only has one machine coming on line, but it'll be a while before GE gets the Auburn facility going, they understand the importance of closed-loop control, they need those nozzles (and other DMLM parts), and are still in the ramping up stage. Don't know if this position has been filled:

https://www.linkedin.com/jobs2/view/17353639

Maybe GE will start outsoucing, making it a contractual necessity that any potential vendor have the Sigma software installed on their machines. Just speculating...
If not GE, well, there are plenty of other customers around. Thanks for digging up the article. Wonder when it'll hit Yahoo or other mass distribution sites?

[ZRock]

SGLB Nice news, probably hit wires bout 0800 est.. Z


Sigma Labs Launches Commercial Activities for 3D Printed Parts

New M290 3D Metal Printer on Track for Installation and Commencement of Production; Company Receives Request for Quotes


SANTA FE, N.M. – October 16, 2014 – Sigma Labs, Inc. (OTCQB: SGLB) (“Sigma Labs” or the “Company”), a developer of advanced, in process, non-destructive quality inspection systems for metal-based additive manufacturing and other advanced manufacturing technologies, today announced that it has launched commercial activities for 3D printed parts. The Company began accepting request for quotes for the production of precision metal parts in connection with its receipt of shipment notification from Electro Optical Systems (EOS) for delivery of a new Model 290 3D metal printer. The machine is scheduled for arrival at Sigma Labs’ facilities in Santa Fe, New Mexico by the end of October. The Company expects to complete the installation and integration of the machine with its PrintRite3D® quality assurance system no later than November 21.

“We are pleased to begin commercial production of 3D printed parts upon the installation of our new state-of-the-art M290 3D metal printer,” said Mark Cola, President and Chief Executive Officer of Sigma Labs. “Our successful marketing efforts have resulted in the receipt of advance requests for quotes for 3D printed parts. Our customers are already requesting delivery dates in anticipation of M290 machine delivery. This demand recognizes our unique value proposition which brings together the latest in 3D metal printing machinery with our PrintRite3D® technology for high-end, precision metal parts.”

The new EOS M290 will allow Sigma Labs to enhance its product offerings with respect to its current PrintRite3D suite of technologies, including the successful commercial launch of PrintRite3D® INSPECT™ and the introduction of PrintRite3D® DEFORM™ expected in the first quarter of 2015, as well as permit the Company to provide rapid prototyping and small lot production services. Upon full installation of the EOS M290 in conjunction with Sigma Labs’ platform technologies, the Company will be positioned to execute on any orders received for contract manufacturing of precision parts and for the deployment of new service launches. Collectively, Sigma Labs will deliver on its mission of providing advanced manufacturing technologies to help customers reduce process development times, reduce inspection and part rejection costs, and get parts into production faster.

About Sigma Labs, Inc.

Sigma Labs, Inc., through its wholly-owned subsidiary B6 Sigma, Inc., develops and engineers advanced, in-process, non-destructive quality inspection systems for commercial firms worldwide seeking productive solutions for metal-based additive manufacturing or 3D printing, and other advanced manufacturing technologies. For more information please visit us at www.sigmalabsinc.com.

Forward-Looking Statesment

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often contain words such as "expects," "anticipates," "intends," "believes" or "will." Our forward-looking statements are subject to a number of risks, uncertainties and assumptions that could adversely affect us, including the risks set forth in our most recent annual report on Form 10-K. The forward-looking statements in this press release are made only as of the date of this press release. We undertake no obligation to update our forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE Sigma Labs, Inc.

Investor Relations Contact:
Chris Witty
[e-mail]
646-438-9385



Return

[GetRich1day]

Jackle, Thanks much for the news and link! Awesome!

[stocker83]

Excellent news on a Friday ! The more they show they can create good parts in a timely manner the more contracts they will get. Excellent news to show their capabilities and to be a business that generates revenues along with advancing their own technologies. Seems that it takes. 1 month to install print rite on machines so I would suspect ge would make an announcement on sglb within weeks of them installing their machines at their new plants IMO..

[DriftinWayOfLife]

Taking this as the starting point into speculation-land, my take is that it is also possible that OEMs who have some interest in PR3D will contract for parts to be made by Sigma, despite the EOM having the capacity to make the part independently. Crazy thought? Maybe, but a big part of the incentive for the use of PR3D is also the efficiency. MC and VD have repeatedly emphasized that PR3D can speed up production time by a factor of ~25%. Nice statement, however if I were in charge of a buying decision to plunk down the $ and sign an ongoing contract for handing over periodic payments for use of PR3D it would be very nice to have Sigma demonstrate the time savings by printing up a part or three and observing the print. Look at the object. IF PR3D makes good on the claim of 25% faster, then each of my machines would become 25% more valuable, need less floor space, need fewer machines, etc etc.. these are very important factors when one looks at the capacity of EOS, Arcam, etc to ramp up their numbers. It is entirely possible that Sigma is going to be doing this part production as a demonstration of PR3D to OEMs which have not participated with Sigma directly or through the various group efforts such as DARPA, AMERICA MAKES, EWI... or it could be just the start of a contract manufacturing business aspect which in and of itself could be successful - after all, that was the focus and business that Greg Morris was in before GE bought Morris Technologies..and look where he is now.

patience and GLTA

btw, yesterday I increased my SGLB holding by nearly 5% and will continue to add as I can.

[stocker83]

“We are pleased to begin commercial production of 3D printed parts upon the installation of our new state-of-the-art M290 3D metal printer,” said Mark Cola, President and Chief Executive Officer of Sigma Labs. “Our successful marketing efforts have resulted in the receipt of advance requests for quotes for 3D printed parts. Our customers are already requesting delivery dates in anticipation of M290 machine delivery. This demand recognizes our unique value proposition which brings together the latest in 3D metal printing machinery with our PrintRite3D® technology for high-end, precision metal parts.”

Clearly from their talks with other companies people are even buying into their product before they even have a machine to showcase which is great news. I wonder if these quotes are coming from the medical field or another field, either way this is great. Interesting was " our customers are already requesting delivery dates" meaning some keen investors want to use their technology. Exciting times ahead!