- Provider
of revolutionary quality assurance software to the commercial 3D printing
industry under the PrintRite3D® brand
- Estimated
addressable market is $1.4 billion, projected to exceed $3.9 billion by
2023
- Currently,
there are 23 Sigma Lab installations across 19 different users located
around the globe
- Evaluations
are underway with Tier-1 OEM clients for potential production-level
software integration
- Experienced
management team with deep industry experience, supplemented by an industry
leading scientific advisory board
- Robust
patent strategy established to protect intellectual property with seven
patents granted, 18 patents pending, and four patent applications
pre-publication
Sigma
Labs Inc. (NASDAQ: SGLB) is the only provider of in-process
quality-assurance software to the commercial 3D printing metal industry that
enables operators of machines making 3D metal parts to offset emerging quality
problems, sustain part quality, and avoid rejects. Sigma’s software is the
singular solution that enables both real-time, in-process detection of quality
control manufacturing irregularities for critical metal parts and then provides
the operator the actionable information needed to adjust and mitigate the
developing anomaly. Sigma Labs’ software represents a paradigm shift in the
quality control process for the manufacture of 3D printed metal components. The
nascent 3D metal printing industry is on the verge of radically altering the
speed and technical complexity of manufactured parts. Further, it makes
possible just-in-time availability of critical components – all at reduced
cost, time, waste and weight. 3D printing, heralded as the fourth industrial
revolution in manufacturing, will only truly surpass traditional techniques
when the additive manufacturing industry moves from “post process” quality
control to “in process” quality assurance.
For the industry to move from prototype manufacturing of critical
components to economically viable commercial production, the 3D metal printing
industry must find ways to dramatically increase production speed and quality
yields, and to dramatically decrease the excessive cost of quality control. To
achieve these prerequisites and move 3D metal printing into the mainstream,
parts must be inspected and certified during the manufacturing
process rather than after. Parts in the production process that are developing
signs of quality control problems must be identified in real-time and alerts
must be issued. The problem, along with the solution, must then be communicated
to the machine operator to implement repairs.
Revolutionizing Additive Manufacturing
Sigma Labs, with its PrintRite3D® brand, has established a
new benchmark in the development and commercialization of real-time computer
aided inspection (“CAI”) solutions. Sigma Labs resolves the major roadblocks
and costly quality control challenges that impede the 3D manufacture of
precision metal parts. The company’s breakthrough computer-aided software
product revolutionizes commercial additive manufacturing, enabling
non-destructive quality assurance during production, uniquely allowing errors
to be corrected in real-time.
Sigma Labs was founded in 2010 by a team of Los Alamos
National Labs scientists and engineers to develop and commercially license
advanced metallurgical products for the military ordinance, dental implants,
and then for additive manufacturing (3D printing). After assessing 3D metal
printing technology and the costly, inconsistent quality control issues, Sigma
Labs concluded that the enormous potential of 3D metal printing could only
scale up if in-process quality-assurance tools were developed to observe,
manage and control the manufacturing complexities in such a manner that
reliability and repeatability of very high precision quality metal parts could
be achieved in the process. Sigma Labs’ patented and third-party validated
software has achieved these objectives and now delivers the critical elements
needed to unleash the promise of 3D metal printing.
Sigma Labs’ products and services are engineered,
manufactured and qualified for use in the highly demanding and hyper precise
production environments of the aerospace, defense, transportation, oil and gas,
biomedical and other precision-dependent industries.
The Challenge
Additive metal manufacturing combines multiple processes and
parts into one single 3D printed part. Due to variances in the additive
manufacturing process, parts of consistent quality currently can’t be reliably
produced in either large or small quantities without substantial postproduction
inspection and rejection costs. Parts are inspected after production using CT
scans and other means, so the manufacturer doesn’t know until the very end
which of the finished parts meet design specifications. This means lost time,
lost profits and inability to economically scale up production.
Innovative Approach
Sigma Labs solves this problem with its patented, in-process
quality control technology that informs operators and engineers how to improve
both the manufacturing process and quality by capturing meaningful data about
inconsistencies in real-time. Sigma Labs is also partnering with OEMs, working
toward the visionary introduction of revolutionary closed-loop control that
will bypass the machine operator and automatically make in process corrections
by reducing machine variations.
Sigma Labs’ next generation technology gives manufacturers
the ability to make fast, virtual real-time adjustments so that each finished
part is uniform and within critical specifications, thereby improving
production quality, decreasing end-users’ risks and waste, and increasing profits
and speed to market. Sigma Labs’ PrintRite3D® IPQA Software monitors and
assesses the quality of each production part in the 3D additive manufacturing
process – layer by layer, and in real-time. This has never been available until
now.
Sigma Labs maintains a strong intellectual property
portfolio consisting of trade secrets, process know-how and 34 patents either
granted, pending or awaiting pre-publication around the globe. These patents
encompass the fundamental technologies underlying Sigma Labs’ melt pool process
control, data analytics, anomaly detection, signature identification, and
future “closed-loop control” of 3D metal printing.
Market Opportunity
Providing advanced quality assurance software to the
commercial 3D printing industry is currently a $1.4 billion addressable market
expected to grow to $3.9 billion by 2023. Integrating Sigma Labs’
groundbreaking software helps arm the industry with a necessary catalyst to
help enable and optimize the fourth industrial revolution in manufacturing.
Sigma Labs’ global client base includes 23 installations
across 19 different users. Tier-1 OEM enterprises and end-users such as
Siemens, Honeywell, Pratt & Whitney and others are currently evaluating
PrintRite3D® for production lines.
Management Team
John Rice, CEO and chairman of the board of directors, has
extensive experience as a CEO, lead negotiator, turnaround expert, business
financier and crisis management executive/consultant. Prior to becoming chair
and CEO of Sigma Labs, he was the CEO of a successful turn-around of a
Coca-Cola Bottling Company. Rice has led a variety of companies in diverse
business sectors and worked on a host of products and technologies including
design and manufacture of high-end jet engine test equipment for the U.S.
Airforce, chaff dispensers for F16s, software for modeling naval exercises,
software for controlling warehouse distribution systems, medical radioisotopes,
cancer detection, and cybersecurity. He is an honor’s graduate of Harvard
College.
Darren Beckett, CTO, has over 20 years of experience in the
semiconductor industry, including Intel Corporation, where he held various
technical and managerial positions. His expertise in process engineering for
advanced manufacturing technology includes statistical process control for
fabrication of semiconductor devices.
CFO Frank D. Orzechowski also serves as treasurer, principal
accounting officer, principal financial officer and corporate secretary. He has
more than 30 years of distinguished financial and operational experience.
Orzechowski began his career at Coopers & Lybrand in 1982, received his CPA
certification in 1984, and received his Bachelor of Science in Business
Administration with a major in accounting from Georgetown University in 1982.
Ronald Fisher, vice president of business development, is
leading the commercialization of PrintRite3D® 5.0. Fisher is a mechanical
engineer with hands-on experience in quality, manufacturing and product
development. He has distinguished himself as a lead sales and marketing officer
as well as a chief operating officer most recently before joining Sigma in
technology startup that grew from market entry to successful exit by
merger-acquisition.
For more information, visit the company’s website at www.SigmaLabsInc.com
NOTE TO INVESTORS: The latest news and updates
relating to SGLB are available in the company’s newsroom at http://ibn.fm/SGLB
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