- SGLB
recognized as creator of 3D printing industry’s most innovative
quality-assurance software.
- The
company has secured key relationships with major industry players
Materialise, NV;Siemens AG; and Airbus
- Global
3D-printing metal market expected to grow at CAGR of 31.8%, exceeding $3
billion by 2025
Sigma
Labs Inc. (NASDAQ: SGLB) is a leading developer of quality control
software for the commercial 3D-printing industry. The company’s PrintRite3D®
software, a proprietary real-time, computer-aided inspection (CAI) technology,
represents a seismic shift in the quality-assurance process in the manufacture
of 3D-printed metal components, and the entire sector is poised for
extraordinary growth.
3D metal printing technology, also known as additive
manufacturing, allows producers to transform a 3D-modeled digital object into a
three-dimensional physical object by adding material layer by 10 to 30-micron
layer, rather than subtracting it as in the traditional manufacturing process.
Sigma Labs has been recognized as the creator of the
industry’s most innovative quality-assurance software which is poised to help
unleash commercial 3D metal printing by enabling nondestructive, in-process
quality control, Sigma Labs has already engaged with renowned industry players
such as Materialise NV, Siemens AG and Airbus.
Materialise, one of the most innovative developers of
additive manufacturing software and printing solutions, has integrated Sigma
Labs’ PrintRite3D technology with its Materialise MCP controller and jointly
demonstrated the latest version of the software platform at Formnext, the
premier, global, 3D-printing exhibition and conference held in Frankfurt
earlier this year.
Siemens AG assisted Sigma Labs in advancing the early
version of PrintRite3D INSPECT 2.0 towards version 5.0. One of the largest
global oil-field services companies has entered the final stage of the
PrintRite3D rapid-test and evaluation program, the last step before commercial
orders. Sigma Labs also has a test and evaluation program with European
aerospace giant, Airbus.
- Now
embraced by a myriad of global industrial producers, 3D metal printing is
set to beneficially disrupt the $12 trillion global manufacturing
industry (http://ibn.fm/CgZP0).
The global 3D-printing metal market is expected to grow at an eye-popping
CAGR of 31.8% and exceed $3 billion by 2025 (http://ibn.fm/yXmdA).
Still, the nascent industry’s growth is hindered by a very costly and
burdensome quality-control process, which impedes production at scale.
- Edwards
said, “Inspection does not improve the quality, nor guarantee quality.
Inspection is too late. The quality, good or bad, is already in the
product. As Harold F. Dodge said, “You cannot inspect quality into a
product.”
Due to the variability of the 3D metal printing process,
consistent quality and inspection of produced parts is not reliably achievable
without substantial postproduction inspection using expensive CT scans and
other means, which result in high part rejection, lost time, lost profits and
inability to economically scale up production with reduced confidence. “In
process inspection develops a pathway to a decision ecosystem that enables
confidence in part quality” Beckett. When these operational and production
challenges are resolved, the whole industry will grow even faster than projected.
Sigma Labs’ PrintRite3D is the only solution that enables
real-time, in-process, quality-assurance tools to observe manufacturing
complexities while detecting irregularities and to intervene and avert loss of
products by alerting operators in-process and enabling them mitigate the
emerging problem(s). Sigma Labs is currently in the execution and delivery
phase of commercial development. Millions of dollars have been invested in
R&D, refining the latest PrintRite3D 5.0, protecting the IP and working
with 19 beta customers, some of which are the biggest names in the industry.
Recognizing the vast potential of the emerging 3D printing
industry to revolutionize the traditional manufacturing process, investors have
long been investing capital into 3D-printing companies as different sectors of
et industry have grown and many industrial applications are flourishing. The
overall industry has already created three companies valued in excess of $1
billion. 3D-printing unicorn Carbon is the highest valued of these
venture-backed startups, raising $680 million, at a valuation of $2.4 billion,
from prominent investors that include Sequoia Capital, GV, Madrone Capital
Partners and Baillie Gifford.
Sigma Labs’ people and flagship software PrintRite3D are
recognized game changers in the technologies poised to transform the
greater-than-$1-billion, yet still nascent, 3D metal printing industry.
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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