- SGLB’s
PrintRite3D(R) software disrupts growing 3D printing industry
- 3D
printing recognized as game-changing technology that will enhance numerous
industries, from aerospace and construction to oil and gas and medical
- Multibillion-dollar
market expected to produce exponential growth rates for decades
According to a 3D Printing Media Network article (http://ibn.fm/drfyG), the latest
Formnext 2019 exhibition clearly showed that the 3D printing industry is
thriving, showing disruptive potential and ability to save time and money for a
wide range of industries. Sigma Labs Inc. (NASDAQ: SGLB), a recognized pioneer in the
3D metal-printing industry, is remarkably well positioned to leverage the
explosive growth of the 3D printing industry with its unique PrintRite3D
quality-assurance software.
SGLB’s PrintRite3D software revolutionizes the commercial 3D
metal-printing industry as the only real-time, in-process, quality-assurance
software that enables nondestructive quality-control intervention during the
production process. Furthermore, this enables the creation of documentation for
the quality of parts that customers may archive to preserve proof of quality
microstructure of the metal should there ever be an investigation as to the
cause of performance failure. The software’s unique abilities solves the
industry’s most significant hurdle that prevents it from growing at scale.
Formnext, the premier, global 3D-printing exhibition and
conference held annually in Frankfurt, Germany, was bigger than ever – proving
that the emerging industry is snowballing as it gains momentum among
manufacturers and investors alike. According to 3D Printing Media Network, the
additive manufacturing industry has been growing at the annual rate of 35% for
the past three decades, and it will continue to do so for the next century and
beyond until it eventually becomes the primary method of manufacturing. These
impressive growth rates, equivalent to the industry’s doubling in size every
two years, are in line with Moore’s law that drives dynamics in the digital
world, endowed with exponential growth potential.
The number of companies presenting at Formnext will continue
to grow as AM firms are increasingly specializing in specific verticals, such
as dental, machine tools, aerospace, construction, automotive and oil and gas
in addition to medical and bioprinting. For these verticals to embrace 3D
printing in their manufacturing processes, the 3D metal-printing industry must
be able to increase production speed and quality while at the same time
reducing the excessive cost of post manufacturing quality control.
Currently, the only solution that brings these benefits is
SGLB’s PrintRite3D quality-assurance software, which allows detection of
quality-control problems during the manufacturing process. This game-changing
software not only identifies production anomalies in real time but provides operators
with actionable information that allows them to promptly implement repairs as
soon as defects are detected, thereby reducing rejects and saving time and
money.
The industry’s hallmark conference, Formnext, showed that
the 3D printing has outgrown the tight-knit, enthusiastic group of
professionals where it began, maturing into an industry that will transform
manufacturing. The article observes that the 3D printing industry is growing
along two diverging paths. The first includes traditional market leaders that
have been growing between 10% and 20% annually, even through the industry’s
hardest times. Although they continue to be the ones that sell the most
systems, these market leaders belong to a more traditional way of doing
business that often collides with exponential, digital growth, so many will
struggle to compete with aggressive, well-funded and more digitalized
challengers.
As the article reports, these challengers are a new
generation of market players, mainly originating in the United States, that
attract investors with a business model based on industrializing 3D printing as
a scalable production solution. The model aims at selling industrial 3D
printers – even those with price tags above $100,000 – not by the ones, but by
the tens, hundreds and eventually thousands.
“AM is a tiny percentage of global manufacturing and – even
though most operators don’t want to say it – will eventually become the primary
method of manufacturing,” the article states, observing that if hundreds of
companies are to sell machines by the thousands, it will require that 3D
companies are used to manufacture millions of parts. However, going from
producing ten parts to producing a million parts at a 35% annual growth rate
would take around 40 years, the article concludes.
As a pioneer in the 3D metal-printing industry, SGLB is an
attractive investment opportunity that allows investors to benefit from its
early positioning as a game changer enabling the scale-up of the 3D
metal-printing industry. With its revolutionary quality-control software, SGLB
creates a pathway for the projected exceptional 3D metal-printing growth to
materialize. The company is a well-timed investment that provides investors
with an opportunity to capitalize on the exponential growth of the industry at
an early stage, with valuations to match.
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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