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Sigma Labs, Inc. (NASDAQ:SGLB) and Materialise (NASDAQ:MTLS) have launched a groundbreaking platform to enhance metal additive manufacturing (AM). This technology integrates Materialise's Control Platform with Sigma's PrintRite3D® sensor technology, enabling real-time identification and resolution of metal build issues, which increases process consistency and repeatability. This innovation addresses key barriers in scalability for serial production, helping manufacturers improve productivity and reduce scrap rates while adapting existing 3D printers or enhancing new machines.
Sigma Labs (NASDAQ:SGLB) announced a collaboration with Auburn University to implement its PrintRite3D® quality assurance solution on the university's EOS M290 machine. This partnership supports the National Center for Additive Manufacturing Excellence (NCAME) and aims to enhance 3D printing technologies for the aviation and space industries. Funded by a $3 million FAA grant, the initiative will explore the impact of microscopic anomalies in 3D-printed metals on mechanical performance. Sigma Labs emphasized the importance of addressing these manufacturing variabilities for effective material certification.
Sigma Labs (NASDAQ:SGLB) has partnered with Aconity3D to integrate its PrintRite3D quality assurance solution with Aconity3D's customizable metal printers. This collaboration aims to streamline the 3D metal printing process, enhancing part quality and accelerating industrial adoption. Aconity3D will offer PrintRite3D Ready printers through its online configurator, facilitating support for customers in sectors like aviation and automotive. This partnership is expected to boost production efficiency and reduce costs, positioning both companies at the forefront of additive manufacturing.
Sigma Labs (NASDAQ:SGLB) announced a virtual roadshow webinar on January 27, 2022, at 1:00 p.m. Eastern Time. CEO Mark K. Ruport will discuss expansion opportunities and key milestones for 2022. Participants can join via a webcast or by dialing in. A replay will be available after the event until April 27, 2022. Sigma Labs specializes in quality assurance software for the 3D printing industry, aiming for significant advancements in production efficiency using its PrintRite3D technology.
Sigma Labs (NASDAQ:SGLB) announced an initial order for two PrintRite3D systems to enhance its in-process quality assurance solution for selective laser sintering (SLS) polymer manufacturing. This development allows real-time monitoring across various 3D printers and material types. The industrial polymer market is significantly larger than its metal counterpart, with projected growth driven by sectors like healthcare and automotive. The company aims to address growing demand for quality assurance in 3D printing, marking a key expansion into polymer manufacturing.
Sigma Labs (NASDAQ:SGLB) has announced its active participation in Formnext 2021 in Frankfurt, Germany, showcasing its advancements in PrintRite3D in-process quality assurance (IPQA) technology. The company will present new features of PrintRite3D version 7.0, including machine learning capabilities and temperature monitoring. CEO Mark Ruport emphasized the significance of this event for reconnecting with customers and partners after the pandemic. Sigma Labs aims to accelerate the adoption of 3D metal printing technologies.
Sigma Labs (NASDAQ:SGLB) reported a 182% increase in revenues for Q3 2021, totaling $0.7 million due to strong sales of its PrintRite3D systems. The company achieved its first multi-unit sale to a U.S. Department of Energy contractor and a sale to a U.S. National Laboratory. Gross profit was $0.5 million with a margin of 76%. However, operating expenses rose to $3.0 million, leading to a net loss of $2.5 million, or $(0.24) per share. Cash reserves increased to $13.1 million from $3.7 million at the end of 2020.
SANTA FE, NM / ACCESSWIRE / October 14, 2021 / Sigma Labs (NASDAQ:SGLB) will hold a conference call on October 21, 2021, at 4:30 p.m. Eastern time to discuss its third quarter results for the period ending September 30, 2021. President and CEO Mark Ruport and CFO Frank Orzechowski will lead the call, which will include a Q&A session. Details for joining include a toll-free number at 1-877-407-9039. A live broadcast will be available, and a replay can be accessed post-call until November 4, 2021.
Sigma Labs (NASDAQ:SGLB) has been invited to present at the 14th Annual LD Micro Main Event on October 13, 2021. CEO Mark Ruport will discuss key operational milestones for the second half of 2021, including the appointment of Jacob Brunsberg from GE and an expanded collaboration with DMG MORI for In-process Quality Assurance (IPQA) systems. The presentation will be both in-person and virtual at 11:30 am ET, Track 2. Sigma Labs focuses on real-time monitoring solutions for 3D metal printing, which enhance production efficiency and reduce costs.
Sigma Labs announces the appointment of Jacob Brunsberg as Senior Vice President, enhancing its in-process quality assurance product development. Brunsberg, previously with General Electric Additive, brings extensive experience in managing P&L and commercializing technology. His leadership is expected to strengthen Sigma Labs' strategic relationships and boost revenue growth. CEO Mark Ruport emphasizes Brunsberg's innovative skills, which align with the company’s mission in the additive manufacturing sector.
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