Sigma Labs and Materialise Sign MOU to Integrate Real Time Melt Pool Analytics with Advanced Control Technology for Serial Pr...
June 18 2019 - 8:00AM
Sigma Labs, Inc. (NASDAQ: SGLB) (“Sigma Labs”), a provider of
quality assurance software, and Materialise NV (NASDAQ: MTLS), a
leading provider of additive manufacturing software and 3D printing
solutions, signed a non-binding Memorandum of Understanding to
cooperate in integration of the Materialise MCP Controller with
Sigma Labs’s PrintRite3D technology. Combining the sophisticated
control technology with in-situ process monitoring for metal
additive manufacturing will give customers maximal control on the
production process, allowing them to become even more productive.
The two companies are partnering to integrate this
inspection tool with the Materialise Control Platform (MCP). The
MCP is an embedded hardware solution that answers the growing need
for broader and more straightforward control over the AM process by
giving full control to the end user. The companies have
identified the potential to integrate the MCP with Sigma Labs’s
PrintRite3D® real-time meltpool analytics anticipating that the
result will be a unique integrated product solution for volume
manufacturing.
John Rice, CEO of Sigma Labs, said, “I believe that
this project has the potential to be an important leap forward for
the metal additive manufacturing industry. Sigma Labs and
Materialise are collaborating to be able to present a unique,
integrated product solution for volume manufacturing, with machine
validation, process validation, and in-process-quality-validation
in production. The requisite business relationship to best take
this initiative to market is under joint review by the companies.
It is a great privilege for Sigma Labs to partner with Materialise
on this project because Materialise is one the preeminent
technology founders in the AM space with deep knowledge of
the software and the control systems tools required to operate in
complex and dynamic environments. Accustomed to the legacy of
classical machine tooling and CNC equipment in manufacturing metal
parts, few yet appreciate that 3D metal printing is a total
reinvention of how metal is created into metal parts. In the
laser-powderbed process there are several machine and process
factors that cause machines to be unrepeatable. The solution for
managing these variables is better controls and software tools that
drive additive manufacturing machines, like a self-driving
automobiles. Materialise and Sigma Labs are allying on what I
believe may become a significant breakout towards this
solution.”
About Materialise Materialise
incorporates nearly 3 decades of 3D printing experience into a
range of software solutions and 3D printing services, which
together form the backbone of the 3D printing industry.
Materialise’s open and flexible solutions enable players in a wide
variety of industries, including healthcare, automotive, aerospace,
art and design, and consumer goods, to build innovative 3D printing
applications that aim to make the world a better and healthier
place. Headquartered in Belgium, with branches worldwide,
Materialise combines the largest group of software developers in
the industry with one of the largest 3D printing facilities in the
world. For additional information, please
visit: www.materialise.com.
About Sigma Labs
Sigma Labs, Inc. is a provider of quality assurance
software under the PrintRite3D® brand and a developer of advanced,
in-process, non-destructive quality assurance software for
commercial firms worldwide seeking productive solutions for
advanced manufacturing. For more information please visit us at
www.sigmalabsinc.com.
Forward-Looking StatementsThis
press release contains “forward-looking statements” within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended
(which Sections were adopted as part of the Private Securities
Litigation Reform Act of 1995). Statements preceded by, followed by
or that otherwise include the words “believe,” “anticipate,”
“estimate,” “expect,” “intend,” “plan,” “project,” “prospects,”
“outlook,” and similar words or expressions, or future or
conditional verbs such as “will,” “should,” “would,” “may,” and
“could” are generally forward-looking in nature and not historical
facts. These forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the
Company's actual results, performance or achievements to be
materially different from any anticipated results, performance or
achievements. The Company disclaims any intention to, and
undertakes no obligation to, revise any forward-looking statements,
whether as a result of new information, a future event, or
otherwise. For additional risks and uncertainties that could impact
the Company’s forward-looking statements, please see the Company’s
Annual Report on Form 10-K (including but not limited to the
discussion under “Risk Factors” therein) filed with the SEC on
April 1, 2019 and which may be viewed at http://www.sec.gov.
Contacts:
Media Relations:DGI
Comm212-825-3210
Investor Relations:Bret
ShapiroManaging DirectorCORE IR561-479-8566 brets@coreir.com
Sigma Labs (NASDAQ:SGLB)
Historical Stock Chart
From Aug 2024 to Sep 2024
Sigma Labs (NASDAQ:SGLB)
Historical Stock Chart
From Sep 2023 to Sep 2024