NetworkNewsWire
Editorial Coverage: COVID-19 has disrupted every aspect of
life, accelerating changes in everything from simple daily tasks to
traditional key business models; citizens worldwide are preparing
for a new normal.
In addition to vast social ramifications, the fallout from the
COVID-19 pandemic has exposed the fragility and complicated nature
of both manufacturing and supply chains as well as their
susceptibility to disruption from disease, political unrest, or
natural disaster. Out of necessity, manufacturers in the new normal
will build factories much closer to where critical parts are
needed, reduce the human workforce, and rely more on software and
efficiency technologies like 3D printing. At the epicenter of this
sea of change is Sigma Labs Inc. (NASDAQ: SGLB)
(SGLB
Profile) with its revolutionary
patented technology that detects and identifies defects and
anomalies in real-time during the 3D printing process of metal,
paving the way for scalability and economic efficiency.
Amazon.com Inc. (NASDAQ: AMZN) has created a
blueprint for consumer supply chain evolution, proving the
importance of bringing outputs closer to where they are needed.
Microsoft Corporation (NASDAQ: MSFT) has turned
its software prowess toward 3D printing in a consortium that has
created a modern manufacturing 3D printing file format, 3MF. For
additive manufacturing, this new format replaces older file formats
and eliminates many interoperability issues. Software behemoth,
Autodesk Inc. (NASDAQ: ADSK), makes a broad range
of 3D software tools for almost every industry, essential for rapid
prototyping and industrial manufacturing. Engineering simulation
software from ANSYS Inc. (NASDAQ: ANSS) allows
innovation to flow smoothly through design, testing, and into 3D
printing manufacturing. Software and technology are becoming
increasingly important as the world grapples with how to reinvent
social interaction and commerce in the post pandemic era.
To view an infographic of this editorial, click here.
3D Metal Printing: The Promise and
Challenge
Almost daily news reports attest to the speed, agility, and
efficiency of 3D printing to create and deliver desperately needed
healthcare equipment and devices. Additive manufacturing (AM) is
proving in real time that it speeds production, allows flexibility,
and brings new ideas to market quicker at lower cost. Though 3D
printing of plastics and polymers has moved easily into the
mainstream, and home printers now sell for under $300, 3D metal
printing is proving to be a horse of a different color. Commercial
3D metal printing is gaining vital importance in the entire global
manufacturing sector—yet the efficiency it yields is not without
challenges. A myriad of variables from machines to materials create
production hurdles in metal additive manufacturing. 3D metal part
manufacturing continuously welds 10- to 30-micron layers of
powdered metal together with a laser to sculpt a final
three-dimensional product. Like something from science fiction, a
machine is actually creating the metal of a part while
simultaneously forming the shape of the part. As amazing as this
process is, metal additive manufacturers lack any assurance that
each newly formed part meets precise specifications in every
10-micron layer of a 3D part. As a result, 3D metal printing
manufacturers have been forced to rely on costly and time-consuming
post-production inspection techniques such as CT scan
inspection—which are effective, but also extremely costly.
To meet the supply chain demands of the new normal, achieve high
quality volume yields and slash post-production inspection costs,
the quality assurance problem in 3D metal manufacturing requires a
solution. Third party in-process quality assurance is critical to
the adoption and acceleration of metal AM and imperative to
adaptation of the new normal of global manufacturing.
Sigma Labs’ Solution
With its patented PrintRite3D(R) software, Sigma
Labs Inc. (NASDAQ: SGLB) presents a solution to the
costly quality-control challenges that impede the volume
manufacture of precision 3D metal parts. In doing so, Sigma’s
software could easily become indispensable in the global efforts to
meet the manufacturing challenges of post COVID. The company’s
breakthrough software has the potential to bolster and broaden
commercial metal additive manufacturing by enabling for the first
time cost-effective, non-destructive quality assurance during the
production process. PrintRite3D(R) is the leading technology in
identifying and classifying defects and anomalies in-process and
allows for errors to be corrected in real-time—even remotely.
From its inception by scientists at Los Alamos, Sigma Labs has
led the world in developing software that addresses serious quality
assurance issues in metal additive manufacturing and has become the
leading provider of in-process, quality assurance software to the
commercial 3D metal printing industry. Sigma Labs’ breakthrough
software looks to be the missing element to fully enable commercial
additive metal manufacturing at scale. The company has rocketed
from beta development and third-party validation of efficacy to
engaging multiple beta customers with some of the biggest names in
industry, to use in prestigious universities and R&D
institutes, and now to commercialization in an untapped market
estimated at over $2 billion dollars.
Sigma Labs has surrounded its IP portfolio with 34 issued and
pending patents both domestically and across 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.
Many believe that Sigma Labs’ PrintRite3D(R) is the singular
solution the additive manufacturing industry needs. The company’s
patented PrintRite3D software integrates inspection, feedback, data
collection and critical analysis into a unified platform. Unheard
of before in the industry, PrintRite3D uniquely leverages thermal
signatures to monitor the quality of each product part in the
production process, layer by layer and in real time. This allows
operators to correct or stop production of a defective part, even
remotely, which results in reduced error rates and higher yields
and scalability. This incredibly sophisticated and powerful
technology may play a key role in the new normal post-pandemic
era.
Confluence of Opportunity and Circumstance
3D printing was already posting an astounding CAGR of nearly 30%
before the world was beset by this virus, and with the impending
shifts in supply chain strategy, it’s hard to imagine that 3D
printing won’t expand at even greater rates. The Fourth Industrial
Revolution has been underway, and 3D printing remains at the
forefront of the $100 trillion
technological transformation, accelerating the confluence of
digital, biological, and physical innovations across the planet.
The circumstances of this virus will only expedite industry and
societal adoption of these transformations.
Sigma Labs enjoys a significant technological lead with
formidable barriers of entry, which effectively impedes any
potential competition. The company has established strategic
partnerships, surrounded the IP with patents and is laser focused
on the opportunity ahead. Interestingly, Sigma’s unique business
model accelerates both revenue growth and profitability in direct
correlation to the explosive industry growth of additive
manufacturing. Sigma Labs’ technology is a critical component in a
major disruptive industry and has been validated across all major
customer segments. Sigma’s functionality and coverage of 3D
printers as well as the depth and breadth of its market footprint
are as yet unmatched in the industry by any other 3rd party
solution. The company has identified an addressable
market in 2021-2027 of approximately $2 billion and is well on
the way to achieving its strategy and mission statement to
accelerate the adoption of AM and become the de facto standard for
3rd party in-process quality assurance of metal 3D printing.
As suppliers continue to seek ways to improve the efficiency of
their supply chains while maintaining a strong bottom line,
potentially moving production centers closer to distribution
outlets, 3D metal printing’s capability and promise have the
potential to resonate with industries of all kinds. Sigma's
revolutionary software could prove crucial to reducing time and
cost of product development, qualification, and post-processing
quality assurance as factories of the future respond to the
challenges of the times.
Business in the New Normal
Amazon.com Inc. (NASDAQ: AMZN) has already done
much to change the shape of supply chains. Its movement of
distribution centers closer to the consumer reflects some of
the benefits of 3D printing by producing products closer to where
needed. This has allowed Amazon incredible efficiencies, leading to
next-day, same-day, and even 2-hour delivery of products. Its
efficient delivery service has made Amazon a critical resource for
many during the COVID-19 crisis.
Software giant Microsoft Corporation (NASDAQ:
MSFT) has extensive experience with supply chain
interruption and 3D printing. Even before the virus made its
presence felt in the United States. Microsoft was hit early on by
the effects of the virus in China and the measures needed to
control it. Microsoft also invested in
the technology several years ago, indicating its confidence in
the potential of 3D printing in manufacturing.
Autodesk Inc. (NASDAQ: ADSK) describes its work
as making software for people who make things. The company makes a
broad range of 3D software tools for almost every industry,
essential for rapid prototyping and industrial manufacturing. Its
recent alliance
with Aurigo Software provides integrated solutions for the
design, manufacture, and production of everything from towering
skyscrapers to tiny gadgets. One of six
companies creating the Large Additive Subtractive Integrated
Modular Machine (LASIMM), one of the world’s largest hybrid
manufacturing machines, Autodesk is rapidly bringing 3D printing up
to industrial scale across multiple components and sectors.
ANSYS Inc. (NASDAQ: ANSS) develops
multi-physics engineering simulation software for product design,
testing and operation. By simulating the performance of products
under stress, its software exposes weaknesses in designs,
significantly reducing the time and cost involved in bringing
production online. Using its products for a complete simulation
workflow can help companies move additive metal production from
R&D to successful manufacturing operations. Sigma Labs looks to
integrate its QA software with ANSYS’s simulation software, to
further improve this workflow.
As the world continues to witness the disruption of traditional
business models due to the fallout from COVID-19, technological
innovations will play an increasingly important role in adjusting
to the new normal.
For more information on Sigma Labs, visit Sigma Labs Inc.
(NASDAQ: SGLB)
About NetworkNewsWire
NetworkNewsWire
(“NNW”) is a financial news and content distribution company, one
of 40+ brands within the InvestorBrandNetwork (“IBN”), that
provides: (1) access to a network of wire
solutions via NetworkWire to
reach all target markets, industries and demographics in the most
effective manner possible; (2) article and
editorial syndication to 5,000+ news outlets; (3)
enhanced press release solutions to ensure maximum
impact; (4) social media distribution via IBN
millions of social media followers; and (5) a full
array of corporate communications solutions. As a multifaceted
organization with an extensive team of contributing journalists and
writers, NNW is uniquely positioned to best serve private and
public companies that desire to reach a wide audience comprising
investors, consumers, journalists and the general public. By
cutting through the overload of information in today’s market, NNW
brings its clients unparalleled visibility, recognition and brand
awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text
“STOCKS” to 77948 (U.S. Mobile Phones Only)
For more information, please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the
NetworkNewsWire website applicable to all content provided by NNW,
wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
NetworkNewsWire is part of the InvestorBrandNetwork
DISCLAIMER: NetworkNewsWire (NNW) is the source of the Article
and content set forth above. References to any issuer other than
the profiled issuer are intended solely to identify industry
participants and do not constitute an endorsement of any issuer and
do not constitute a comparison to the profiled issuer. The
commentary, views and opinions expressed in this release by NNW are
solely those of NNW. Readers of this Article and content agree that
they cannot and will not seek to hold liable NNW for any investment
decisions by their readers or subscribers. NNW is a news
dissemination and financial marketing solutions provider and are
NOT registered broker-dealers/analysts/investment advisers, hold no
investment licenses and may NOT sell, offer to sell or offer to buy
any security.
The Article and content related to the profiled company
represent the personal and subjective views of the Author, and are
subject to change at any time without notice. The information
provided in the Article and the content has been obtained from
sources which the Author believes to be reliable. However, the
Author has not independently verified or otherwise investigated all
such information. None of the Author, NNW, or any of their
respective affiliates, guarantee the accuracy or completeness of
any such information. This Article and content are not, and should
not be regarded as investment advice or as a recommendation
regarding any particular security or course of action; readers are
strongly urged to speak with their own investment advisor and
review all of the profiled issuer’s filings made with the
Securities and Exchange Commission before making any investment
decisions and should understand the risks associated with an
investment in the profiled issuer’s securities, including, but not
limited to, the complete loss of your investment.
NNW HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains “forward-looking statements” within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E the Securities Exchange Act of 1934, as amended and
such forward-looking statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. “Forward-looking statements” describe future expectations,
plans, results, or strategies and are generally preceded by words
such as “may”, “future”, “plan” or “planned”, “will” or “should”,
“expected,” “anticipates”, “draft”, “eventually” or “projected”.
You are cautioned that such statements are subject to a multitude
of risks and uncertainties that could cause future circumstances,
events, or results to differ materially from those projected in the
forward-looking statements, including the risks that actual results
may differ materially from those projected in the forward-looking
statements as a result of various factors, and other risks
identified in a company’s annual report on Form 10-K or 10-KSB and
other filings made by such company with the Securities and Exchange
Commission. You should consider these factors in evaluating the
forward-looking statements included herein, and not place undue
reliance on such statements. The forward-looking statements in this
release are made as of the date hereof and NNW undertakes no
obligation to update such statements.
Source:
NetworkNewsWire
Contact:
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.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