- SGLB recently awarded contract by the Mississippi State University Center for Advanced Vehicular Systems to install PrintRite3D software
- PrintRite3D (R) is sole solution for addressing in-process, quality-control issues for 3D metal printing
- Project demonstrates ability of PrintRite3D to serve as real-world testing ground
- Current addressable market for quality-assurance software is $1.4 billion, expected to reach $3.9 billion by 2023
Sigma Labs Inc. (NASDAQ: SGLB), a leading provider of quality-assurance software for the 3D-metal-printing industry, was recently awarded a contract by the Mississippi State University Center for Advanced Vehicular Systems (CAVS), a leading interdisciplinary research center that addresses challenges faced by U.S. mobility industries using state-of-the-art technology. The contract involves the installation of Sigma Lab’s PrintRite3D(R) on a Renishaw AM400 machine, further demonstrating the platform’s interoperability on an increasingly large base of AM machine manufacturers.
PrintRite3D is Sigma Labs’ patented, in-process, quality-assurance software for the commercial 3D-metal-printing industry, aiming to solve the in-process, quality-control issues that impede the industry from moving past the prototype phase. Because the 3D printing process involves the continuous layering of raw materials to form a 3D object, errors are currently found at the end of the production process during the inspection phase – often resulting in rejected output, lost time, wasted materials and lost profits.
PrintRite3D addresses this issue by providing real-time, melt-pool analytics, leveraging thermal signatures to monitor the quality of each part in the production process, layer by layer and in real time. This information allows operators to stop production of a defective part or employ corrections in-process, ultimately solving the quality consistency issues and giving producers the ability to economically scale up production with increased confidence.
CAVS is a world-class, premier automotive research center, employing more than 300 staff and researchers. Through the use of high-performance, computational resources and state-of-the-art analytical tools for modeling, simulation and experimentation, the center aims to solve some of the most pressing engineering challenges facing US mobility industries.
“They have agreed to act as a test bed for new product improvements to PrintRite3D, uniquely allowing us a real-world feedback loop to continuously improve our technology suite,” Sigma Labs Executive Chairman Mark K. Ruport stated in a news release. “I look forward to working with the entire team at CAVS to bring a new level of quality assurance to both their partners and the additive manufacturing industry as a whole.”
Besides partnerships in the educational sector, SGLB has a global client base that includes many tier-1 OEM enterprises and end users such as Siemens, Honeywell, and Pratt & Whitney. The company is currently in the execution and delivery phase of its commercial development with millions of dollars of investment focused on refining the latest version of PrintRite3D and protecting the IP.
Recognized as a technological game changer in the industry, SGLB’s software is being tested at 23 installations across 19 different users – some of which are the most recognized names in the industry. Currently estimated at a $1.4 billion addressable market, the provision of advanced-quality assurance software to the commercial 3D printing industry is expected to grow to $3.9 billion by 2023.
For more information about Sigma Labs, please visit www.SigmaLabsInc.com
NOTE TO INVESTORS: The latest news and updates relating to SGLB are available in the company’s newsroom at http://nnw.fm/SGLB
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