- Sigma Labs awarded two new patents on the same day for PrintRite3D(R) software
- PrintRite3D(R) further protected and positioned as the leading solution for quality control impediments to 3D metal printing industry
- Sigma Lab’s IP portfolio now expanded to 11 issued and 24 pending patents
- 3D manufacturing playing critical role in shortening, simplifying complex global supply chains as result of COVID-19
Sigma Labs Inc. (NASDAQ: SGLB), a software company that specializes in the development of real-time computer-aided inspection software for 3D metal printing, has further solidified its first-mover status in the industry through the acquisition of two new patents for its flagship software, PrintRite3D(R).
Positioned as the definitive quality control software solution for 3D metal printing, PrintRite3D(R) detects defects and anomalies during the manufacturing process in real-time, giving operators an accurate, comprehensive and reliable quality assurance solution. PrintRite3D(R) can save time, money and valuable raw materials – in addition to acting as a catalyst to accelerate the industry’s transition past the prototype phase and into serial production.
Quality control remains one of the primary impediments holding back the 3D metal printing industry due to the high cost of rejected parts and time spent in the post-production inspection phase. Since the 3D printing process creates objects by applying layers of raw material on top of each other, the potential for errors is high without in-process quality control measures in place that detect anomalies in real time that allow for error correction.
PrintRite3D(R) is the leading solution that addresses this issue through in-process monitoring, analysis and feedback, giving operators the critical information required to observe the production process and receive alerts as PrintRite3D(R) detects errors or anomalies taking place in real time. This allows additive manufacturers to identify and fix – or stop – quality inconsistencies in the manufacturing process so that production quality can be optimized and modified, lowering rejected output and saving money – necessary steps for the industry to scale up and realize its profit potential.
In addition to transforming the manufacturing process, 3D printing is also emerging as a solution to supply chain issues resulting from events surrounding COVID-19 (http://ibn.fm/PDQFu). Sigma Labs executive chairman Mark K. Ruport recently commented (http://ibn.fm/vR0B8) that “3D manufacturing will become more and more critical to the major economies of the world in order to shorten and simplify complex supply chains by manufacturing metal parts closer to home.”
“The recent crisis highlights the fact that economies that are too interdependent are subject to significant slowdowns in times of crisis,” Ruport noted. “The fact that our technology could play a role in accelerating the industrialization of 3D metal printing validates the investments that we have made in developing and commercializing our PrintRite3D(R) product.”
The new patent additions significantly boost Sigma Labs’ already robust intellectual property portfolio consisting of 11 presently issued and 24 pending patents, significantly protecting the technology commonly viewed to be essential for industry growth. Accordingly, PrintRite3D(R) is being evaluated by many tier-1 OEM enterprises in the aerospace, defense, transportation, oil and gas, biomedical and other precision-dependent industries. Besides its expanding client list, Sigma Labs continuously seeks to enlarge its footprint in the market through strategic partnerships with additive manufacturing hardware and software vendors, research institutions and universities.
In less than two decades, 3D printers have evolved from costing several hundred thousand dollars and using only plastic (http://ibn.fm/rKbsq) to providing hundreds of parts for some of the most fuel-efficient jet engines on the planet (http://ibn.fm/MLtzD). As the leading provider of quality control solutions for 3D metal printing, Sigma Labs continues to strengthen its position on the frontlines of the industry as it rapidly transforms the $12 trillion manufacturing landscape (http://ibn.fm/iPoWk).
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://ibn.fm/SGLB
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