On May 23, 2018, we published revised versions of our Privacy Policy and User Agreements. Please read these updated terms and take some time to understand them. Your use of our services is subject to these revised terms.
Yes, I Agree.

Sigma Labs (NASDAQ: SGLB) Provides Desired ‘Quality Control for the 3D Printing World’ as 35% Annual Growth is Forecast

  • Sigma Labs highlighted in Barron’s as the ‘quality control of the 3-D printing world’.
  • 3D printing demand fueled by increasing industry adoption, rising investments.
  • 35% annual growth forecast for the foreseeable future.
  • SGLB’s PrintRite3D(R) software eliminates quality-assurance barriers to 3D-metal-printing growth; only product of its kind enabling in-process quality control.

Sigma Labs Inc. (NASDAQ: SGLB), a leading developer of quality-assurance software for the commercial 3D-printing industry, is steadily strengthening its position in the burgeoning additive marketing (AM), or 3D metal printing, space. While forecast numbers vary, a recent “Barron’s” article quotes an industry expert predicting consistent 35% annual growth in the specialized market for the foreseeable future (http://ibn.fm/4FS6K). That growth, said the article, comes as 3D metal printing technology partnered with artificial intelligence offers significant benefits in a wide range of verticals. With its unmatched quality control technology, SGLB appears positioned at the vanguard of an industry poised for explosive growth.

As the applicability of 3D metal printing continues to be realized across an increasingly varied list of industries—from healthcare to aerospace to high-end automotive manufacturing—analysts are struggling to pin down even an approximate estimate for the market’s potential size. Whether it be a question of millions of dollars—or billions—experts are preparing for the next stage in the nascent industry’s evolution (http://ibn.fm/BtRrA).

“We have a market [of] $1 or $2 billion in parts today,” said Claus Emmelmann, head of Germany’s Fraunhofer Institute, a leading institute for development of industrial solutions in additive marketing. That figure only accounts for less than 1% of Emmelmann’s definition for the overall market of metal parts—and Emmelmann believes the market will grow about 35% a year for “a long time,” with 3-D metal printing potentially becoming a $50 billion business by the end of the decade.

While the benefits of 3D metal printing are significant, technological barriers have impeded industrial adoption. One of the most important problems is qualifying the production of parts, said Emmelmann, who stressed that the process for designing and qualifying satisfactory parts is expensive and time consuming.

Scaling volume for 3D metal part production has been hampered by this process, leaving industry players seeking a solution. For 3D metal printing to achieve mass adoption, the challenges of low-quality yields and high post-production inspection costs must be resolved. The 3D metal manufacturing quality assurance problem requires a fix that increases yields and deeply cuts post-process inspection costs.

“That’s where . . . Sigma comes in,” the “Barron’s article states. “The small New Mexico-based company sells products to improve quality and validate parts. They are the quality control of the 3-D printing world.”

Sigma has earned this title by creating its exclusive PrintRite3D(R) software, which uniquely provides nondestructive quality assurance during the 3D printing of metal parts. PrintRite3D is the only known additive manufacturing solution that enables in-process quality control of 3D metal printing, allowing errors to be detected and corrected in real time—saving a significant amount of time and money. Due to its reputation and unique ability to remove obstacles impeding the burgeoning industry’s accelerated growth, SGLB has developed a technology that  appears to be essential to enabling the3D metal parts  industry’s rapid growth.

By providing the quality-assurance solution that the 3D metal printing industry needs to transform mainstream manufacturing, SGLB intends to capitalize on the growth in 3D printing across a wide variety of sectors, especially those requiring exacting specifications like aerospace, automotive and biomedical.

Additionally, Emmelmann isn’t the only one with a rosy outlook on the future of 3D metal printing. According to a report by Grand View Research Inc., the global 3D metal printing market size is expected to reach $3.05 billion by 2025, progressing at a CAGR of 31.8% during the forecast period (http://ibn.fm/aLahT).

The Grand View report noted that “increasing adoption of 3D printing as a mainstream manufacturing method and rising investments in research & development (R&D) of 3D metal printing are anticipated to fuel product demand.” The report also observed that “use of 3D metal printing is prominent in the aerospace and defense industry owing to rapid prototyping and manufacturing speed offered by 3D printing.”

To date, Sigma Labs has engaged 19 beta customers with some of the biggest names in the industry, and two of the programs have already awarded Phase 2 contracts for SGLB’s RTE program. SGLB’s advanced computer-aided software, PrintRite3D, revolutionizes the quality control issues for commercial additive manufacturing, and for the first time enables nondestructive quality assurance mid-production–uniquely allowing errors to be corrected in real time. Sigma Labs is delivering key software to unlock the full potential of 3D metal printing and will likely reap the benefits of the sector’s incredible growth.

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

About QualityStocks

QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.

QualityStocks (QS)
Scottsdale, Arizona
www.qualitystocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

Archives

Select A Month
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • September 2009
  • August 2009
  • July 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • February 2009
  • January 2009
  • December 2008
  • November 2008
  • October 2008
  • September 2008
  • August 2008
  • July 2008
  • June 2008
  • May 2008
  • April 2008
  • March 2008
  • February 2008
  • January 2008
  • December 2007
  • November 2007
  • October 2007
  • September 2007
  • August 2007
  • July 2007
  • June 2007
  • May 2007
  • April 2007
  • March 2007
  • February 2007
  • January 2007
  • December 2006
  • November 2006
  • October 2006
  • September 2006
  • August 2006
  • July 2006
  • June 2006
  • May 2006
  • April 2006
  • March 2006
  • January 2006
  • December 2005
  • October 2005
  • September 2005
  • Market Basics

    New to the micro-cap markets?Get answers to your questions about investing in Small-Cap / Micro-Cap Stocks and learn how to protect yourself.

    The Basics

    Newsletter Publishers

    Have an up and coming newsletter and want to be included in our coverage list? Looking to get more coverage and grow subscriptions? Register for coverage.

    Register

    Public Companies

    Are you a Small-Cap / Micro-Cap company looking for coverage? We'd love to hear from you. Fill out our quick contact form or send us a text.

    Get Covered