"The third quarter of 2019 was highlighted by continued success in engaging both OEMs and end users as PrintRite3D customers, driving continued industry awareness and developing promising commercial opportunities," said Sigma Labs chairman and CEO John Rice. It appears that the question isn't if Sigma Labs will receive large commercial orders but rather a matter of when.
3D printing unlocks vast new opportunities for innovative production techniques, novel products, mass customization and systematic perfection. Major international advancements in additive manufacturing are accelerating these trends at breakneck speeds and giving birth to new convergent applications. Given the magnitude and ramifications of PrintRite3D, it's no surprise that the software is being evaluated by multiple tier-1 aerospace and OEM partners worldwide. All indications are that Sigma Labs appears ready to deliver the requisite software that truly unleashes the disruptive forces of 3D metal printing.
Committed to 3D Printing
Sigma Labs isn't the only savvy company committed to the power, potential and future of 3D printing. Multinational conglomerate United Technologies Corporation (NYSE: UTX) has significant business concentrations in aerospace products and services, including jet engines. The company established a $75 million Additive Manufacturing Center of Expertise last year. The company's Pratt & Whitney division has joined other industry leaders in exploring the applicability of titanium 3D printing for highly demanding and critical rotating engine parts which will be the first additively manufactured rotating part for Pratt & Whitney development programs.
Honeywell International Inc. (NYSE: HON) is a global leader in engineering services and aerospace systems. Honeywell Aerospace, which previously entered into 3D-printing R&D contracts with Sigma Labs and 3D Systems, granted Sintavia, a metal additive manufacturing company, approval last year to manufacture components for Honeywell Aerospace using powder bed fusion technology. Sigma Labs' quality assurance software is designed to simplify quality control, reduce costs and improve yields in the powder bed fusion 3D printing metal process.
Boeing (NYSE: BA) is a multinational corporation that designs, manufactures and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment and missiles worldwide. The company has stated that "additive manufacturing — also known as 3D printing — enables an efficient design process that can achieve design solutions that we could not have imagined in the past." With a systems approach to additive manufacturing, Boeing's first significant application of additive manufacturing was to the SES–15 spacecraft.
Software giant ANSYS (NASDAQ: ANSS) offers a complete simulation workflow for additive manufacturing that allows the transition from R&D efforts for metal-additive manufacturing into a successful manufacturing operation. ANSYS is the global leader in engineering simulation. Through its strategy of pervasive engineering simulation, ANSYS helps the world's most innovative companies deliver radically better products to their customers.
For more information about Sigma Labs, visit Sigma Labs Inc. (NASDAQ: SGLB)
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