Sigma Labs Inc. (NASDAQ: SGLB) Awarded Contract by

New Post Public Reply Private Reply Replies (0) Message Board
NetworkNewsWire
326
Sigma Labs Inc. (NASDAQ: SGLB) Awarded Contract by Northwestern University to Integrate Patented PrintRite3D Metal-Printing Software

- Northwestern University awards SGLB a contract to implement 3D-metal-printing, quality-assurance software on laser melting machine
- Sigma Labs’ unrivaled PrintRite3D software is singular solution for quality assurance roadblocks to 3D-metal-printing industry
- Global 3D-metal-printing market size expected to expand to $3.05 billion by 2025 with a CAGR of 31.8%

Sigma Labs Inc. (NASDAQ: SGLB), the sole provider of in-process quality-assurance software for the commercial 3D metal printing industry, has been awarded a contract by Northwestern University to implement its patented PrintRite3D(R) software. The company’s real-time, melt-pool analytics technology is set to transform the commercial additive-manufacturing space by addressing costly quality control issues – a step required to maximize profits and move forward from the prototype phase to widespread industrialization.

In collaboration with the Northwestern Initiative on Manufacturing Science and Innovation (NIMSI) and the Center for Hierarchical Materials Design (CHiMaD), the PrintRite3D system will be installed on a DMG MORI LASERTEC12 Selective Laser Melting machine. DMG MORI – a global leader in machine tool manufacturing – is expected to capture significant market share of the burgeoning additive manufacturing industry with the LASERTEC12. Sigma Labs will further validate the technological performance and capabilities of PrintRite3D in identifying real-time defect formations during the printing process, in addition to demonstrating its software’s unparalleled capability for third-party, independent, quality-assurance monitoring of metal additive-manufacturing systems.

Following an assessment of the costly quality-control issues impeding the progress of the 3D-metal-printing industry, Sigma Labs realized that the enormous potential of 3D metal printing could only scale up if in-process, quality-assurance tools were developed to observe, manage and control the manufacturing process. With a stated mission of becoming the de facto standard for such monitoring systems, SGLB continues to demonstrate the achievement of these objectives with its patented PrintRite3D software.

“We are honored to have the opportunity to work with Northwestern University,” Sigma Labs Executive Chairman Mark Ruport stated in a news release. “This type of collaboration is critical if additive manufacturing is to realize its potential and reach full industrialization.”

Jian Cao, Cardiss Collins Professor of Mechanical Engineering and NIMSI director, agrees. “Sigma Labs provides us with one critical element in our ICME framework for model validation and for process control,” said Cao. “We look forward to our collaboration [bringing] the science and technology of additive manufacturing to the next level.”

Quality control remains one of the primary impediments to scalability due to the high number of rejected parts found in the post-process stage by costly CAT scans. Sigma Lab’s patented PrintRite3D software addresses this issue during the production phase by monitoring compliance with design and metal quality criteria in real-time to ensure the consistent quality of each part during the manufacturing process, layer by layer. This in-process monitoring and reporting allows operators to stop the production of a defective part and implement solutions during the process – resulting in reduced error rates and higher yields. In addition to being evaluated by tier-1 aerospace and OEM partners worldwide, Sigma Labs has also engaged 19 beta customers across 23 installations.

The global 3D-metal-printing market size is expected to reach $3.05 billion by 2025, progressing at an eye-popping CAGR of 31.8% during the forecast period (http://nnw.fm/WmaQ4). As the definitive solution for quality-control issues, PrintRite3D is poised to catalyze this hypergrowth industry, positioning Sigma Labs as a leader in what is often referred to as the next industrial revolution.

For more information about Sigma Labs, please visit www.SigmaLabsInc.com

Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NextTrip Inc. (NTRP) Stock Research Links

NTRP Board Company Profile Buy Rating Time & Sales News Filings Financials
Scroll down for more posts ▼

Top 10 Most Recent News Articles

Voter Events by Valley Community Healthcare Aim to Empower

Updated Category News Views 13

Here's a game-changer for the community. Valley Community Healthcare (VCH) is stepping up, proving that healthcare doesn't just stick to check-ups and prescriptions. It's about the whole shebang—community empowerment included. This October, VCH is hosting two incredible voter events, collaborating with the Los Angeles County Registrar-Recorder's Mobile Voting Program....

Continue Reading
Hyliion Class Action Deadline Nears for Investors

Updated Category News Views 14

Potential Shockwaves for Hyliion Investors Investors are having a showdown with Hyliion (NYSE:HYLN) these days. With the looming October 27, 2026, deadline to jump into a securities class action, it seems Hyliion's latest escapade smells worse than a fish market on a hot day. We’ve got allegations here stronger than your uncle’s morning coffee. Understanding the Legal...

Continue Reading
AEVEX Facing Class Action Deadline Amid Stock Turmoil

Updated Category News Views 13

Investors are no strangers to the rough and tumble of stock markets, but things get downright messy when trust is shattered. That's the sorry saga unfolding with AEVEX, where shareholders are feeling the heat after a sharp nosedive in stock value. The clock is ticking to join the class action, and any AEVEX investor worth their salt should pay attention. Unraveling...

Continue Reading
Masimo's smartSET™ Revolutionizes Patient Monitoring

Updated Category News Views 11

Breaking Ground in Patient Monitoring Let's dive into the gritty details behind Masimo's latest FDA-nod: the smartSET™ system. This gizmo ain't your ordinary pulse oximeter; it's a next-gen hand-holder for the medical world, poised to ride the AI wave straight into the clinic. They've cracked open a new way for clinicians to peek behind the curtain of patient vitals,...

Continue Reading
LG OLED evo W6: UAE Roadshow Starts with a Bang

Updated Category News Views 17

They've done it again, folks. LG Electronics is out there kicking up a storm with their all-new OLED evo W6 True Wireless Wallpaper TV, and they're bringing the action straight to the UAE's doorsteps. Imagine taking a stroll and stumbling upon this technological marvel at some fancy spot like The Lotus Lounge at Anantara The Palm Dubai Resort. This ain't just a TV, it's a...

Continue Reading
Innventure Faces Major Lawsuit Over Misleading Investors

Updated Category News Views 12

Missteps at Innventure: A Costly Lesson in Investor Trust The stock market is no stranger to drama, but Innventure's saga feels like a page ripped right out of a thriller novel. You’ve got accusations, alleged fabrications, and a swift drop in stock prices that’s left some investors shaking their heads. The company, nestled under the ticker NASDAQ:INV, finds itself...

Continue Reading
Weifang's Cultural Resurgence: A Global Epigraphy Fest

Updated Category News Views 12

A Historical Meltdown into Global Recognition Welcome to the ride where ancient stones talk and cultural borders vanish. We're diving into the beating heart of Weifang, a place you're probably hearing about now because the town's hosting a packed international media tour. And, for a change, this isn't just another tourist trap; it's a cultural adrenaline shot to the arm,...

Continue Reading

Top 5 Most Recently Viewed Articles

Core Scientific's Stock Surges Following Merger Termination

Updated Category News Views 183

Core Scientific's Stock Performance Overview Core Scientific Inc (NASDAQ: CORZ) has recently observed a significant increase in its stock prices. The upward trend began after the company clarified its position regarding its merger agreement with CoreWeave Inc (NASDAQ: CRWV). This strategic decision is paving the way for the company's future, as it remains focused on its...

Continue Reading
Remarkable Titanic Necklace Rediscovered After Nearly 100 Years

Updated Category News Views 383

The Rediscovery of a Titanic Jewelry Treasure In a riveting revelation, one of the Titanic's most enigmatic artifacts, the Black Glass Necklace, has been recovered and is making its long-awaited debut. This exquisite piece was found during an RMS Titanic, Inc. (RMST) expedition nearly two decades ago and has finally been unveiled to the public at Titanic: The Artifact...

Continue Reading
Alaunos Therapeutics Reassesses Strategies and Financial Position

Updated Category News Views 115

Alaunos Therapeutics Reassesses Strategies Alaunos Therapeutics, Inc. (NASDAQ:TCRT), a pharmaceutical innovator, recently made headlines by terminating a key licensing agreement with Precigen (NASDAQ:PGEN), Inc. This agreement, initially revised and restated on April 3, 2023, allowed Alaunos to develop innovative treatments using Sleeping Beauty-transposed neoantigen...

Continue Reading
MicroCloud Hologram's Quantum Simulator: A Game Changer Ahead

Updated Category News Views 184

Riding the Quantum Wave with HOLO Nobody expected a quiet day to be disrupted by the likes of MicroCloud Hologram Inc. (NASDAQ: HOLO). Forget about the routine chatter; let’s dive into the frontier where tech meets potential goldmines—quantum computing. They just rolled out a surface code quantum simulator that’s not just a step, but a leap forward in error...

Continue Reading
Autozi Secures $10 Million from Major Shareholder for Growth

Updated Category News Views 100

Autozi Internet Technology Secures Major Investment Autozi Internet Technology (Global) Ltd. (NASDAQ: AZI) has received a significant share subscription of US$10 million from its controlling shareholder. This investment marks a crucial step for the company's ongoing growth and development strategy as it plans to issue shares at a price that reflects a 30% premium over the...

Continue Reading