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Sigma Labs Inc   (SGLB)
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    Sector  Capital Goods    Industry Aerospace & Defense
   Industry Aerospace & Defense
   Sector  Capital Goods
 


Sigma Labs Inc Segments

 
 

Business Segments II. Quarter
Revenues
(in millions $)
(Jun 30 2020)
%
(of total Revenues)
II. Quarter
Income
(in millions $)
(Jun 30 2020)
%
(Profit Margin)
Total
0.17 100 % -0.91 -

• View Income Statement • View Competition by Segment • View Annual Report

Growth rates by Segment II. Quarter
Y/Y Revenue
%
(Jun 30 2020)
Q/Q Revenue
%
II. Quarter
Y/Y Income
%
(Jun 30 2020)
Q/Q Income
%
Total
160.18 % -24.37 % - -

• View Growth rates • View Competitors Segment Growth • View Market Share

To get more information on Sigma Labs Inc 's Total segment. Select each division with the arrow.

  Sigma Labs Inc 's

Business Segments Description



Sigma appears positioned to provide the AM market a product offering for real-time quality assurance and control based on our core competency in real-time monitoring and control called PrintRite3D®. Our IPQA®-enabled PrintRite3D® technology appears ideally suited to meet the needs of AM at this critical juncture in its development. Our technology will allow AM to be used during manufacturing of safety-critical or performance-critical metal parts, such as used aerospace and defense. Currently, these applications are difficult because the part quality cannot be completely guaranteed, and using inspection after manufacturing is difficult, costly and does not find all defects of concern. Therefore, we believe that PrintRite3D® will be a vital enabler for AM to realize its full potential. Sigma has unique offerings in this field. Furthermore, as a greater number of these AM applications could be cloud-based, the PrintRite3D® technology is fully compatible with highly networked, cloud-based implementation – subject to the data and intellectual property restrictions which may be imposed by some companies for competitive reasons.

We believe that Sigma's unique process know how and trade secrets of IPQA® for AM, and U.S. patent awards and patents pending for monitoring and control for processes specifically including AM, along with its PrintRite3D® technology has uniquely positioned Sigma to be a leader in the market space for quality assurance technologies for AM. Our proven and sophisticated analysis software has been demonstrated and tested at many manufacturing sites around the world which has validated the PrintRite3D® INSPECT™ and SENSORPAK™ modules. In addition, Sigma has strategic relationships with experienced aerospace companies in North America that are assisting in the validation of our PrintRite3D® suite of modules.

Also, we continue to work with General Electric under our Joint Technology Development Agreement ("JTDA"), dated April 10, 2013, with General Electric to advance and implement in-process inspection technologies for additive manufactured jet engine components. Lastly, we are continuing to work with Honeywell Aerospace on the separate development of our PrintRite3D® DEFORM™ software module for metal-based AM under our Trial Evaluation Agreement with Honeywell Aerospace, which sets forth the parties' intent to use Honeywell's Advanced Manufacturing Engineering Center as a beta test site for our PrintRite3D® DEFORM™ software module.


Sigma believes the concept would entail utilizing our innovative sensing and process monitoring, quality assurance and control technologies to develop integrated and interactive systems of in-process inspection, feedback, data collection and critical analysis. Such systems would benefit users comprising AM OEM equipment manufacturers, aerospace, defense, and biomedical OEMs, as well as other high-margin and high-volume OEM producer of parts such as oil and gas and automotive, respectively. Sigma has commercially released beta-versions of the following product offerings:

· PrintRite3D® INSPECT™ – software which verifies quality layer by layer, mm2 by mm2.

· PrintRite3D® SENSOR PAK™ – the auxiliary sensor and hardware kit that sits on every AM machine to collect the data to drive the software.

The following software modules are either in development or envisioned as complementary product offerings:

· PrintRite3D® DEFORM™ – software which assures the as-built geometry.

· PrintRite3D® THERMAL™ – software which predicts the thermal profile in the part.

We envision a business model comprising either direct PrintRite3D® product sales with supporting engineering services or engineering services wherein we use our own PrintRite3D® products to solve customer specific quality assurance problems. The target markets would be end users having an AM machine capable of making metal parts as well as AM software and equipment OEMs. PrintRite3D® system sales are designed to run on different machine platforms allowing us to maximize our product offering to the entire AM metal market. Also, in conjunction with our JTDA with GE Aviation, we envision PrintRite3D® being used in the manufacture of fuel nozzles for GE’s newest jet engine - the LEAP engine. Including our PrintRite3D® technology as part of GE Aviation’s quality control model should provide the necessary “objective evidence of compliance” required by their customer (the F.A.A.) to ensure production quality and process reliability. Further, we envision a license and royalty aspect to our business model for AM OEM equipment makers wishing to embed our PrintRite3D® technology into new and existing AM machines worldwide.


We believe another much needed area for AM metal parts manufacturing is in software “Apps” for reducing design and development cycle times, saving the end customer time and money. These Apps could utilize the Cloud as the future of AM is moving towards data files and part data being stored in and downloaded from Cloud-based resources. We therefore envision extending our competitive advantage in the future by further developing and offering a PrintRite3D® CAD suite of Apps which would be specifically developed to improve part designs and significantly reduce traditional trial and error design approaches for features such as distortion control.

By combining the AM manufacturing capability of a leading aerospace company with Sigma’s real-time nondestructive inspection technology, a unique product offering (systems package) will be available to OEMs and end-users. After installing Sigma’s PrintRite3D® inspection systems, a database systems package will be actively marketed to OEM’s and principal end users. Finally, ‘user’ advisory groups could be formed to facilitate exchange of information, needs, new developments, etc. utilizing ever-green, annual contracts.

We believe that a unique selling point or competitive advantage is our PrintRite3D technology that we believe will provide customers with the necessary objective evidence of compliance of the 'as designed' intent through the use of 'as made' data for performance and safety-critical components.


We believe there is sufficient room in the burgeoning AM service provider market to allow us to establish a presence and expand into a leading provider of AM produced metal parts.

We envision a business model comprising revenues from contract manufacturing sales for prototyping services as well as Small Lot Intelligent Manufacturing™ (SLIM®) sales for products made with our PrintRite3D® technology. The target markets would be end users requiring high-end metal parts such as in the aerospace, oil & gas, bio-medical and automotive markets.

   

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