Sigma Labs Inc. (NASDAQ: SGLB) Technology Critical to Ensure Performance, Safety of 3D Printed Parts as Military Need Arises

January 9, 2020 13:22:42
  • Assistant secretary of Air Force for acquisition, technology, and logistics says 3D metal printing poised to streamline military maintenance, save billions
  • Army’s suppliers reluctant to manufacture highly demanding but low-volume production; 3D metal printing changes this
  • Sigma Labs’ unique quality-assurance software essential for leveraging full potential of 3D metal printing in defense sector

The United States’ defense budget consumes a large portion of its overall spending; in 2018, the cost of replacing the Army’s aviation fleet alone was a staggering $4 billion (http://nnw.fm/y3CZb). Currently, a substantial portion of this cost is tied up in bidding manufacturers to produce specific replacement parts on aging aircraft, creating a critical need for affordable, effective parts manufacturing (http://nnw.fm/IfKW2).

This is where 3D metal printing – deemed a “significant advance in military parts purchasing” – steps in. Sigma Labs Inc.’s (NASDAQ: SGLB) PrintRite3D® software, a revolutionary, real-time, computer-aided inspection technology that enables in-process quality assurance of 3D metal printing, could prove to be an important piece in the U.S. defense sector’s 3D metal printing plans. SGLB’s technology is the only real-time, in-process, quality-assurance solution capable of observing, managing and…

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NOTE TO INVESTORS: The latest news and updates relating to SGLB are available in the company’s newsroom at http://nnw.fm/SGLB

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