Sigma Labs (SGLB) Stock Gains On Selection For Evaluation

Sigma Labs SGLB Stock News

Sigma Labs Inc. (NASDAQ: SGLB) is running for the top in the market this morning, up more than 13% early on this morning. The gains come after the company announced that it was selected by Airbus (EADSY) to complete a Test and Evaluation Program. Here’s what’s going on:

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SGMA Stock Climbs On Test And Evaluation Announcement

Sigma Labs announced in an early morning press release that it will work with Airbus to complete a Test and Evaluation Program of its new PrintRite3D version 5.0 hardware and software. The Test and Evaluation Program will be followed up by a validation phase on a powderbed fusion printer.

Under the program, SGLB said that it will provide comprehensive PrintRite3D In-Process Quality Assurance system and services hardware, software, training, engineering and metallurgical consulting and support services. These will be provided to demonstrate their ability to monitor and characterize material, machine process and production consistency and repeatability of additive manufacturing options.

In a statement, John Rice, Chairman and CEO at SGLB, had the following to offer:

We are honored and indeed feel very privileged to have our In-Process-Quality-Assurance tools as well as engineering staff engaged with Airbus, a leading aircraft manufacturer. PrintRite3D INSPECT® 5.0 provides the market with a user-friendly experience to rapidly qualify an AM metal machine for serial production, and then, in the course of continuous production runs, to be able to warn process engineers of ‘signature’ precursors of process discontinuities and thus enable them to extract actionable data to restore the process. Our industry appears to be accelerating in its sophisticated quality requirements including highly accurate and economic third-party quality assurance. We at Sigma have committed ourselves to meet that need.

Why This News Is So Exciting

This is an important step forward when it comes to Sigma Labs’ goals with its PrintRite3D product line. At the moment, we’re seeing strong growth in additive manufacturing in the aircraft industry.

However, when it comes to the aircraft industry, quality assurance is key. Process qualification provided by PrintRite3D has the potential to improve quality assurance, reduce waste, and raise quality yields.

Ultimately, if all goes well, the company’s technology has the potential to change the way we see additive manufacturing in the airline industry, carving out a niche where SGLB could easily take a leadership role!

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