Sigma Labs Inc. Discussed in Broadcast on Pandemic Fallout and Modern Manufacturing
Rhea-AI Summary
Sigma Labs Inc. (NASDAQ: SGLB) announced a broadcast titled, “3D Printing Plays Vital Role in New Normal,” highlighting the significance of 3D printing in producing essential healthcare equipment amid challenges posed by COVID-19. The company’s patented PrintRite3D® software addresses quality-control issues in 3D metal printing, providing real-time monitoring and cost-effective quality assurance for precision parts. This technology enhances the efficiency of manufacturing processes, making it increasingly vital in the global manufacturing sector, especially during post-pandemic recovery.
Positive
- PrintRite3D® software addresses costly quality-control challenges in 3D metal printing.
- Real-time monitoring capabilities enhance manufacturing efficiency.
- Potential for broadening commercial metal additive manufacturing.
Negative
- None.
News Market Reaction – SGLB
In the trading session that priced this news, SGLB gained 0.40%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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New York, May 21, 2020 (GLOBE NEWSWIRE) -- via NetworkNewsAudio –Sigma Labs Inc. (NASDAQ: SGLB) announces the availability of a broadcast titled, “3D Printing Plays Vital Role in New Normal.”
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Almost daily news reports attest to the speed, agility, and efficiency of 3D printing to create and deliver desperately needed healthcare equipment and devices. Additive manufacturing (AM) is proving in real time that it speeds production, allows flexibility, and brings new ideas to market quicker at lower cost. Though 3D printing of plastics and polymers has moved easily into the mainstream, and home printers now sell for under
With its patented PrintRite3D(R) software, Sigma Labs Inc. (NASDAQ: SGLB) presents a solution to the costly quality-control challenges that impede the volume manufacture of precision 3D metal parts. In doing so, Sigma’s software could easily become indispensable in the global efforts to meet the manufacturing challenges of post COVID. The company’s breakthrough software has the potential to bolster and broaden commercial metal additive manufacturing by enabling for the first time cost-effective, non-destructive quality assurance during the production process. PrintRite3D(R) is the leading technology in identifying and classifying defects and anomalies in-process and allows for errors to be corrected in real-time—even remotely.
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About Sigma Labs Inc.
Sigma Labs Inc. (NASDAQ: SGLB) is a leading provider of quality assurance software to the commercial 3D metal printing industry under the PrintRite3D® brand. Sigma specializes in the development and commercialization of real-time monitoring solutions known as PrintRite3D® for 3D metal advanced manufacturing technologies. PrintRite3D detects and classifies defects and anomalies real-time during the manufacturing process and informs the production manager of quality issues. Sigma Labs' software product is a major catalyst for the acceleration and adoption of 3D metal printing. For more information, please visit www.sigmalabsinc.com.
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Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
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