Sigma Labs Inc (OTCMKTS:SGLB) reported the successful conclusion of its EOS M290 launch event. It was organized on April 14 at the Company’s facilities. The new M290 AM metal printer is enhanced with PrintRite3D® software. It will offer 3D printing capability as the new technology ensures strict compliance to geometric and metallurgical property specifications. Almost 60 individuals from government and industry alike attended the event.
The quality assurance
Mark Cola, the CEO of Sigma Labs Inc (OTCMKTS:SGLB), highlighted the significance of quality assurance in a live presentation of 3D printing. Dr. Vivek Dave who is Scientific Advisor to Sigma joined Mr. Cola in demonstrating the new applications. The company is in talks with potential clients from Europe and North America, as well as China.
The CEO of Sigma said that the event recorded excellent attendance with an extensive cross-section of attendees from government, industry, and key strategic and tactical associates. Representatives from the various equipment suppliers EOS were also there, along with business development partners and potential customers. The team showcased a broad range of applications including for the tool & dies aerospace and automotive industries, presenting parts printed at Sigma for these sectors. Sigma Labs is committed to develop a production capability with unique PrintRite3D technology.
Dr. Dave further said that the quality control done for additive manufacturing is just one part of the broader picture. The company calls it as the 4th Industrial Revolution. He said that the first three revolutions were based on mechanization, mass production, and automation. The fourth one is based on “Small Lot Intelligent Manufacturing.” Santa Fe Mayor Javier Gonzales stated the event as a “cool mayor moment.”
In last trading session, the share price of Sigma Labs gained 6.45% to close the trading session at $0.106. The gains came at a volume of 1.32 million, lower than the average volume of 2.19 million.