Program is Designed to Accelerate Additive Manufacturing Innovation and Advance In-Process Quality Assurance
SANTA FE, NM / ACCESSWIRE / September 20, 2022 / Sigma Additive Solutions, Inc. (NASDAQ:SASI) ('Sigma'), a leading developer of in-situ quality assurance solutions for additive manufacturing ('AM'), announced today that it has formalized its program of working with universities, research labs, government organizations, and industrial companies to provide a platform for improving collaboration related to in-situ monitoring and real-time analysis for quality assurance, certification, and qualification of additively manufactured parts.
The goal of this AcGovDustrial Network is to grant easy and inexpensive access to Sigma's in-situ monitoring and analysis platform for educational institutions and R&D labs around the world while building a network of key stakeholders from government and industry to provide funding, commission projects, commercialize innovative technologies, and ultimately propel metal AM into production.
Under Sigma's program, members will receive substantial discounts on Sigma's PrintRite3D® technology, direct access to Sigma's engineering resources, collaboration on government funded projects and programs, input to product features and requirements, early access to Sigma's Alpha and Beta programs, and more. The intent is to cultivate a community focused on validating the efficacy of AM for production and instill confidence in the quality of additively printed parts.
According to Sigma's Chief Executive Officer, Jacob Brunsberg, 'Sigma began its life as a laboratory engaged in research and development of 3D metal printing technology and has a long history of working with universities, research labs, and standards organizations alongside our industrial customers. We are placing more structure around this activity and packaging it in such a way that it makes adoption and implementation much easier for our allies in the R&D community. These organizations are at the leadership edge and are crucial to the rapid adoption and scalability of additive manufacturing.'
Dr. Nima Shamsei, Director of the National Center for Additive Manufacturing Excellence at Auburn University stated, 'Auburn's relationship with Sigma Additive is a shining example of the power of the AcGovDustrial program. Auburn is working closely with Sigma on projects with the FAA, Army, and NASA, while also jointly contributing to ASTM Consortium for Materials Data and Standardization (CMDS). This has provided students hands-on access to leading edge in-situ technology and the opportunity to contribute to advancing AM solutions globally. Many of our students have already taken these learnings and experiences to leading industries, such as GE Aviation and Blue Origin.'
Added Steve Immel, Sigma's Senior Director of Business Development and AcGovDustrial Initiatives, 'Manufacturers are interested in implementing AM for production applications but often need to validate print technologies, verify processes, launch pilot projects, and justify the capital expenses, manpower, resources, real estate, and more. Furthermore, they need to ensure confidence at various levels of their organizations that additive manufactured parts are as good as, if not superior to those that are traditionally manufactured. In-situ monitoring and analytics can assist with this, but the challenge has been that the various players in the ecosystem weren't aware of who had what capabilities, expertise, specializations, budgets, resources, and project solicitations. This network will help to identify these variables, create a community, and connect key stakeholders.'
There are already five members of the Sigma Additive AcGovDustrial Network from leading academic institutions, while government, consortia, and industrial memberships are in process. Sigma is offering increased discounts to new members to jumpstart collaboration within and across the network.
About Sigma Additive Solutions
Sigma Additive Solutions, Inc. is a leading provider of in-process quality assurance (IPQA™) solutions to the additive manufacturing industry. Sigma specializes in the development and commercialization of real-time monitoring and analytics known as PrintRite3D® for 3D metal and polymer advanced manufacturing technologies. PrintRite3D detects and classifies defects and anomalies real-time during the manufacturing process, enabling significant cost-savings and production efficiencies by reducing waste, increasing yield and shortening cycle times. Sigma believes its software solutions will be a major catalyst for the acceleration and adoption of industrial 3D printing. For more information, please visit www.sigmaadditive.com.
This press 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 (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Statements preceded by, followed by or that otherwise include the words 'believe,' 'anticipate,' 'estimate,' 'expect,' 'intend,' 'plan,' 'project,' 'prospects,' 'outlook,' and similar words or expressions, or future or conditional verbs such as 'will,' 'should,' 'would,' 'may,' and 'could' are generally forward-looking in nature and not historical facts. These forward-looking statements involve known and unknown risks, uncertainties and other factors. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are risks relating to, among other things, market and other conditions, Sigma's business and financial condition, the extent of the market's acceptance of PrintRite3D® version 7.0, Sigma's ability to satisfy its capital needs through increasing its revenue and obtaining additional financing, and general economic, industry or political conditions in the United States or internationally. Sigma disclaims any intention to, and undertakes no obligation to, revise any forward-looking statements, whether as a result of new information, a future event, or otherwise. For additional risks and uncertainties that could impact Sigma's forward-looking statements, please see disclosures contained in Sigma's public filings with the SEC, including the 'Risk Factors' in Sigma's Annual Report on Form 10-K, and which may be viewed at www.sec.gov.
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