SANTA FE, N.M., March 01, 2018 (GLOBE NEWSWIRE) -- Sigma Labs, Inc. (NASDAQ:SGLB) (“Sigma Labs” or the “Company”), a provider of quality assurance software under the PrintRite3D® brand, today announced it has released Version 3.0.2 of its PrintRite3D INSPECT® In-Process Quality Assurance™ (IPQA®) software. This evolutionary version of PrintRite3D® is now available for new installations and upgrades to existing customers. This latest release features Sigma Labs’ new and proprietary Thermal Energy Density™ (TED™) In Process Quality Metric™ (IPQM®), setting what the Company views as a new industry standard for quantitatively measuring melt pool and part quality.
Armed with Sigma Labs’ new PrintRite3D INSPECT® Version 3.0.2 software, process engineers will now be able to produce an alloy-specific process map generated using Sigma Labs’ in-process TED™ metric, an industry first. This industry first approach to in-process monitoring is designed to enable rapid process qualification, which Sigma Labs believes will result in increased production yields and faster product to market times.
The Company believes that its IPQA®-based process map, combined with customer-specific post-process quality metric data will become a unique and irreplaceable tool for process engineers looking to rapidly and cost effectively establish operating process windows within the larger process map. The new version of PrintRite3D INSPECT® also provides a complete production-level package of statistical process control (SPC) software apps, which digitally supports serial production quality monitoring at a build, part, layer or scan level, thereby ensuring continuous operation within the qualified processing window.
“We are thrilled to achieve this milestone in our development lifecycle as we believe it is a real game-changer for the industry. This release represents a significant step forward towards “closing the loop” in process quality monitoring and control,” said John Rice, Sigma Labs’ CEO.
With the increased precision of Sigma Labs’ digital TED™ melt pool metric and part quality characterization methodology, users will be able to more accurately correlate quantitative melt pool thermal IPQM® data with quantitative post-process quality metric data measured during Nondestructive Evaluation (NDE), metallography, or destructive tests. This newest release contains what the Company believes to be the industry’s most comprehensive set of IPQA® analytics algorithms that enable “feature based qualification” through materials and process characterization.
For more information and a live demonstration of PrintRite3D INSPECT®3.0.2 please contact Sigma Labs at sales@sigmalabsinc.com or to Ron.Fisher@sigmalabsinc.com, www.sigmalabsinc.com
About Sigma Labs
Sigma Labs, Inc. is a provider of quality assurance software under the PrintRite3D® brand and a developer of advanced, in-process, non-destructive quality assurance software for commercial firms worldwide seeking productive solutions for advanced manufacturing. For more information please visit us at www.sigmalabsinc.com.
Forward-Looking Statements
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 which may cause the Company's actual results, performance or achievements to be materially different from any anticipated results, performance or achievements. The Company 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 the Company’s forward-looking statements, please see the Company’s Annual Report on Form 10-K (including but not limited to the discussion under “Risk Factors” therein) filed with the SEC on March 31, 2017 and which may be viewed at http://www.sec.gov.
Investor Relations Contact:
Bret Shapiro
Managing Director
CORE IR
561-479-8566
brets@coreir.com