Sigma Additive Solutions (NASDAQ: SASI), a leading developer of quality-assurance software to the commercial 3D printing industry, is partnering with Dyndrite(TM) to build connected in-process data software using Dyndrite’s application development kit. Dyndrite provides the GPU-accelerated computation engine that is used to create next-generation digital manufacturing hardware and software. According to the announcement, the agreement expands the development of SASI’s PrintRite3D(R) by connecting the proprietary platform’s visualization and analysis on Dyndrite’s Additive Developer Kit (“ADK”), accelerating additive manufacturing development and increasing production quality. The combination will provide a single-user experience for CAM, materials and process development and toolpath creation, as well as in-process quality data and analytics. “It’s been long requested by users to have a single environment for the design-to-part qualification stack,” said Sigma Additive Solutions GM of EMEA Stephan Kuehr in the press release. “This agreement is a key step in empowering the user to marry their in-process quality data to the directly generated toolpaths sent to the machine. This union will enable the user to make quality and toolpath decisions faster, take control of their data, and make it actionable.”
In addition, Sigma also released is financial and operational report for the third quarter 2022, the period ended Sept. 30, 2022. Highlights of the report include the expansion of SASI’s OEM footprint with in-process quality assurance software being certified as PrintRite3D Ready to work with SLM Solutions’ industrial metal additive manufacturing machines; a partnership with Novanta, a premier global supplier of laser photonics, to offer the first fully integrated scan head with quality assurance; and the beta launch of PrintRite3D Machine Health, a software focused on standardizing machine health data logs, which will ultimately connect to the company’s future broader software product base. Revenue for Q3 2022 totaled $188,245, compared to $700,237 for the same period in 2021; gross profit for the quarter came in at $108,532, resulting in a gross margin of 58%, and operating expenses were $2.4 million. “As noted last quarter, we are tracking the following key performance indicators (‘KPIs’) to monitor the progress and execution of our new business plan: (1) revenue; (2) order backlog; (3) pipeline growth; (4) deal closure time reduction; and (5) partner expansion,” said Sigma Additive Solutions president and CEO Jacob Brunsberg in the press release. “These are the KPIs we see as critical to achieving our business plan over the next two years. To be clear, we are focused on moving away from only selling an individual printer solution to supporting the additive industry, as a whole, at scale.”
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About Sigma Additive Solutions
Sigma Additive Solutions is a leading provider of in-process quality assurance (“IPQA”) software to the additive manufacturing industry. Sigma specializes in the development and commercialization of real-time monitoring solutions known as PrintRite3D(R) 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 about the company, please visit www.SigmaAdditive.com.
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