Sigma Additive Solutions (NASDAQ: SASI), a leading provider of quality assurance software to the commercial 3D printing industry, is reporting on its financial and operational results for the fourth quarter and full year ended Dec. 31, 2022. Highlights of the report note that the company has expanded its collaborations for connected software solutions with several companies, including Materialise, a global leader in 3D printing software and service solutions, and Dyndrite, providers of the GPU-accelerated computation engine used to create next-generation digital manufacturing hardware and software. The company has also expanded collaborations for connecting market hardware to PrintRite3D software with DyeMansion, the global leader in connected and integrated post-processing solutions for industrial polymer 3D-printing, and Novanta, a premier global supplier of laser photonics. In addition, the report noted that the company’s OEM footprint is expanding by connecting Sigma PrintRite3D software and analytics to EOS and SLM application programming interfaces (“APIs”). The report stated that SASI has reduced operating expenses and is continuing development of its intellectual property and patent portfolio. “We continue to track key performance indicators to monitor the progress and execution of our new business plan,” said Sigma Additive Solutions president and CEO Jacob Brunsberg in the press release. “During the quarter, we established key relationships that are important to our path to grow our software-only solutions targeted for release in Q2 2023. These collaborations are opening paths to market and increasing total addressable market, two things that drive the growth potential of the company. We see our focus on this and other KPIs as critical to achieving our business plan over the next two years. During the quarter we continued to make progress on our subscription model and transition to software-only product options to support the additive industry as a whole, making Sigma accessible at scale for supporting qualification and production across thousands of machines at hundreds of customer sites.”
To view the full press release, visit https://ibn.fm/dDrvv
About Sigma Additive Solutions
Sigma Additive Solutions 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 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.
NOTE TO INVESTORS: The latest news and updates relating to SASI are available in the company’s newsroom at http://ibn.fm/SASI
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