Sigma Labs Inc. Common Stock (NASDAQ: SGLB) is having a great start to the trading session, nearly doubling in value after releasing news. The gains are the result of the demonstration of proof of concept with regard to the company’s technology in the 3D printing space. Of course, the news led to the excitement among investors that’s causing the gains. Today, we’ll talk about:
- The news;
- what we’re seeing from the stock; and
- what we’ll be watching for with regard to SGLB ahead.
SGLB Announces The Demonstration Of Proof Of Concept
As mentioned above, Sigma Labs is having an incredibly strong start to the trading session this morning after the company announced that it has developed and demonstrated feedback control of the metal laser powder bed fusion 3D printing process. In the release, SGLB said that the system operates by monitoring the process output and extracting process metrics through the use of its PrintRite3D® technology. From there, these metrics are compared to baseline metrics. Then, the system determines what process input parameter values need to be changed and implements those remedial changes in real time, maintaining control over the entire process. In a statement, Mark Cola, Chief Technology Officer at SGLB, had the following to offer:
Automatic feedback process control was the next step in completing Sigma Labs’ suite of sensing, monitoring, and control capabilities of metal additive manufacturing (AM) processes. Our addition of real-time process control clearly sets Sigma as the leader in AM process quality assurance.
By achieving this advanced understanding of quality variation and machine learning for metal AM machines that the Factories of the Future require, Sigma Labs has demonstrated that it is possible to bring the future to the present.
What We’re Seeing From The Stock
One of the first lessons that we learn when we start to dabble in the market is that the news causes moves. In the case of Sigma Labs, the news proved to be overwhelmingly positive. With this new proof of concept, the product is moving to the next phases and will likely start generating revenue relatively soon. So, investors are eating it up and sending the stock to the moon. Of course, our partners at Trade Ideas were the first to alert us to the gains. At the moment (10:37), SGLB is trading at $2.51 per share after a gain of $1.19 per share (90.16%) thus far today.
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will continue to keep a close eye on SGLB. In particular, we’re interested in following the story surrounding the company’s newly proven 3D printing technology and their movements to turn it into a revenue generator. Nonetheless, we’ll continue to follow the story and bring the news to you as it breaks!
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