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COVID-19 has disrupted every aspect of life, accelerating changes in everything from simple daily tasks to traditional key business models; citizens worldwide are preparing for a new normal.
In addition to vast social ramifications, the fallout from the COVID-19 pandemic has exposed the fragility and complicated nature of both manufacturing and supply chains as well as their susceptibility to disruption from disease, political unrest, or natural disaster. Out of necessity, manufacturers in the new normal will build factories much closer to where critical parts are needed, reduce the human workforce, and rely more on software and efficiency technologies like 3D printing. At the epicenter of this sea of change is Sigma Labs Inc. (NASDAQ: SGLB) (SGLB Profile) with its revolutionary patented technology that detects and identifies defects and anomalies in real-time during the 3D printing process of metal, paving the way for scalability and economic efficiency. Amazon.com Inc. (NASDAQ: AMZN) has created a blueprint for consumer supply chain evolution, proving the importance of bringing outputs closer to where they are needed. Microsoft Corporation (NASDAQ: MSFT) has turned its software prowess toward 3D printing in a consortium that has created a modern manufacturing 3D printing file format, 3MF. For additive manufacturing, this new format replaces older file formats and eliminates many interoperability issues. Software behemoth, Autodesk Inc. (NASDAQ: ADSK), makes a broad range of 3D software tools for almost every industry, essential for rapid prototyping and industrial manufacturing. Engineering simulation software from ANSYS Inc. (NASDAQ: ANSS) allows innovation to flow smoothly through design, testing, and into 3D printing manufacturing. Software and technology are becoming increasingly important as the world grapples with how to reinvent social interaction and commerce in the post pandemic era.
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About Sigma Labs Inc.
Sigma Labs is a leading provider of quality-assurance software to the commercial 3D-metal-printing industry under the PrintRite3D(R) brand. Sigma is a software company that specializes in the development and commercialization of real-time, computer-aided inspection (“CAI”) solutions known as PrintRite3D for 3D advanced manufacturing technologies. Sigma Labs’ advanced computer-aided software product revolutionizes commercial additive manufacturing, enabling nondestructive quality assurance mid-production, uniquely allowing errors to be corrected in real time. For more information, please visit www.SigmaLabsInc.com.
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