Sigma Labs recently announced that it has signed a Memorandum of Understanding (MOU) with Interactive Machines Inc (IMI).
Outlining how the companies plan to collaboratively “explore the formation of a joint venture or other arrangement for the purpose of developing and commercializing next-generation 3D Printing devices designed to produce an increased output of up to 10X over currently available 3D metal printing machines.”
Sigma LabsThis is a lofty aim indeed, but a good one and if they succeed it’s not hard to see the that many of the big manufacturing companies — across the aerospace, automotive and medical sectors in particular — that will want in. The payoff could be huge. As would be expected, the overall time frame for this is fairly lengthy and we’ll have to wait at least a year to ‘see’ anything. The plan is to have a definitive agreement in place before the end of the June this year with a prototype demonstrator planned for Q3, 2014, subject to the parties obtaining adequate financing to implement a business plan.
Accordingly, Sigma Labs is expected to have worldwide, exclusive manufacturing and marketing rights to the new metal 3D printing system while IMI would own the IP, which would generate royalties as a result.
Source: 3D Printing Industry