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Sigma Labs, Inc. Awarded US Navy Contract for Direct Digital Manufacturing of Metallic Aircraft Parts — Press Release

April 26, 2011 by · 1 Comment
Filed under: Business Line, Companies, Events, Press Releases 

Sigma Labs, Inc. Awarded US Navy Contract for Direct Digital Manufacturing of Metallic Aircraft Parts

SANTA FE, N.M., April 26, 2011 /PRNewswire/ — Sigma Labs, Inc. (OTCBB: SGLB.OB) announced today that it was awarded on March 23, 2011, a Phase I Small Business Innovation and Research (SBIR) contract by the US Navy for rapid qualification of parts made using Direct Digital Manufacturing (DDM).

Mark Cola, President of Sigma Labs, stated, “We are pleased to receive this contract, which will generate up to $150,000 in revenues, as it enhances our current US Air Force Phase II SBIR contract that we expect to complete in 2011 and will generate up to $750,000 in revenues. The US Navy contract extends our IPQA technology and will allow us to focus on developing and deploying a product into this fast-growing market segment.”

Richard Mah, CEO of Sigma Labs, added, “DDM has come a long way since we initiated early developments in the 1980s at Los Alamos. Within a few years, we believe that parts will go directly from computer models to physical hardware, and onto aircrafts faster and more reliably than ever before. We are pleased to be a key part of this significant development in manufacturing.”

About Sigma Labs, Inc.

Sigma Labs, Inc. comprises leading scientists and engineers from Los Alamos National Laboratory with over 75 years of combined industrial R&D experience and has become a developer of manufacturing and materials technologies and an important R&D provider to first-tier integrators, including Boeing, Honeywell, and Pratt & Whitney, as well as to commercial firms within the United States and internationally. Sigma Labs, Inc. currently has contracts with both the federal Government and private industry to develop technologies from their conception through the design, building, and testing of prototype systems. Sigma Labs, Inc. is aggressively designing and developing innovative sensing, software products, materials technologies and other unique manufacturing quality assurance solutions for the federal Government and our commercial clients. Visit Sigma Labs at www.sigmalabsinc.com.
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Raytheon Awarded Contract for Integrated Standoff Inspection System — Press Release

Raytheon Awarded Contract for Integrated Standoff Inspection System

TEWKSBURY, Mass., April 26, 2010 /PRNewswire/ — The Defense Threat Reduction Agency (DTRA) has awarded Raytheon Company (NYSE:RTN) a $20.5 million contract to research and develop an automated system for the standoff detection and identification of shielded special nuclear material.

The Integrated Standoff Inspection System, or ISIS, is an active interrogation nuclear radiation detection system that will provide the government with an accurate and reliable inspection system that is fully integrated and automated.

“The need to effectively detect and track the movement of nuclear material increases every day,” said Michael Del Checcolo, vice president of Engineering for Raytheon Integrated Defense Systems. “ISIS will enable our government to more effectively identify and classify nuclear materials to help prevent their unauthorized entry into this country.”

Raytheon is using its OpenAIR(TM) business model, leveraging the best of large and small businesses, as well as academia and national laboratories, to develop the best-value solution for DTRA. The Raytheon-led team consists of Los Alamos National Laboratory, Los Alamos, N.M.; Oak Ridge National Laboratory, Oak Ridge, Tenn.; Lawrence Livermore National Laboratory, Livermore, Calif.; Idaho National Laboratory, Idaho Falls, Idaho; Advanced Energy Systems, Inc., Medford, N.Y.; Bubble Technology Industries, Chalk River, Ontario; and experts from the Massachusetts Institute of Technology.

Raytheon Company, with 2009 sales of $25 billion, is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. With a history of innovation spanning 88 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as a broad range of mission support services. With headquarters in Waltham, Mass., Raytheon employs 75,000 people worldwide.

Source: Raytheon Company

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Raytheon Awarded Contract for Integrated Standoff Inspection System

April 26, 2010 by · Comment
Filed under: Raytheon, Syndicated Industry News 
Raytheon Awarded Contract for Integrated Standoff Inspection System
April 26, 2010

TEWKSBURY, Mass., -- The Defense Threat Reduction Agency (DTRA) has awarded Raytheon Company (NYSE: RTN) a $20.5 million contract to research and develop an automated system for the standoff detection and identification of shielded special nuclear material.

The Integrated Standoff Inspection System, or ISIS, is an active interrogation nuclear radiation detection system that will provide the government with an accurate and reliable inspection system that is fully integrated and automated.

"The need to effectively detect and track the movement of nuclear material increases every day," said Michael Del Checcolo, vice president of Engineering for Raytheon Integrated Defense Systems. "ISIS will enable our government to more effectively identify and classify nuclear materials to help prevent their unauthorized entry into this country."

Raytheon is using its OpenAIR™ business model, leveraging the best of large and small businesses, as well as academia and national laboratories, to develop the best-value solution for DTRA. The Raytheon-led team consists of Los Alamos National Laboratory, Los Alamos, N.M.; Oak Ridge National Laboratory, Oak Ridge, Tenn.; Lawrence Livermore National Laboratory, Livermore, Calif.; Idaho National Laboratory, Idaho Falls, Idaho; Advanced Energy Systems, Inc., Medford, N.Y.; Bubble Technology Industries, Chalk River, Ontario; and experts from the Massachusetts Institute of Technology.

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Cray Wins Another Contract

Things were looking bleak for super computer manufacturer Cray (CRAY) earlier this year as the Defense Advanced Research Projects Agency (DARPA) ended a big contract for their system. This was a major hit to their projected revenue for the next few years. Since then though they have been able to find other contracts to offset this including one for systems for the Air Force and weather research.

Now they have been awarded another contract with Los Alamos National Laboratory. This is worth about $45 million and should make up for the DARPA loss. The computers will be used by the National Nuclear Security Administration (NNSA) at Los Alamos to help manage the U.S. nuclear weapon program. President Obama just announced a new agreement with Russia to reduce the number of weapons in the U.S. inventory.

Based on the last two contract awards $45 million pays for one petaflop of processing capability. This is one thousand trillion floating point operations per second and is the current record for any computer.

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