SIG516? Do they exist?

My search didn’t turn up any references to this rifle which is shown on the SigArms website. I looked at the Ruger 556 rifle and found it to be way too front heavy. I’m wondering if the SIG 516 handles very well, is compatible with an AR-15 (upper specifically), and if it will run full-auto (NFA’ed lower). If it’s piggish like the Ruger 556 rifle then I’ll pass on this one too.

SIG516

TIA,
Sid

To my knowledge, the 516 hasn’t been released.

It’s on my list of rifles to consider though.