Fast Radius
Canvas Category Software : Cloud Manufacturing : General
Fast Radius is on a mission to change manufacturing and logistics for the better. We’ve combined our Cloud Manufacturing Platform™ and our expert team to make the entire process smarter and easier. We’re making new things possible in manufacturing so you can make new things possible for the world.
Assembly Line
Fast Radius assets acquired by SyBridge Technologies in $15.9m deal
The sale comes a month on from Fast Radius filing for chapter 11 bankruptcy and nine months after its public listing. The sale to SyBridge is subject to bankruptcy court approval and is expected to close before the end of 2022. SyBridge is acquiring most of the operating assets of Fast Radius and says that it intends to make offers of employment to a majority of current Fast Radius employees.
According to SyBridge, Fast Radius will continue to operate and build its digital manufacturing and software business under its new owner and will go to market under the Fast Radius brand name. This acquisition is SyBridge’s fourteenth since the company’s inception in 2019.
When to use 3D printing for mass production
You should consider using 3D printing for mass production if: You need to produce customized goods, You need to start or shift production quickly, You need to meet variable demand, You’re planning a low-volume production run, You have a complex part that would be otherwise unmakeable.
Why Manufacturers are Abandoning Just-In-Time
The problem is that organizations are following JIT manufacturing principles in a way that can’t keep up with expectations in today’s supply chain. Nearly half of respondents (48 percent) have moved away from JIT, with the majority making the change during the pandemic. This is no surprise, as respondents’ top supply chain pain points correspond to the greatest weaknesses of JIT.
3D Printing Drives Growth In On-Demand Manufacturing
This new breed of on-demand digital manufacturing company is highly invested in software and digitally driven manufacturing technologies, such as industrial 3D printing. They not only promise faster and more efficient part manufacturing locally, but digital solutions that enable cost-saving product innovations and accelerated time to market for nearly any type of product.
The company’s newest microfactory on Chicago’s Goose Island features industrial 3D printers from Carbon and HP along side digitally integrated CNC machines, as part of Fast Radius’ Cloud Manufacturing Platform. The microfactory will produce component parts for companies across industries including electric vehicles, medical and healthcare devices, and consumer goods. The World Economic Forum named Fast Radius one of nine best factories in the world implementing “technologies of the Fourth Industrial Revolution” or Industry 4.0.