Manufacturing technology company and 3D printing service bureau Fast Radius has expanded its manufacturing footprint with a new headquarters in Chicago.
Equipped with a fleet of state of the art industrial 3D printers, Fast Radius is now better equipped to fulfill orders on-demand.
Lou Rassey, CEO of Fast Radius, comments:
“It was important to the Fast Radius team that we were headquartered in Chicago, as we are passionate about being a part of the next great industrial manufacturing renaissance in this city, the Midwest, and ultimately, the world.”
On demand 3D printing, UPS delivery
Founded in 2015, Fast Radius offers manufacturing solutions for an increasingly digital supply chain. The company couples additive manufacturing expertise, across metals and polymers, with traditional methods such as CNC machining and injection molding.
A key part of Fast Radius’ service is a strategic partnership with United Parcel Service (UPS) enabling a 24 hour turnaround for part manufacturing and shipping.
Fast Radius has a production facility onsite at UPS Worldport, the world’s largest automated packaging facility, located at Louisville International Airport in Kentucky. As of 2016, the company also has a 3D printing factory in Singapore aligned with UPS’s intra-Asia transportation network.
The partnership with UPS puts Fast Radius in competition with other logistics companies, such as PostNord, FedEx and RSA Global, that have launched 3D printing on demand services around the globe.
State of the art additive manufacturing
The new Chicago HQ for Fast Radius is reportedly home to “one of the most advanced industrial-grade additive manufacturing facilities in North America.” The site is complete with a Carbon CLIP facility and HP Multi Jet Fusion technology. Along with an expansion of production, the company is scaling up its software development teams and sales department.
To date, Fast Radius has succeeded in raising $17 million in venture capital. Nick Solaro, Partner at Fast Radius Series A lead investor Drive Capital, comments, “Manufacturing and logistics are in the midst of a fundamental platform shift to the cloud. The ability to transport parts across the globe—digitally—will transform manufacturing and commerce as we know it, […]”
“We believe that the Fast Radius technology platform clearly represents the next generation of manufacturing and logistics infrastructure that will bring these opportunities to life.”
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Featured image shows industrial grade 3D printed parts. Photo via Fast Radius
