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CHICAGO, Sept. 19, 2018 (GLOBE NEWSWIRE) -- Fast Radius, the leading additive manufacturing company, was named as one of the nine best factories in the world by the World Economic Forum (WEF), implementing “technologies of the Fourth Industrial Revolution.” The companies were selected from 1,000 manufacturers worldwide, with Fast Radius selected as the only award recipient from North America. These “manufacturing lighthouses” were chosen by the WEF to form a new network of industry innovators that are embracing and deploying advanced manufacturing technologies at scale.
In addition to Fast Radius, selected in tandem with its logistics partner UPS, the other “lighthouses” include Bosch, Haier, Procter & Gamble, Schneider Electric, Siemens and Johnson & Johnson.
“We are honored to be in such select company as a ‘Factory of the Future’,” said Lou Rassey, Fast Radius Chief Executive Officer. “Fast Radius is leading the global additive manufacturing revolution from our Chicago headquarters, working with our partners and customers to identify and launch new products and business models enabled by these technologies.”
Fast Radius received this award for its breadth and depth of industry 4.0 applications being employed to create tangible value for its customers. This includes meeting increasing consumer demand for fast-turnaround and customized products through Fast Radius’ growing network of distributed, industrial-grade 3D printing facilities, as well as its proprietary operating system that drives real-time analytics and orchestrates design, production and global fulfillment with UPS.
“Our team embraces and masters the latest industrial technologies because we are driven by our mission to make new things possible that advance the human condition,” said Rassey. “Manufacturing is important not just for the things that it makes, but for the things that it makes possible. We feed, power, connect and advance the world with the things we make. We now have new and powerful tools at our disposal to make new things possible. Fast Radius has developed a platform to bring these tools of innovation to people around the globe.”
Lou Rassey will be speaking on behalf of Fast Radius when the 2018 lighthouse network launches this week at the World Economic Forum’s 12th Annual Meeting of the New Champions, September 18-20 in Tianjin, People’s Republic of China.
About Fast Radius
Fast Radius is the leading provider of additive manufacturing solutions, including application discovery, product design and testing, production-grade manufacturing and global fulfillment. From entirely new products uniquely enabled by additive manufacturing to global supply chain solutions leveraging a virtual warehouse, Fast Radius brings the future of manufacturing and the supply chain to its clients. Fast Radius is headquartered in Chicago, with offices in Atlanta, Ga and Singapore, as well as a production hub on-site at the UPS Worldport facility in Louisville, Ky. Visit www.fastradius.com for additional information.