What's Happening?
Rapid Fusion, a technology specialist based in Exeter, has achieved a significant milestone by surpassing £2 million in revenue for the first time in its three-year history. The company has seen increased demand for its large format additive manufacturing solutions, including its Apollo, Zeus, and Medusa products. This growth is attributed to the company's focus on creating usable manufacturing parts for sectors such as automotive, aerospace, military, and life-saving applications. Rapid Fusion's latest innovation, Cerberus, debuted at Formnext and is designed for rapid deployment in isolated areas.
Why It's Important?
The success of Rapid Fusion highlights the growing importance of 3D printing and additive manufacturing in modern industry. As companies seek efficient
and flexible manufacturing solutions, the ability to produce parts on-demand in remote or challenging environments becomes increasingly valuable. This trend could lead to broader adoption of 3D printing technologies across various sectors, driving innovation and potentially reducing supply chain dependencies. For Rapid Fusion, this milestone marks a significant step in its growth trajectory and positions it as a key player in the additive manufacturing market.
What's Next?
Rapid Fusion plans to expand its operations by creating new engineering, design, and software roles. The company is also considering additional space to accommodate its growing business. As interest in Cerberus continues to rise, Rapid Fusion is in negotiations with several organizations to be among the first to adopt this technology. The company aims to leverage its success at Formnext to further penetrate the global market and establish itself as a leader in containerized manufacturing solutions.
