What's Happening?
Rapid Fusion, a technology specialist based in Exeter, has surpassed the £2 million revenue mark for the first time in its three-year history. This achievement is attributed to the growing demand for its large format additive manufacturing solutions, including products like Apollo, Zeus, and Medusa. The company operates from a state-of-the-art demo facility and has seen both domestic and international sales. Rapid Fusion's latest innovation, Cerberus, debuted at Formnext and is designed for rapid deployment in isolated areas, offering a build volume of 1200mm3 and a pellet throughput of up to 17kg per hour. The company plans to expand its manufacturing space and create new jobs to support its growth.
Why It's Important?
The success of Rapid Fusion highlights the
increasing importance of 3D printing technology in various industries, including automotive, aerospace, and military applications. The company's ability to provide engineered solutions for real-world applications positions it as a significant player in the additive manufacturing sector. This growth not only contributes to the local economy by creating jobs but also demonstrates the potential for 3D printing to revolutionize manufacturing processes, particularly in remote and challenging environments. The expansion of Rapid Fusion's operations could lead to further innovations and collaborations, enhancing its competitive edge in the global market.
What's Next?
Rapid Fusion plans to expand its manufacturing space over the next 12 months, which will support the scale-up and delivery of its Cerberus system. The company is in negotiations with several organizations interested in purchasing this technology, indicating a strong market demand. As Rapid Fusion continues to innovate and expand, it may explore new markets and applications for its 3D printing solutions, potentially leading to further growth and industry partnerships.
