Fast Radius, Inc.
FSRWQ
Other OTC0.00
USD
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Fast Radius, Inc.
FSRWQ
(Other OTC)
Recent
price
0.00
P/E
ratio
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div
yld
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ROIC.AI
Capital Structure
FRC
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in mil. unless spec.- Similar Companies
- Business
- Fast Radius, Inc. (OTCMKTS: FSRWQ) operates as a cloud manufacturing and digital supply chain company, providing on-demand production services through its Cloud Manufacturing Platform that integrates design, production, and fulfillment for engineers and supply chain professionals. The company offers core manufacturing capabilities including additive manufacturing such as 3D printing with Carbon DLS, HP Multi Jet Fusion, Formlabs SLA, Stratasys FDM, and Desktop Metal systems; CNC machining; injection molding; urethane casting; and sheet metal fabrication, serving industries like consumer goods, medical devices, automotive, aerospace, industrial equipment, and electronics with industrial-grade metal and plastic parts, alongside product design, testing, application discovery, and global fulfillment services. Founded in 2017 through a merger involving origins from 2014 and headquartered in Chicago, Illinois, Fast Radius maintains facilities in Atlanta, Georgia; Louisville, Kentucky; and Singapore, with a technology-agnostic approach leveraging micro-factories and a global network of third-party suppliers. In recent major developments, Fast Radius completed a SPAC merger with ECP Environmental Growth Opportunities Corp. in February 2022 to go public on Nasdaq under ticker FSRD, raising approximately $106 million amid high stockholder redemptions; filed for Chapter 11 bankruptcy in late 2022 due to liquidity challenges; and sold substantially all assets via a Section 363 auction to SyBridge Technologies for about $15.9 million in December 2022, enabling the continuation of its digital manufacturing and software business under the Fast Radius brand with offers of employment to most employees. Post-acquisition, operations integrate into SyBridge's global network of 17 locations across five countries, emphasizing injection molding tooling, 3D printing production, and specialty manufacturing for markets including medical, consumer packaging, personal care, automotive, and industrial sectors. The company previously secured $48 million in Series B funding in 2019 led by UPS and Drive Capital, and maintains historical partnerships with UPS for supply chain solutions, Carbon for product redesigns, and HP as part of its Digital Manufacturing Network.