next decade, there’s a forecast of a doubling
of the consumption of products on the planet with another two billion people coming
into the consuming class. We need to develop ways to meet that demand efficiently and
responsibly. We need to design and make
things better, more efficiently, more sustain-ably. That’s a major force that we see at play
that is now pulling new innovations into the
manufacturing economy. The world needs
this new wave of manufacturing.
Q: Why do you think the World Economic
Forum has chosen Fast Radius as the only
U.S. Manufacturing Lighthouse site so far?
A: I think what they’re looking for in the
Lighthouse program are companies that
have embraced Industry 4.0 technologies
and are employing them for very tangible
business impact at scale. From the ground
up, we built our business and our strategy
around driving tangible impact for customers. We embraced additive manufacturing
technologies and powerful digital design
and simulation tools on the front end to help
them make new products.
We have also designed a “first of its kind”
standard, repeatable, reliable software operating system for our factory that allows
companies to embrace additive manufacturing at industrial-grade levels of quality.
That’s quite unique. For the last 30 years additive has principally been a prototyping
tool. Now the technology has matured to
the point where the materials and the performance of the products that you can make
can rival legacy production methods from
injection molding or other traditional techniques. The economics are also now increasingly attractive for many products.
The software operating system that we’ve
created takes a customer’s design and cre-
ates a digital thread through every step of the
manufacturing process, all the way through
fulfilment. It allows us to gather data at every
step along that digital thread, analyze it, and
learn from every part that we make so that we
can get better each time and use those lessons
as we continue to serve our customers.
In addition to the data platform that we’ve
put in place, we’ve also embraced a number of
new production tools in the factory, including
advanced automation, collaborative robotics, and tools of digital metrology where we’re
able to scan a part, compare that part to the
design intent, include that information in a
digital thread and have that on record as the
part goes out into the field.
So, it’s not the deployment of just one 4.0
technology, but it is how we have embraced
a full suite of Industry 4.0 technologies into
an integrated operating system that allows
companies to use additive manufacturing
for real industrial applications.
Dialogue / Lou Rassey/ Fast Radius /4/8
Title: Co-Founder and Chief Executive Officer
Education: Bachelor’s degree in mechanical engineering, University of Notre Dame; Master’s degree in engineering management,
University of Michigan-Dearborn; Master’s degree in mechanical
engineering, MI T; M. B. A., MIT-Sloan School of Management.
Previous Roles Include:
- Founder & CEO, Two Roads Group
- Strategy & Launch Advisor, Digital Manufacturing & Design and
Innovation Institute (DMDII, now MxD), McKinsey & Company
- Co-Lead, “Future of Manufacturing” Global Research & Advisory
Project, McKinsey & Company
- Principal, Manufacturing & Private Equity Practices, McKinsey &
- Engineer, Daimler Chrysler
- Operations Executive, TRITEC Motors (BMW/Daimler Chrysler
Industry Roles and Awards:
- Fellow, Leaders for Manufacturing, MI T
- World EconomicForum,ManufacturingLighthouseAward