Rapidia reports product development risks paying off
Rapidia Inc, based in Vancouver, British Columbia, Canada, has reported significant growth, with the company’s expansion into international markets and impressive sales performance leading to a profitable third quarter.
Rapidia recently formed strategic partnerships in Japan and France, reporting sales in both regions. The company also celebrated its first installations in Europe and sales in the Middle East, said to highlight the global demand for its Additive Manufacturing solutions.
“We’re delighted to see some of the risks we took in our product development begin to pay off,” stated Artem Bylinskii, CEO of Rapidia. “We chose a difficult path by committing to the fundamental advantages of printing with metal paste, and it meant we were slower to market than some of our competitors. Seeing customers benefit from the speed and cost advantage of our approach is rewarding.”
Rapidia’s two-step AM technology, developed over several years and first revealed in 2019, works by extruding a flowable bound metal paste. The paste is dried, layer by layer, creating green parts with 90% less binder than found in metal filaments or Metal Injection Moulding (MIM) feedstocks. As a room-temperature process, the technology is not limited by the speed of melting and then cooling polymer carriers. Moreover, the low binder content allows green parts to be put directly into short sintering cycles, skipping the debinding step and ultimately outputting many finished parts in under twenty-four hours.
“We invested heavily in developing an affordable, high-performance sintering furnace, as we saw that as the technological cornerstone of bound metal manufacturing. Now we find ourselves selling furnaces to users of other bound metal printing technology and we’re able to serve new types of customers and new applications. It’s exciting,” Bylinskii added.
