Fast Radius

HiBid Appoints Pat McCusker as Chief Executive Officer

Retrieved on: 
Tuesday, March 12, 2024
Lincoln, McCusker, McKinsey & Company, Growth, Entrepreneurship, Sale, Software, Fast Radius, Auction, Marketing

OCALA, Fla., March 12, 2024 /PRNewswire/ -- HiBid, the premier auction technology company that connects buyers, sellers, and auctioneers worldwide via the HiBid.com platform and the Auction Flex 360 auction management solution, announces the appointment of Pat McCusker as Chief Executive Officer, effective immediately.

Key Points: 
  • OCALA, Fla., March 12, 2024 /PRNewswire/ -- HiBid, the premier auction technology company that connects buyers, sellers, and auctioneers worldwide via the HiBid.com platform and the Auction Flex 360 auction management solution, announces the appointment of Pat McCusker as Chief Executive Officer, effective immediately.
  • McCusker joins HiBid with 25 years of experience scaling high-growth software and marketplace businesses, including in the online auction industry.
  • Early in his career he co-founded AuctionMax, an online auction management platform which was acquired by a Fortune 500 retailer.
  • McCusker will be opening a new office in Chicago, Illinois, where HiBid will be adding team members across software development, product management, marketing, and finance.

McNally Capital Appoints Lou Rassey as Co-CEO and Managing Partner

Retrieved on: 
Monday, February 5, 2024
Technology, Other Defense, Finance, Other Technology, Aerospace, Professional Services, Manufacturing, Other Professional Services, Defense, McKinsey & Company, Growth, Private equity, History, Fast Radius, Investment, Partner, Ward, Management

McNally Capital (“McNally”), a private equity firm, is pleased to announce that Lou Rassey has been appointed as Co-Chief Executive Officer (“Co-CEO”) and Managing Partner of the firm, a new position.

Key Points: 
  • McNally Capital (“McNally”), a private equity firm, is pleased to announce that Lou Rassey has been appointed as Co-Chief Executive Officer (“Co-CEO”) and Managing Partner of the firm, a new position.
  • In the newly formed role of Co-CEO, Lou will work alongside Founder, Co-CEO, and Managing Partner Ward McNally to shape and lead the next chapter for McNally Capital.
  • It’s clear that bringing Lou on in this leadership role will further accelerate our progress,” said Ward McNally.
  • “Over the past eight years, Lou has become a highly trusted and respected colleague through his advisory role as an Industry Partner of McNally Capital.

ArisGlobal Strengthens Leadership Team with Addition of Chief Marketing Officer

Retrieved on: 
Wednesday, May 3, 2023
Springer, Knowledge, Growth, Fast Radius, IPO, Health, Acquisition, Frost, CMO, TransUnion, Risk, Culture, Management

MIAMI, May 3, 2023 /PRNewswire/ -- ArisGlobal, the leading provider of life sciences software, today announces the appointment of Julie Springer as its first Chief Marketing Officer (CMO).

Key Points: 
  • MIAMI, May 3, 2023 /PRNewswire/ -- ArisGlobal, the leading provider of life sciences software, today announces the appointment of Julie Springer as its first Chief Marketing Officer (CMO).
  • "We are thrilled to welcome Julie to the ArisGlobal leadership team," said Mike Gordon, CEO at ArisGlobal.
  • At ArisGlobal, Julie will lead all marketing functions, including brand, communications, content, performance, and product marketing.
  • The addition of the CMO role comes at a time of unprecedented growth and demand for ArisGlobal products.

SyBridge Technologies Announces New Brand Identity Reflecting Company's Transformation And Future Focus

Retrieved on: 
Thursday, February 2, 2023
CNC, Fast Radius, DFM, 3D printing

"Over the past few years, SyBridge has grown tremendously both in size and capabilities to serve our customers globally across a diverse set of industries.

Key Points: 
  • "Over the past few years, SyBridge has grown tremendously both in size and capabilities to serve our customers globally across a diverse set of industries.
  • Our new branding reflects this transformation and the role we intend to play as a distinctive and groundbreaking player within the manufacturing industry," says Byron J. Paul, CEO of SyBridge Technologies.
  • "SyBridge's new brand identity demonstrates our commitment to continue bringing disruptive technologies and solutions that makes us the partner of choice for our customers when it comes to end-end manufacturing solutions."
  • To learn more about SyBridge Technologies and how they are changing the manufacturing industry, visit our new website at: www.sybridgetech.com .

Court Approves SyBridge Technologies’ Acquisition of Fast Radius Assets

Retrieved on: 
Tuesday, December 13, 2022
Cloud, Lincoln International, Bankruptcy, United States bankruptcy court, Chapter 11, Title 11, United States Code, Title 11 of the United States Code, Security (finance), Vii, Sale, Fast Radius, Alvarez and Marsal, Form 10-K, Louisville International Airport, Investment, Debtor, Stretto, Uncertainty, UPS, Risk management

CHICAGO, Dec. 13, 2022 (GLOBE NEWSWIRE) -- Fast Radius, Inc. (OTCMKTS: FSRDQ) (“Fast Radius'' or the “Company”) announced today that the United States Bankruptcy Court of the District of Delaware has approved the sale of a majority of the Company’s assets to SyBridge Technologies.

Key Points: 
  • CHICAGO, Dec. 13, 2022 (GLOBE NEWSWIRE) -- Fast Radius, Inc. (OTCMKTS: FSRDQ) (“Fast Radius'' or the “Company”) announced today that the United States Bankruptcy Court of the District of Delaware has approved the sale of a majority of the Company’s assets to SyBridge Technologies.
  • Fast Radius, Inc. is a cloud manufacturing and digital supply chain company.
  • The Fast Radius Cloud Manufacturing Platform™ provides software applications and manufacturing solutions that help engineers design, make, and fulfill commercial-grade parts, when and where they are needed.
  • Founded in 2017, Fast Radius, Inc. is headquartered in Chicago with offices in Atlanta, Louisville, and Singapore, and microfactories in Chicago and at the UPS Worldport facility in Louisville, KY. To learn more about Fast Radius and how its digital manufacturing capabilities are helping companies, please visit Fast Radius .

Fast Radius Announces Acquisition by SyBridge Technologies, Pending Court Approval

Retrieved on: 
Friday, December 9, 2022
Cloud, Lincoln International, Bankruptcy, United States bankruptcy court, Chapter 11, Title 11, United States Code, Title 11 of the United States Code, Security (finance), Vii, Sale, Fast Radius, Court, Alvarez and Marsal, Form 10-K, Louisville International Airport, Investment, Debtor, Stretto, Uncertainty, UPS, Risk management, Purchasing, Fast

CHICAGO, Dec. 09, 2022 (GLOBE NEWSWIRE) -- Fast Radius, Inc. (OTCMKTS: FSRDQ) (“Fast Radius'' or the “Company”) announced today that, following a comprehensive sale process and competitive auction conducted under Section 363 of the U.S. Bankruptcy code, SyBridge Technologies will acquire Fast Radius’ assets.

Key Points: 
  • CHICAGO, Dec. 09, 2022 (GLOBE NEWSWIRE) -- Fast Radius, Inc. (OTCMKTS: FSRDQ) (“Fast Radius'' or the “Company”) announced today that, following a comprehensive sale process and competitive auction conducted under Section 363 of the U.S. Bankruptcy code, SyBridge Technologies will acquire Fast Radius’ assets.
  • Under SyBridge, Fast Radius will build its digital manufacturing and software business and will go to market under the Fast Radius brand name.
  • The transaction is subject to approval by the United States Bankruptcy Court for the District of Delaware (the “Court”) and certain other customary closing conditions.
  • A hearing to seek Court approval is scheduled for December 12, 2022, with the transaction expected to close before the end of 2022.

SYBRIDGE TECHNOLOGIES TO ACQUIRE CERTAIN ASSETS OF FAST RADIUS

Retrieved on: 
Friday, December 9, 2022
Maintenance, Interim, Digital Solutions, Software, Fast Radius, CMD, Sale, Employment, Investment, Artificial intelligence, Bankruptcy, Engineering, Acquisition, Satellite navigation device, Online shopping, Financial services

SOUTHFIELD, Mich., Dec. 9, 2022 /PRNewswire/ -- SyBridge Technologies ("SyBridge"), a global industrial technology company, announced today that its wholly-owned affiliate, SyBridge Digital Solutions LLC, has been selected as the winning bidder of certain assets of Fast Radius, Inc. ("Fast Radius") [OTCMKTS: FSRD]. The sale is subject to bankruptcy court approval and is expected to close before the end of 2022. SyBridge is acquiring most of the operating assets of Fast Radius, and intends to make offers of employment to a majority of current Fast Radius employees. Under SyBridge, Fast Radius will continue to operate and build its digital manufacturing and software business and will go to market under the Fast Radius brand name. This transaction represents Sybridge's fourteenth acquisition since inception in 2019.

Key Points: 
  • Fast Radius Adds Significant Prototyping, Additive Manufacturing & SoftwareCapabilities
    SOUTHFIELD, Mich., Dec. 9, 2022 /PRNewswire/ -- SyBridge Technologies ("SyBridge"), a global industrial technology company, announced today that its wholly-owned affiliate, SyBridge Digital Solutions LLC, has been selected as the winning bidder of certain assets of Fast Radius, Inc. ("Fast Radius") [OTCMKTS: FSRD].
  • SyBridge is acquiring most of the operating assets of Fast Radius, and intends to make offers of employment to a majority of current Fast Radius employees.
  • Under SyBridge, Fast Radius will continue to operate and build its digital manufacturing and software business and will go to market under the Fast Radius brand name.
  • Patrick McCusker, currently President & Interim CFO of Fast Radius, commented, "We are very pleased to see Fast Radius become a part of SyBridge Technologies.

Fast Radius Establishes Timeline for Chapter 11 Sale Process

Retrieved on: 
Tuesday, November 15, 2022
Cloud, Marketing, United States bankruptcy court, Louisville International Airport, Chapter 11, Title 11, United States Code, Lincoln International, UPS, Investment, Fast Radius, Security (finance), Interest, Vii, Sale, Alvarez and Marsal, Bankruptcy, Entrepreneurship, Uncertainty, Stretto, Form 10-K, Auction, Risk management

This allows us to finish marketing our business and our first-of-its-kind Cloud Manufacturing Platform on an expedited timeline while continuing to serve our customers without interruption, said Lou Rassey, Co-Founder and CEO of Fast Radius.

Key Points: 
  • This allows us to finish marketing our business and our first-of-its-kind Cloud Manufacturing Platform on an expedited timeline while continuing to serve our customers without interruption, said Lou Rassey, Co-Founder and CEO of Fast Radius.
  • Founded in 2017, Fast Radius, Inc. is headquartered in Chicago with offices in Atlanta, Louisville, and Singapore, and microfactories in Chicago and at the UPS Worldport facility in Louisville, KY. To learn more about Fast Radius and how its digital manufacturing capabilities are helping companies, please visit Fast Radius .
  • Additionally, the Chapter 11 proceedings may result in holders of the Companys securities receiving no value for their interests.
  • Fast Radius does not give any assurance that it will achieve its expectations.

Fast Radius Receives Court Approval of First Day Motions to Support Business Operations

Retrieved on: 
Thursday, November 10, 2022
Cloud, GLOBE, Vii, Stretto, Forward-looking statement, Hearing, Investment, Fast Radius, Chapter 11, Title 11, United States Code, U.S. Securities and Exchange Commission, Nasdaq, Louisville International Airport, Sale, United States bankruptcy court, Interest, District, Solution, Alvarez and Marsal, Uncertainty, UPS, Bankruptcy, Lincoln International, Company, Form 10-K, Entrepreneurship, CEO, Security (finance), Risk management

The ruling enables Fast Radius to continue operations in the normal course including:

Key Points: 
  • The ruling enables Fast Radius to continue operations in the normal course including:
    Maintaining employee payroll and health benefits,
    Paying vendors for all post-petition goods and services,
    Other programs that are essential to continuing the business without disruptions.
  • We are pleased to have received approval of the first-day motions.
  • This allows us to continue providing our Cloud Manufacturing Platform to our customers without interruption, while maintaining our relationships with our vendors and business partners, said Lou Rassey, Co-Founder and CEO of Fast Radius.
  • Fast Radius does not give any assurance that it will achieve its expectations.

Fast Radius Commences Chapter 11 to Complete its Marketing and Sale Process

Retrieved on: 
Tuesday, November 8, 2022
Cloud, GLOBE, Vii, Stretto, Cloud computing, Forward-looking statement, Marketing, Investment, Fast Radius, Pink sheet, Chapter 11, Title 11, United States Code, U.S. Securities and Exchange Commission, OTC Bulletin Board, Nasdaq, Bankruptcy, Louisville International Airport, Sale, Hand, Our Boarding House, Board, Interest, Psyche rassei, District, Solution, Alvarez and Marsal, Uncertainty, UPS, Lincoln International, Company, Form 10-K, Radius, Entrepreneurship, Bankruptcy Code, CEO, Security (finance), United States bankruptcy court, Video game console, Risk management

The Company has requested that the court establish certain sale and marketing procedures, which include a proposed bid deadline of December 5, 2022.

Key Points: 
  • The Company has requested that the court establish certain sale and marketing procedures, which include a proposed bid deadline of December 5, 2022.
  • We have served over 2,000 manufacturing customers and 23,000 software users since 2020, said Lou Rassey, CEO and Co-Founder of Fast Radius.
  • Every year since our founding, Fast Radius has grown our revenue, expanded our customer base, and extended our service offerings.
  • Additionally, the Chapter 11 proceedings may result in holders of the Companys securities receiving no value for their interests.