FBR bricklaying robot speeds up 300 per cent

FBR bricklaying robot speeds up 300 per cent

Robotic technology company FBR (ASX: FBR) has today announced a major milestone in the commercialisation journey of its bricklaying Hadrian X product, after achieving a new peak laying rate of more than 200 blocks per hour.

The Perth-based company says its second Hadrian robot (H02) has significantly improved its average laying rate across a full house build, and the new top speed is approximately 300 per cent faster than the first model H01.

The company, whose share price has lost a whopping 83 per cent of its value since a Memorandum of Understanding (MoU) with US machinery company Caterpillar (NYSE: CAT) was cancelled in December 2018, claims the new laying rate makes Hadrian X commercially competitive.

The group is now focusing on delivering that lay speed on highly complex building designs for overseas markets and customers.

"We've achieved so many amazing technical milestones over the last two years, but this is the first time that we have been able to prove the real commercial case of the Hadrian X in practice," says FBR managing director and CEO Mike Pivac (pictured).

"When you consider that manual brick and block laying costs globally vary anywhere from $10 per square metre to $100 per square metre, we are already cost competitive across a broad range of the market at 200 blocks per hour.

"However, we are continuing to increase the lay speed and improve the Hadrian X and accordingly our cost of laying will continue to decrease while the market for the machines will grow significantly."

FBR shares rose 13.64 per cent this morning to 2.5 cents each, but this is almost 60 per cent of their trading level of 4.5 cents each at the start of the year.

 

Never miss a news update, subscribe here. Follow us on Facebook, LinkedIn, Instagram and Twitter.

Business News Australia

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

Looking for a credit or charge card that’s built for your business? Try American Express
Partner Content
A good credit card should work for you, not against you, and let you and your business ...
American Express
Advertisement

Related Stories

Mandatory COVID isolation to end nationally mid-October

Mandatory COVID isolation to end nationally mid-October

National Cabinet has today determined that mandatory isolation peri...

Bottoms up: Sydney cold brew coffee liqueur brand Mr Black acquired by beverage giant Diageo

Bottoms up: Sydney cold brew coffee liqueur brand Mr Black acquired by beverage giant Diageo

Fast-growing coffee liqueur brand Mr Black is joining a portfo...

Sunset on the horizon in 2023 for developer Sunland

Sunset on the horizon in 2023 for developer Sunland

A developer behind some of the Gold Coast's most iconic buildin...

Goodwill impairment blows out Toys“R”Us ANZ losses

Goodwill impairment blows out Toys“R”Us ANZ losses

The Australian operator of toys and hobbies brand Toys"R"...