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

Crypto staking: a new way to earn passive income
Partner Content
You may be familiar with traditional ways of earning passive income such as trading sto...
Etoro
Advertisement

Related Stories

‘Devastated’ boss of collapsed Pivotal Homes warns that risk has swung against builders

‘Devastated’ boss of collapsed Pivotal Homes warns that risk has swung against builders

The devastated boss of collapsed Gold Coast homebuilder Pivotal Hom...

SelfWealth shareholders quash board overhaul attempt

SelfWealth shareholders quash board overhaul attempt

Shareholders in fast-growing online brokerage startup SelfWealth (A...

EVENT to hit divestment target once $75m Rydges North Sydney sale completes

EVENT to hit divestment target once $75m Rydges North Sydney sale completes

Entertainment and leisure services provider EVENT Hospitality &...

Takeover activity lifts a gear for Infomedia with a second $657m bid from Battery Ventures

Takeover activity lifts a gear for Infomedia with a second $657m bid from Battery Ventures

Auto industry software services group Infomedia (ASX: IFM) is mulli...