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.
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