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Shares in Fastbrick Robotics (ASX: FBR) have risen 15 per cent this morning after the Perth-based group came out of a trading halt to announce the "most significant technical milestone to date" for its Hadrian X automated construction programme.
The company announced it had successfully demonstrated its home building robotic technology by building a 180sqm, three-bedroom, two-bathroom home structure in less than three days.
The achievement followed the successful completion of factory acceptance testing for the Hadrian X construction robot.
The structure was verified as meeting the relevant building standards by a civil and structural enginerring consultancy.
Fastbrick Robotics CEO Mike Pivac says the team is "justifiably proud and excited" to achieve a world-first for FBR.
"We now have the world's only fully automated, end-to-end bricklaying solution, with a massive market waiting for it," Pivac says.
"We will now take everything we have learned to date in the Hadrian X programme and make some refinements ahead of bringing both Hadrian X robots back to our High Wycombe facility for demonstration to key commercial stakeholders.
"We now begin the next exciting phase for the Company, as we execute our global commercialisation strategy to capitalise on the significant demand for our technology."
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