Robot brick layer to build 50k homes

Perth based Fastbrick Robotics (ASX:FBR) recently signed a Memorandum of Understanding with machine giant Caterpillar and the Saudi Arabian government.

The CAT deal helps get the business rolling while the Government signing means the company will supply 100 Hadrian X robot brick laying trucks soon.

Mike Pivac, CEO of Fastbrick talks to Phil Carey

The Robots are coming

High rise robot cranes could dot the skylines of major cities around the world in the near future, according to Australian robotics company Fastbrick (ASX:FBR).

The technology has created enormous interest globally as it solves the latency issue that has prevented robots working outside of controlled environments like factories.

"We are a company that is going to have dozens of revenue streams." said Fastbrick CEO, Mike Pivac.

Fastbrick’s proprietary Dynamic Stabilization Technology [DTS] which underpins the company's first robot, the Hadrian X brick layer, "has the ability to make two thousand calculations a second.” said Pivac.

He told www.InsideMarket.net the company is in active conversations with numerous companies around the world to roll out DTS driven technology covering a wide range of industry sectors.

“They are all wanting it now because once they see the Hadrian X bricklaying robot (which uses DTS to achieve millimetre accuracy over 30 metres) a light bulb of potential goes off.” he said.

In part two of our interview with InsideMarket.net Editor Phil Carey, Mike Pivac explained more about the potential of the Dynamic Stabilization Technology.

*Let us know what you think or if you have any suggestions about companies you'd like us to report on.

Fastbrick Hadrian X assembly shifts to 24/7 to meet demand.

Mike Pivac, CEO of Fastbrick Robotics ASX:FBR has told InsideMarket.net that the demand for it's robotic brick laying technology Hadrian X is far outstripping their expectations.

“What will drive the scaling of our business is how fast FBR and construction giant Caterpillar (FBR's strategic allianace partner) can get their act together in getting some machines coming off the production line.” said Mike Pivac.

“We are ramping up our assembly of the first two machines to seven days a week 24 hours a day for the next four months to allow in house testing as soon as possible and it is all to meet demand.

Pivac also told Phil Carey, Editor of InsideMarket.net that the company will shortly be announcing a US based global advisory team consisting of several key tech leaders from around the world.

This is separate to it's recently announced strategic advisory appointment of firm EY-Parthenon to undertake a Global Study of Hadrian X opportunity develop a medium term strategy plan for Fast Brick Robotics ASX:FBR

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