Warp 9! But not just yet says Fastbrick Robotic skipper.

There was some chatter about recently regarding Fastbrick Robotics (ASX:FBR) and Nasa.

It claimed that fastbrick, currently developing its hadrian x robot brick layer with caterpillar, had been in discussion with the US Space Agency.

the 'forum' BASED CHATTER also claimed that Fastbricks underlying Dynamic Stabilization Technology is better than the THAT USED BY THE Space Station.

NOT ONE FOR GOSSIP BUT DEFINITELY A SUCKER FOR ANYTHING SPACE, I contacted Mike Pivac, CEO of FastbRIck and this WAS HIS TEXT REPLY:

"Phil, I have not spoken to NASA recently.

They have a program underway called the Habitat Challenge which we discussed with them back in 2016 but we decided to focus all our attention on getting our machines on earth operating first :)

The program is targeting building structures on the moon within 10 years and on mars within 20.

CAT and a few other large companies are participating. We are not at this stage.

We may participate in the program next year if we are invited to do so.

It is an interesting program and many new Tech companies are vying for some of the cash prizes on offer to solve some of the problems in doing work up there.

As for our DST being better than the space station, that certainly did not come from us.

Cheers

Mike."

aPART FROM DISPLAYING THE SENSE OF HUMOR WE ARE COMING TO KNOW FROM MIKE PIVAC, I NOTE THAT HE DIDN'T DENY THE CLAIM THAT THEIR DYNAMIC STABILIZATION TECHNOLOGY IS BETTER THAN NASA :)

Fastbrick CEO discusses stabilisation video and global brick deal.

Fastbrick Robotics (ASX:FBR) has made two big announcements this week.

The first, was around the testing of their underlying, and critical, Dynamic Stabilization Technology (DST).

The test, captured on video and released to the market on Monday. But CEO, Mike Pivac, admitted to InsideMarket.net, that the presentation of the video "could have been handled better."

The video shows the Hadrian X robot bricklaying head in action, while ropes are used to pull and destabilise the giant robot arm, as it places a brick. However, when the brick is finally placed on top of a another brick, it is not square, and this has sparked much discussion on investment forums.

According to Pivak, the test was only about stability, and the ability of the DST to keep the laying head stable, while the arm of the robot is being forced to move. He said future tests will show the laying accuracy.

Previous videos of earlier Hadrian robots have shown it accurately laying bricks so InsideMarket.net added a reference line to the latest video, to highlight the DST effect.

The original video, and our reference-line video, can be seen during our interview.

The second major announcement, made yesterday, was a global Global Partnership Agreement signed with Wienerberger AG, the world’s largest clay block manufacturer.

The company highlights the announcement on its websites home page. It also released a corporate video on the announcement featuring their CEO, Heimo Scheuch.

Pivac said the deal would begin with the development of customised clay block solutions for the Hadrian X construction robot, and move on to business modelling, market analysis and market entry strategies.

Mike Pivac spoke with InsideMarket's Publisher, Phil Carey.

We do not recommend or advise to buy or sell shares in Fastbrick. The InsideMarket Private Fund does not own shares in Fastbrick at this time and we have not received any payment from the company for this coverage. Shares like this should be considered very speculative, high-risk, and very volatile. There are significant risks inherent in developing new technologies that are not discussed here. You should always seek professional advice before considering any share purchase or sale. Please read our full disclaimer.

The future for robot construction. Fastbrick CEO Mike Pivac explains.

Fastbrick (ASX:FBR) has placed itself in a trading halt on the Australian Stock Exchange.

It has listed the reasons as:

• A Deed of Extension relating to the Company’s existing Memorandum of Understanding with Caterpillar Inc.; and

• A new Option Deed with a subsidiary of Caterpillar Inc. providing it with the option to subscribe for shares in FBR. The exercise of this option is intended to be conditional upon Caterpillar entering into a Strategic Alliance Agreement with FBR and the option will be subject to FBR shareholder approval.

This follows the announcement, a few days ago, regarding the FBR Strategic Collaboration Agreement, with Mexican developer GP Vivienda, which is the housing division of Grupo GP, one of Mexico’s largest construction companies.

InsideMarket Editor Phil Carey spoke with CEO Mike Pivac about the future of the company and the value of its core technology - dynamic stablization.