Fastbrick CEO discusses stabilisation video and global brick deal.
- Phil Carey
- Jul 28, 2019
- 2 min read
Updated: Jun 15, 2020
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.



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