Fastbrick Robotics Limited (ASX: FBR) develops automated bricklaying technology. The company offers 3D automated robotic bricklaying machines, robotic brick, and block laying machine and systems. FBR serves customers in Australia.
The company has via its corporate presentation for the month of December stated that it has introduced a disruptive technology in the automated construction space by coming up with the revolutionary “Hadrian X” construction robot, which’s a patented 3d robotic block plotting system.
The key highlights for the previous 12 months also include the mention of the completion of design and assembly of the two Hadrian X robots. Moreover, their core IP, i.e. dynamic stabilisation technology (DST), has been proven to be compatible with the Hadrian X. The firm would achieve competitive advantage given its capability to provide end to end handling and placement of the block products. Hadrian X would provide for the automatic handling, cutting and digital placement of the blocks used to construct a house. The technology would lead to safety, speed, accuracy and waste reduction resulting in better management of operating costs.
The Hadrian X has completed its first domestic structure with three bedrooms & 2 bathrooms in just a span of less than the targeted three days. Now, the operations team is aiming at the enhancement of its speed, reliability, and accuracy.
The firm plans to enter into strategic alliance with the various brick and block manufacturers along with the builders, in order to enable a scalable platform business model called “Wall as a Service” (WaaS). This initiative would make Hadrian X an inseparable part of the modern construction process in the near future. This fact has also been substantiated with the extensive market research and the financial model signalling the optimality of WaaS. Hence going forth, a pilot program has been planned in Europe so as to test the Hadrian X in European conditions building European designs by using the WaaS business model.
In order to present the WaaS as an integrated and comprehensive ecosystem, the firm is developing a proprietary software program which would extract block data from numerous sources and create wall data sets for the Hadrian Robot’s planned execution.
The company has due to its recent initiatives attracted increase interests from the world’s leading developers in the software space which are keen on providing services to the firm in the domain of machine learning, artificial intelligence and augmented reality. The firm has also initiated commercial discussions with these leading developers.
Given the kind of technology that the Hadrian X is going to introduce it will have an addressable market in the low-rise construction market of $330 Bn standard bricks per year and a global construction market of $13 trillion annually.
The next twelve months has a lot in store for the FBR considering the completion of houses structure via its Hadrian X, demonstration of WaaS model in the pilot program and continued development of proprietary software products. These developments in the forthcoming year will produce immense opportunities for the company that would lead to an expansion of its revenues exponentially.
On December 3, 2018, FBR Limited closed the session at $0.165 per share which implies the rise of $0.005 per share or 3.125%. The market capitalisation of the company is $198.68 Mn, and the stock is trading slightly towards the lower range. In the past one month, the stock has delivered the return of 6.67%.
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