Fastbrick concept could become a reality with new pilot program

Written on the 16 September 2019 by Business News Australia

Fastbrick concept could become a reality with new pilot program

Would you live in a house built by a robot? Fastbrick (ASX: FBR) certainly hopes you would, and their futuristic concept is fast becoming a reality.

The listed technology company has announced a 'Building Pilot Program' with Western Australian builder Archistruct Builders & Designers.

The program, if successful, will see a homebuyer purchase a house with walls built by Fastbrick's Hadrian X robotic bricklayer.

The pilot program with Archistruct consists of three stages.

The 'Demonstration Stage' is first, during which Fastbrick will supply its Wall as a Service (Waas) product for between five and 12 house structures using a range of designs supplied by Archistruct.

Each structure will be subject to inspection, assessment and reporting both by Archistruct and independent consultants to ensure the walls meet relevant building standards.

During this stage, between the completion of the fifth and the 12th house structure, Archistruct can determine that this 'Demonstration Stage' is complete and move onto the second stage, the 'Display Home Stage'.

The 'Display Home Stage' will see Fastbrick collaborate with Archistruct on building a display home using the Hadrian X WaaS technique. The house will be purchased by Fastbrick. Once complete, this display home will be opened to the public.

The third and final stage is the 'Builder's Project Stage', during which a single-story home will be built for a homebuyer, representing a milestone target for Fastbrick.

Fastbrick CEO Simon Amos says he is excited to collaborate with Archistruct on this new project.

"The Building Pilot Program with Archistruct is an important fest step for the Fastbrick Australia joint venture, generating first revenues under the WaaS commercial model," says Amos.

"An important part of the Building Pilot Program is that it helps to inform Archistruct about how theHadrian X and WaaS impacts and improves the broader building process for residential homes, and enables them to prepare their business model and processes for the new world of robotic construction. We are glad to have them on the journey with us as the first builder to have purchased a series of robotically constructed wall structures of varying designs."

Shares in Fastbrick are up 2.74 per cent to $0.075 per share at 11.12am AEST.

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Business News Australia

 
Author: Business News Australia

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