FBR signs deal to build world’s first 3D printed brick homes
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Fastbrick Robotics Limited (ASX:FBR) has signed a framework agreement with Perth based builder Archistruct Builders & Designers to construct the world’s first 3D printed brick homes.
The agreement between the two parties is non-binding and non-exclusive in nature, meaning FBR can seek commercial opportunities with other builders.
A total of eleven 3D printed brick homes will be built using FBR’s Hadrian X commercial prototype technology.
The homes will be built within the confines of a standard building environment with each home to have a minimum floor plan of 180m2 and consist of at least three bedrooms and two bathrooms.
Construction of the homes will commence following the completion of the Hadrian X prototype.
The Hadrian X will supersede the award winning Hadrian 105 that printed the world’s first multi-room structure.
The Hadrian X is able to able to lay 1000 bricks per hour compared to the human average of 300-500 per day.
The framework agreement gives Archistruct Builders & Designs the first construction rights beyond the initial 10 homes, with the 11th home to be charged at standard commercial rates.
The supply of the land and all the building services will be covered by Archistruct Builders & Designs.
In future, Archistruct will sub-contract FBR to build the brickwork from slab to cap using the Hadrian X as part of the residential building process.
A formal agreement between the two parties detailing the terms of the partnership will soon be finalised.
Should the 11 homes be built as planned, FBR could further make a name for itself in the construction industry on top of the copious amounts of press coverage it has received around the world recently for its potentially industry changing technology including this article in June: ASX Robot Tech Set to Build Houses 10 x Faster than Normal by the Next Tech Stock.
Interestingly since June FBR’s share price has risen over 180% and now sits at 7.6 cents.
However, trading trends to date for FBR are not an indication of future share price performance and these should not form the basis of an investment decision.
Whilst the company is still early stage and the technology largely still unproven in a commercial environment, the ability to transform the housing industry is a real opportunity that today’s agreement validates.
FBR’s aim is to have the Hadrian X build homes faster, with more accuracy and safer than the current manual labour methods.
With a labour shortage in the bricklaying industry, FBR may have the solution the construction industry has long been waiting for.
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