House built using Fastbrick’s materials reaches lockup stage

Published at Sep 16, 2016, in Technology

Fastbrick Robotics (ASX:FBR) has announced that a house under construction with partner Archistruct Builders & Designers has reached lockup stage.

The house has been built using FBR’s proprietary system of precision bricks and adhesive that are the intended preferred materials to be used by the Hadrian X.

The construction was carried out using manual bricklaying labour methods to confirm that the materials used were able to design a structure capable of receiving engineering and Council approval, which it now has.

The bricks used in the construction feature perpendicular joints, meaning adhesive need only be applied to the top and bottom of the bricks. This method allows for greater thermal efficiencies for the house and improves the overall strength of the structure.

This latest milestone is part of FBR’s pilot strategy of using Perth as a test market for its technology and follows on from the announcement earlier in the month that FBR will construct 11 houses with Archistruct using the Hadrian X prototype.

FBR plans to begin building the homes in the 3rd quarter of 2017, and to manufacture around 8000 of the robots over the next decade.

The technology developed by FBR has the potential to revolutionise the bricklaying industry, however the company is still early stage and is yet to complete a commercial prototype.

As such FBR should be considered an early stage investment proposition and if considering this stock for your portfolio you should seek professional financial advice.

At present the technology is not proven in a commercial setting, please seek financial advice before making any investment decision.

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Thanks for subscribing!