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FBR (ASX:FBR) begins construction on its largest-ever project

ASX News, Industrial
ASX:FBR      MCAP $115.4M
08 December 2021 15:24 (AEST)

Hadrian X construction robot at a build site. Source: FBR

Robotic technology company FBR (FBR) has begun construction on its largest-ever project.

On November 8, the company announced it had entered a $630,000 contract with Perth Builder Inspired Homes.

Under the contract, FBR will supply its ‘Wall as a Service’ technology along with load-bearing walls, internal partition walls and concrete footings and slabs.

FBR’s construction robot Hadrian X has begun building the walls of the 16 townhouses in Willagee, Western Australia.

Hadrian X is a construction robot that speeds up the bricklaying process by using FBR’s stabilisation technology to measure movement caused by wind, vibration and inactivity.

It then counteracts it in real-time by using advanced algorithms to provide precision.

The control system uses computer-aided designs to create a 3D model of the building, essentially telling Hadrian X what to build and which materials it will need.

CEO and Managing Director Mike Pivac is pleased to begin construction.

“We are pleased to have our ground-breaking technology out on another residential building project providing Wall as a Service to a major builder,” Mr Pivac said.

“We have a strong pipeline of work in front of our two existing Hadrian X robots and we expect to grow this pipeline over the coming months.”

The previously planned eight-townhouse project in St James, Western Australia, is expected to begin in the first quarter of the 2022 calendar year, according to FBR.

FBR was steady on the market, with shares trading at 3.8 cents at 3:07 pm AEDT.

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