- Robotic technology company FBR (FBR) enters a $630,000 contract with Perth builder Inspired Homes
- The company will supply its ‘Wall as a Service’ technology and will provide concrete slabs for 16 townhouses in a development in Wilagee, Western Australia
- Under the contract, FBR will supply the load-bearing walls, internal partition walls, and concrete footings and slabs using its Hadrian X machine
- Work will begin as soon as possible once all necessary approvals have been received and is expected to be completed by May 2022
- FBR ends the day 11.9 per cent in the green with shares trading at 4.7 cents
Robotic technology company FBR (FBR) has entered a $630,000 contract with Perth builder Inspired Homes.
The company will supply its ‘Wall as a Service’ technology along with concrete slabs for 16 townhouses in a development in Wilagee, Western Australia.
FBR will also supply the load-bearing walls, internal partition walls, and concrete footings and slabs using its Hadrian X machine.
Hadrian X is a construction robot that speeds up the bricklaying process.
It uses FBR’s dynamic stabilisation technology to measure movement caused by wind, vibration and inactivity, and then counteracts it in real-time by using advanced algorithms to provide precision.
The control system uses computer-aided design to create a 3D model of the building, essentially telling Hadrian X what to build and which materials it will need.
Work will begin as soon as possible once all necessary approvals have been received and is expected to be completed by May 2022.
CEO and Managing Director Mike Pivac said the company is excited to be working with Inspired Homes.
“We are excited to be adding another large project to our pipeline of work. This will be our largest project to date and we are looking forward to working with an industry leader in Inspire Homes,” Mr Pivac commented.
“This project is an excellent project for FBR to demonstrate the capabilities of the Hadrian X and we are excited to get started.”
FBR has ended the day 11.9 per cent in the green with shares trading at 4.7 cents in a $92.67 million market cap.