Join

Enter Details

Comment on stories, receive email newsletters & alerts.

@
This is your permanent identity for Business Insider Australia
Your email must be valid for account activation
Minimum of 8 standard keyboard characters

Subscribe

Email newsletters but will contain a brief summary of our top stories and news alerts.

Forgotten Password

Enter Details


Back to log in

Fastbrick Robotics has put a $2 million price tag on its one-armed robot bricklayer

Building a house by robot. Image: Supplied.

Perth-based Fastbrick Robotics says its one-armed bricklaying robot will cost about $2 million when it goes into full production.

The company, in an investor presentation released today, says it hopes to be supplying customers with Hadrian X machines, the commercial version of the prototype, in 2019.

“Fastbrick Robotics plans to scale the construction of Hadrian X with the assistance of well established and recognised global manufacturers,” the company said.

“The unit price of $2 million per Hadrian X unit offers a very high return on investment, giving business a very strong case for these machines.”

Delivery of the first commercial Hadrian X unit, mounted on a truck with a 30 metre boom robotic arm, is due this year.

In the December quarter, ethical fund Hunter Hall made a $8 million investment in Fastbrick, giving it a 17.2% holding.

Here’s an animation of the robot in action:

The Hadrian X requires minimal human interaction and works day and night, laying up to 1,000 bricks an hour — about the output of two human bricklayers for a day.

“We actually print a house, layer by layer .. almost as if it’s growing out of the ground,” says Fastbrick chief technical officer Mark Pivac.

Fastbrick company listed on the ASX in November 2015 in a reverse takeover of DMY Capital. An oversubscribed IPO raised $5.75 million at 2 cents a share.

Today the shares were up 2.2% to 9.2 cents each.

The prototype Hadrian 105 robot, the first of its kind, can be seen in action below:

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.