Fastbrick Robotics is ramping up staffing and resources as it moves toward assembling the first commercial version of its one-armed robot bricklayer.
In a quarterly report, the company says the building program continues to gather momentum, with procurement well underway.
“Our dedicated workforce is looking forward to moving into the assembly phase of the Hadrian X prototype,” says Chief Technology Officer Mark Pivac.
At the close, Fastbrick shares were down 5.5% to $0.17.
The company in November last year raised $35 million in an equity placement, enough to fund the business for two years.
The commercial bricklaying robot is expected to cost about $2 million when it goes into full production in 2019.
The machine 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 whole day.
The prototype Hadrian 105 robot, the first of its kind, can be seen in action below: