Fastbrick Robotics says it is on track to complete a commercial version of its one-armed robot bricklaying machine, Hadrian X, by the end of the year.
In a market update, the company says the June quarter was transformational for Fastbrick.
The US construction machinery giant Caterpillar invested $US2 million ($A2.6 million) in the Perth-based company.
And Marcus Gracey, an experienced executive who has worked with NYSE and ASX-listed companies, was appointed Chief Operating Officer.
“Scaling up to a larger facility and appointing a new COO will progress the development of the Hadrian X prototype and serves as an excellent platform for Fastbrick’s continued expansion,” says managing director Mike Pivac.
“Signing the MOU with Caterpillar will allow us to work with a globally recognised industry leader. We look forward to seeing how the collaboration will further our pursuit of innovation and the commercialisation of our unique technology.
“We are on track to substantially complete Hadrian X in the current calendar year and confident the momentum we created this quarter will continue to build as we push our business forward.”
Fastbrick’s closing cash balance at end of June was $8.651 million. The company says its is well funded through 2018.
The Hadrian X 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 day.
The prototype Hadrian 105 robot, the first of its kind, can be seen in action below:
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