Describe the company – the elevator pitch …
Fastbrick Robotics Limited (ASX:FBR) is an Australian robotic technology company developing and commercialising digital construction technology solutions.
Fastbrick Robotics’ revolutionary bricklaying machine, the Hadrian X, represents the first application of our underlying intellectual property portfolio.
The Hadrian X is a globally patented 3D robotic bricklaying system, and marks the transition of automated machinery from the secure and controlled nature of indoor factories and laboratories to the dynamically stabilised robots (DSR) that operate outdoors in uncontrolled environments.
Fastbrick Robotics is committed to improving the safety, speed, accuracy, cost and waste management in the global construction industry through utilising the world’s latest innovations in mobile robotic technology.
How are you different?
The robotics sector globally has tremendous growth and presents significant opportunity for those with relevant intellectual property, and the underpinning technology that enables the Hadrian X associated with dynamic stabilisation, has widespread potential applications beyond robotic bricklaying.
While the Hadrian X is not the first robotic bricklaying machine, it is the first machine that is fully-automated from start to finish – meaning that the entire brickwork of a house could potentially be completed in as little as 15 hours without the need for human intervention.
— Fastbrick Robotics (@_Fastbrick) August 16, 2017
Why will the company/product do well?
Fastbrick Robotics has a suite of protected intellectual property that extends well beyond the Hadrian X bricklaying machine and we have hardly scratched the surface in exploring other possible markets and applications for this technology. We are therefore very excited by the unquantifiable potential for the company and its technology and about the additional applications and opportunities beyond the Hadrian X. Having said that, the delivery of the Hadrian X is certainly the company’s priority at the moment.
The Hadrian X represents a quantum leap in digital construction technology and this breakthrough threatens to shake up one of the oldest and largest industries in the world, the construction industry. We know that the digital age of construction is here right now and that the use of robots outside factory walls for purposes including construction is also a reality right now. We intend to lead the charge in this emerging space of digital construction and also explore other markets and applications for our enabling technologies. While many people around the world once objected to automation and the use of robots in factories, so it is that this technology presents as disruption to markets such as construction. The prevalent use of robotics in factories today speaks for itself and we can not only see the same evolution happening with robots outside but we are leading the charge. Our dynamic stabilisation technology now makes this a reality.
People need houses and the world has a shortage of them along with bricklayers. With the valuable end prize of reducing cost, time, and waste while improving safety and accuracy in the building process, the world is watching this technology very closely as it threatens to shake up the way houses and other structures are built.
The industry and the market we are addressing with the Hadrian X is extremely large and the commercial prize is very big, and we are a long way ahead of any other company in terms of the technology we have developed. The potential applications for our enabling technology are potentially endless and we are currently exploring these as part of our broader company strategy.
— Fastbrick Robotics (@_Fastbrick) August 16, 2017
Where are you based?
Perth, Western Australia.
When was the company launched?
Fastbrick Robotics was publicly listed on the ASX in November of 2015 via an oversubscribed reverse takeover, and subsequently raised AUD $5.75 million.
What have been your biggest wins to date?
At the end of 2016, we were named Western Australian Innovator of the Year. This success continued in 2017 when we won the Most Disruptive Technology category at the WAITTA INCITE Awards, and most recently when we announced an agreement with industry giant Caterpillar (see our website at www.fbr.com.au), and when Caterpillar became a shareholder of Fastbrick Robotics Ltd as part of the same deal.
What type of people (market segment) are you trying to attract to your product?
We’ve had a significant amount of interest from both individuals, companies and governments of countries around the world. As a result, we are still working through the details of a fully integrated market strategy that may now be influenced by our recent agreement with Caterpillar Inc.
Tell us about your team?
Our team is primarily made up of both mechanical and software engineers that have been working extremely hard to develop the underlying technology behind the Hadrian X. While we have a reasonably young team, our engineers represent the peak of innovation and have established themselves as leaders in their respective fields. The technical teams are led by founder/Executive Director/Chief Technical Officer Mark Pivac.
We also have a very strong commercial managerial team led by our Managing Director, Mike Pivac, who are leading the company towards the commercialisation of our technology and ensuring a secure and profitable future.
What are your long-term plans for your product/company?
The overall long-term plan is to cement our position as a global leader in the field of robotics, particularly in relation to digital construction solutions. However, our primary focus now is commercialising the Hadrian X and bringing this unique technology to the world.
How do people get in touch with you?
The best way to contact us is via the contact form on our website at www.fbr.com.au. Alternatively, you can keep in contact with us through Facebook, Twitter and LinkedIn.