Construction companies, beware the name Hadrian because his (maybe her?) rising popularity has secured robotics company FBR (ASX: FBR) for the construction of 8 townhouses in Western Australia.
The deal is FBR’s first multi-home Wall as a Service™ contract where they will deploy their Hadrian X® construction robot to a residential development site in St James, Western Australia.
Pending the necessary permitting and approvals, Hadrian X® will be deployed to the site where it will construct the slab, footings, structural walls, second storey slab and roof trusses for eight two-storey townhouses.
“We are pleased to be adding this large project to our pipeline of work, having spent the past 12 months introducing the Hadrian X® into the real-world building environment to validate our game-changing technology with some prominent Western Australian builders,” said FBR Managing Director, Mike Pivac.
“Now that we have demonstrated all the benefits the Hadrian X® provides, we are now going to ramp up the utilisation of our technology, while continuing the development work at our R&D facility.”
The contract is valued to FBR at $500k for the structural work where traditional construction will take over once the robotic work has been completed.
The work continues rising activity for FBR as Hadrian X® continues making waves in the construction industry. It follows on from the completion of a childcare centre constructed in July 2021 at Amberton Beach, Western Australia where the FBR robot layed 36,500 standard bricks in 16 days through heavy rain and strong winds.
The work was completed in a significantly shorter time period than the estimate for manual bricklayers.
For the year ended 30 June 2021, FBR reported a 7% increase in revenue to $527k in a year of growth for the Company which is establishing a construction portfolio being used to secure future work.
Other benefits of X include its ability to operate 24 hours a day for accelerated construction and its environmental efficiency by minimising brick wastage where traditional labour generally waste 10% of bricks between over-ordering, handling and on-site cutting.
Alfred Chan is a Business Reporter at The Sentiment specialising in ASX-listed small cap companies, a bloodstock enthusiast and former equities analyst.
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