Home-building robot company enters deal with Brickworks

The company known for building a home structure with a robot has today reached a breakthrough agreement with a subsidiary of Brickworks (ASX: BKW), with expectations for a pilot program to kick off in Western Australia.

Within months of its partnership with Caterpillar (NYSE: CAT) falling through, Perth-based Fastbrick Robotics (ASX: FBR) has entered a Memorandum of Understanding (MoU) with Brickworks Building Products to form a joint venture within 45 days.

The two companies have agreed to collaborate on manufacturing and certifying concrete masonry unit blocks that will be suitable for building structural walls and residential buildings in Australia with the help of FBR's Hadrian X robot.

If both parties end up agreeing to the joint venture, it will supply FBR's 'Wall as a Service' to the country's building and construction market using the robot.

The proposed JV would be 50-50 for a period of three years under a shareholder agreement still to be negotiated, with Brickworks granted the exclusive right to supply blocks to Fastbrick's Australian operations.

"Partnering with a company of the scale and reputation of Brickworks is a significant step forward for FBR in the commercialisation of the Hadrian X  Read more

Business News Australia - 5 Feb 2019