Fastbrick Robotics (ASX:FBR) Appoints Chief Financial Officer

Company Name: Fastbrick Robotics

Announcement Date: 03/01/2018
Announcement Category: Team Update
Announcement Content:

Australian robotic technology company Fastbrick Robotics Limited (ASX:FBR) (‘Fastbrick’ or ‘the Company’) is pleased to announce the appointment of Mr Aidan Flynn as Chief Financial Officer following an extensive nationwide search and vetting process. Mr Flynn is the second senior executive to join the Company’s leadership team in the last month.

Mr. Flynn has been appointed as the Company’s Chief Financial Officer (CFO) and will manage the finance function and be responsible for financial & strategic planning, treasury requirements, tax planning/compliance, cashflow management and the management of key risks. Mr. Flynn will add depth to Fastbrick’s leadership and executive team and will be a welcomed addition to the Company when he commences later this month.

Mr. Flynn has 20 years of corporate experience including more than 10 years in CFO roles. He has spent the past eight years as CFO and Company Secretary of Carnegie Clean Energy Limited (“Carnegie”) (ASX:CCE), an Australian technology company developing a world leading wave energy technology and utility scale solar, battery, wave and hybrid energy projects. Prior to his role at Carnegie, Mr. Flynn was CFO of Chilean hydroelectric developer HydroChile.

Mr. Flynn’s extensive experience in CFO roles in rapidly growing companies has given him expertise across finance, corporate compliance, technology commercialisation, investor relations and capital raisings, legal, administration and information technology functions. He has also devised, implemented and managed complex financial structures and managed significant Australian research and development tax refunds over multiple periods.

Mr. Flynn holds Bachelors of Commerce (Accounting & Finance) and Science (Physics) from The University of Melbourne, is a Certified Practising Accountant (CPA) and has a Post Graduate Diploma in Renewable Energy from Murdoch University.

The expanded leadership team will support Fastbrick’s growth in CY18 and beyond and help further advance the Hadrian X program. The additions to the leadership team will allow Chief Technical Officer Mark Pivac the ability to continue and expand due diligence on broader applications of Fastbrick’s Dynamic Stabilisation Technology and expand the Company’s global Intellectual Property portfolio.

Fastbrick Robotics’ Chief Executive Officer Mike Pivac: “After a robust and extensive process, we have again bolstered Fastbrick’s leadership team with the addition of another senior executive. On behalf of the Board and shareholders I’m very pleased to welcome Aidan Flynn to the Fastbrick team. We are continuing to make significant progress in the Hadrian X program and with Mark Sheridan and Aidan Flynn joining us we are well positioned for a productive 2018. We look forward to informing the market about the Company’s upcoming opportunities and developments.”

Fastbrick Robotics’ Chief Financial Officer Aidan Flynn: “Fastbrick has put together a great team and I’m thrilled to be joining one of the most promising technology & robotics companies in Australia and indeed the world during this next phase of growth. Following the recent capital raise Fastbrick now has both the Financial capital and Human capital to deliver its objectives in 2018. I am confident my extensive experience in building and enhancing the financial part of growing businesses will benefit the Company as it navigates through its next development and growth phase.”

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About Fastbrick Robotics:

Fastbrick Robotics Limited (ASX:FBR) is an Australian robotic technology company developing and commercialising digital construction technology solutions. Fastbrick Robotics’ revolutionary bricklaying machine Hadrian X represents the first application of the Company’s underlying intellectual property portfolio. Hadrian X is a globally patented 3D robotic bricklaying system and marks the transition to dynamically stabilised robots (DSR) operating outdoors in uncontrolled environments.

Fastbrick is currently advancing its robotics technology through a Memorandum of Understanding (MOU) with Caterpillar Inc. (NYSE:CAT) demonstrating global scalability and a MOU with the Kingdom of Saudi Arabia highlighting customer demand for Fastbrick's technology. Fastbrick 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.

Go to Company Profile for: Fastbrick Robotics

Announcement Contact: [email protected]