Company Name: FBR
Announcement Date: 16/02/2017
Announcement Category: Product launch/update
Announcement Content:
In a recent Investor Presentation, Fastbrick Robotics (ASX:FBR) announced a $2 million price tag for the Hadrian X. The price offers a very high rate of return on investment, giving businesses a very strong case for the purchase of the machines.
Construction of the Hadrian X has advanced to 30% completion, and Fastbrick Robotics confirms the delivery of the first commercial unit in CY17. The global marketing strategy has generated immense interest with potential partners, and the intellectual property portfolio has been strengthened through three provisional patents.
Fastbrick Robotics plans to scale the production of the Hadrian X with the assistance of well established and recognised global manufacturers.
Announcement URL: http://www.asx.com.au/asxpdf/20170214/pdf/43fzghyczvdvmj.pdf
About FBR:
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: FBR
Announcement Contact: [email protected]
