Fastbrick Robotics Limited (ASX:FBR) is an Australian robotic technology company developing and commercializing digital construction technology solutions, including the revolutionary commercial bricklaying machine, Hadrian X.
The Hadrian X construction robot is on track to being completed by the end of the second quarter of 2018.
Fastbrick is now targeting 2 percent of the global market within the next five years, approximately 600,000 low-rise buildings a year.
They had a market study which indicated that 150,000 Hadrian X construction robots could replace all home construction workers in the world. Thus they would need to make and sell 3000 Hadrian X construction robots by 2023 in order to hit their 2% target.
In November, 2017, Fastbrick Robotics raised $35 million to help commercialize its Hadrian X bricklaying machine.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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