Fastbrick Robotics starts work on new prototype

Company News

by Jessica Ellerm

Fastbrick Robotics Limited (ASX:FBR) has announced it has started construction on its Hadrian X commercial prototype, the follow up to its Hadrian 105 technology demonstrator.

Fastbrick Robotics builds robotic bricklayers for use in the construction industry.

The company has filed patent applications covering several new technologies that will be incorporated into the Hadrian X.

In addition to this, Fastbrick has announced it has been selected as a finalist in the 2016 WA Innovator of the Year program run by the office of the Government Chief Information Officer, with winners announced on 2 November.

Fastbrick Robotics Limited reported a net loss of $5.8 million at 30 June 2016.

Jessica Ellerm

Finance News Network
Jessica joined FNN in April 2016 and presents the Australian Share Market Outlook, and reports on the morning's leading business stories. Alongside FNN Jessica is a fintech industry commentator, writing for her own blog and a number of international online publications.