Fastbrick signs a deal with Caterpillar to develop bricklaying robots

Source: The Sydney Morning Herald
07/05/17, 06:45 AM | Mobile Robots, Other Topics | Construction

Jessica Sier for The Sydney Morning Herald:  Investors poured into small-cap robotics company, Fastbrick Robotics, on Monday after the company struck a deal with global construction manufacturer Caterpillar.

The US giant, which manufactures construction and mining equipment, has invested $2.6 million in the Perth-based company and signed a memorandum of understanding to collaborate on the development, manufacture, sales and services of Fastbrick's robotic bricklaying technology.

Shares in Fastbrick rocketed 19.05 per cent higher to 12.5¢.

Fastbrick is building a commercial version of its robot bricklaying machine, Hadrian X, which will cost about $2 million when it goes into full production in 2019.

The Hadrian X requires little human interaction and works day and night, laying up to 1000 bricks an hour, which is about the output of two human bricklayers for a day.

Caterpillar will also earn the option to invest a further $US8 million ($10.4 million) in the company, taking its stake to about 7 per cent.  Full Article:

More Other Topics Stories | Articles | News

Comments (0)

This post does not have any comments. Be the first to leave a comment below.

Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

The ERT150 - Dorner’s Next Evolution of Edge Roller Technology Conveyors

The ERT150 - Dorner's Next Evolution of Edge Roller Technology Conveyors

The next evolution in Dorner's Edge Roller Technology conveyor platform, the ERT®150, is ideal for small and light-load assembly automation, as well as medical and medical-device assembly application. The ERT platform is the only pallet conveyor of its kind available with an ISO Standard Class 4 rating for cleanroom applications. Earning the ISO Standard 14644-1 Class 4 rating means Dorner's ERT150 will conform and not contribute to the contamination of cleanrooms to those standards. As implied by its name, the ERT150 (Edge Roller Technology) uses rollers to move pallets through the conveyor smoothly with no friction (a byproduct often seen in belt-driven platforms). The conveyor's open design eliminates concerns of small parts or screws dropping into rollers and causing conveyor damage or jamming. The ERT150 is suited to operate in cleanroom environments requiring a pallet handling conveyor. It is capable of zoning for no or low-back pressure accumulation and is ideal for automation assembly applications within industries including medical devices, electronics, consumer goods among others.
More Products
Feature Your Product