- Fastbrick Australia has entered a building program with Summit Homes
- The company will promote its revolutionary bricklaying robot during the program
- Additionally, the company will show off its Wall-as-a-Service model and build display homes
- Fastbrick’s share price is slightly up by 3.39 per cent today, with shares trading at 6.1 cents each
FBR’s joint venture company, Fastbrick Australia, has entered into a Building Pilot Program Agreement with Summit Homes Group.
Fastbrick Australia is the joint venture company established with Brickworks Building Products, and offers Wall-as-a-Service (WaaS) to the Australian market.
“The Building Pilot Program with Summit is another important step in Fastbrick Australia’s introduction of the Wall-as-a-Service model to the Australian market,” FBR CEO Simon Amos said.
This program with Summit consists of three stages. The first is a Demonstration Stage under which Fastbrick Australia will supply WaaS for three houses on FBR premises using a range of designs by Summit.
Each of the house structures will be inspected, assessed and reported by Summit and independent consultants to ensure they meet building standards.
In the second stage, the Display Home Stage, FBR and Summit will enter a contract under which Summit will build a display home using Fastbrick’s blocklaying services.
The display home will then be purchased by FBR to demonstrate and promote the use of the Hadrian X, its revolutionary bricklaying robot.
“We are looking forward to working with Fastbrick Australia and seeing first-hand what the Hadrian X is capable of,” Summit Chief Operating Officer David Hunt said.
“Using a range of Summit’s award-winning home designs in the Building Pilot Program will give us the opportunity to see how WaaS can streamline our projects and inform some of our building processes,” he continued.
This contract will need to be entered within three months otherwise the Building Pilot Program may be terminated.
The third stage is the Builder’s Project Stage in which Fastbrick will supply WaaS for a single storey residential structure under a building contract with a homebuyer.
This agreement with Summit is integral for FBR to demonstrate the speed, accuracy, safety, quality and reliability of the Hadrian X construction robot.
Fastbrick Australia intends to enter similar pilot program arrangements with other WaaS customers as part of its commercialisation strategy.
FBR’s share price is slightly up 3.39 per cent today with shares trading at 6.1 cents apiece as at 12:39 pm AEDT.