- Under the MoU, the two companies would be collaborating on manufacturing clay & masonry blocks for the Australian market.
- The firms would be forming a joint venture called Fastbrick Australia Pty Ltd to provide WaaS to the construction industry.
Fastbrick Robotics Ltd (FBR), an Australian robotic technology company, has reportedly signed a Memorandum of Understanding (MoU) with Australia’s biggest building material manufacturer, Brickworks Building Products (Brickworks), to establish a new construction industry joint venture (JV).
Reports cite, under the MoU, the two companies would be collaborating on designing, manufacturing, testing & obtaining compliance certification for clay & masonry blocks to the Australian market.
According to a report by Small Caps, the three-year collaboration agreement aims to showcase the technology that lies behind FBR’s innovative Hadrian X, a fully-automated bricklaying robot that has been designed to construct a house in little over three days.
The companies would also be forming a specialty joint venture firm, Fastbrick Australia Pty Ltd, to supply the Australian construction & building market with Wall as a Service™ (WaaS) through the Hadrian X robot.
The CEO of FBR, Mike Pivac stated that the company’s relationship with Brickworks would expedite the global commercialization of its technology significantly by the support they are capable of providing as the nation’s leading player in construction materials. Pivac further stated that Brickworks can offer the company direct market access to the extensive industry knowledge & customer base it has accumulated over the span of 110 years.
The Managing Director of Brickworks, Lindsay Partridge stated that the company is thrilled to be working with FBR towards establishing the innovative JV initiative. Partridge also added that Brickworks is proud to leverage its extensive expertise to produce customized blocks to be used by Hadrian X and have the opportunity to acquire exclusive rights of block supply for these robots in the nation’s market.
According to reports, the financial details related to the collaboration agreement have not been unveiled yet.