Up 418% in 3 months: Is Fastbrick Robotics Ltd the future of construction?

Credit: World Bank Photo Collection

In just the last three months the share price of Fastbrick Robotics Ltd (ASX: FBR) has rocketed higher by a mindboggling 418%.

Fastbrick Robotics is an exciting Perth-based company which has developed and globally patented a robot bricklayer that can create the shell of a building without the need for human hands.

The company’s revolutionary Hadrian X commercial prototype will be the world’s first truck-mounted, fully automated end-to-end bricklaying machine, capable of delivering upwards of 1,000 standard brick equivalents per hour over a 30-metre boom from a single position on-site.

By comparison, according to the National Bricklayers Association the average bricklayer lays 400 bricks per day.

In order to get a complete grasp of what it does, I would recommend readers take a look at the recent video released by the company which shows the Hardian X in action here on its website.

It’s hard not to be impressed with this technology, but will it revolutionise the bricklaying industry?

I certainly believe it has the potential to do so. According to management the Hadrian X will vastly improve the speed, accuracy, and safety of global brick construction.

I’m sure that anything that can cut six to eight weeks off the standard construction time of a residential property is going to appeal to property developers such as Cedar Woods Properties Limited (ASX: CWP).

The company recently announced an agreement to build 11 homes with Archistruct Builders & Designers. If all goes well with the construction of these properties then I have little doubt more agreements will start to flood in.

As tempting as it is to invest in the company, it might be a touch too early and high risk for the average investor. It’s a very exciting concept and one which I believe could be incredibly successful. I’ll be eagerly awaiting the results of the agreement with Archistruct Builders, but for now I’ll be sitting this one out.

In the meantime I would recommend investors take a look at another company looking to disrupt the construction industry. After a sharp slide in its share price, I believe today is a great time to make a long-term buy and hold investment in Aconex Ltd (ASX: ACX).

Alternatively, these three fast-growing shares could be just as good investments. Definitely worth taking a quick look at today in my eyes.

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Motley Fool contributor James Mickleboro has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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