Why the Fastbrick Robotics Ltd share price rocketed 24% higher today

One of the best performers on the local share market today has been the Fastbrick Robotics Ltd (ASX: FBR) share price.

At the time of writing the robotics company’s shares are up 14% to 16.5 cents, but at one stage were up as much as 24% to 18 cents.

Why are its shares rocketing higher?

Today’s gain is likely to be attributable to an update the company released this morning on its Hadrian X construction robotics programme.

According to the update, the bricklaying robot is on track to be fully assembled during the second quarter of 2018, with the most technically complex component of the build already constructed, tested and fitted.

The update went on to advise that the company’s software team are now completing the construction management software package (CMSP) required by the Hadrian X. Pleasingly, the team has recently developed several new features for this software, including a waste management system and the ability to create projects for two and three-storey applications for future testing.

What’s next?

Once the Hadrian X is fully assembled and its construction management software has been completed, management will then commence the strenuous testing process associated with applying its proprietary Dynamic Stabilisation Technology (DST) to the Hadrian X.

This testing process will confirm that the DST meets the functional and technical requirements for the Hadrian X. After which, the test results will assist the company in assessing DST’s applicability to other potential product solutions currently being considered.

After DST testing, the Hadrian X programme moves to a Factory Acceptance Testing (FAT) phase which requires the robot to build structures in different configurations within a controlled factory environment.

Then finally, in the second-half of 2018 Hadrian X will move outdoors for field testing in preparation for its first house build, a 3-bedroom and 2-bathroom structure known as Build1. Management aims to complete that in the fourth-quarter of 2018.

Should you invest?

I think Fastbrick Robotics is an exciting robotics company with enormous potential.

If the technology is as successful as expected, I don’t believe it will be long until Hadrian X is rolled out en masse to build houses around the world. Especially if its partnership with global giant Caterpillar bears fruit.

But it is still a little soon for me to invest. I intend to sit this one out until the results of Build1 are known. Until then, I’ll be focusing on tech companies such as Altium Limited (ASX: ALU) and Appen Ltd (ASX: APX).

Alternatively, these three up and coming mid cap stocks could be even better options.

The Disruptors: 3 Revolutionary Aussie Companies to Back for 2018

We’re living in one of the most exciting times in investing history. Innovation and a booming culture of entrepreneurship are constantly creating new companies with the potential to make forward-thinking investors very rich. Now more than ever, one small, smart investment could make a huge difference to your wealth.

That’s why at The Motley Fool we’ve been scrutinizing the ASX to uncover the kinds of companies that we believe could turn into the next Cochlear or REA Group.

We’ve found three exciting companies that we believe re poised to perform in the new year. Click here to uncover these ideas!

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Altium and Appen Ltd. 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 Scott Phillips.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…


The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!