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).
