Ann: Framework Agreement with Perth builder for first 11 houses-FBR.AX

Highlights • Agreement with Archistruct Builders & Designers to build world’s 1st 3D printed brick homes • Forms part of Fastbrick Robotics Pilot Market Strategy Fastbrick Robotics Limited (ASX.FBR) (“FBR” or “Fastbrick Robotics”) is pleased to announce that the Company has signed a Framework Agreement with Perth based builder Archistruct Builders & Designers, to construct the world’s first 3D printed brick homes using FBR’s Hadrian X Commercial Prototype.
Under the Framework Agreement, FBR and Archistruct Builders & Designers have agreed to collaborate to build 11 homes using the Hadrian X within the confines of a standard building environment. Each house will have a minimum floor plan of 180m2 consisting of at least three bedrooms and two bathrooms. The 10 homes will be built following completion of the Hadrian X prototype build (refer ASX announcement on 18 July 2016).
The Framework Agreement grants Archistruct Builders & Designers the first construction rights beyond the initial 10 homes, with the 11th home to be charged at standard commercial rates. Archistruct Builders & Designers will be supplying the land and all the building services required to complete the 11 homes.
Archistruct Builders & Designers will sub-contract FBR to provide and operate the Hadrian X to build the brickwork from slab to cap forming part of a residential home which Archistruct will build. The parties will negotiate in good faith to finalise a formal agreement to document in detail the terms of the collaboration.
Fastbrick Robotics CEO Mike Pivac said: “We are excited to have signed our first Framework Agreement for the Hadrian X with Archistruct Builders & Designers, which will ensure the world’s first fully automated, 3D printed brick structures are built in Perth. The Framework Agreement also presents a fantastic opportunity for our commercial pilot, where we will demonstrate to the world the capabilities of the Hadrian X.”
Archistruct Builders & Designers Director Domenic D’Agnone said: “Partnering with an innovative company like Fastbrick will deliver excellent value to our clients. Archistruct Builders & Designers offers a broad range of design options and solutions, and we strive to introduce our clients to new and innovative materials, design concepts and construction methods. The Hadrian X could revolutionise the residential construction space through automation, and we believe it will add significant value to our clients.”
The Framework Agreement between FBR and Archistruct Builders & Designers is non-binding and non-exclusive.
For more information contact:
Fastbrick Robotics Limited Corporate Advisor - Cygnet Capital Pty Ltd Mike Pivac Darien Jagger Chief Executive Officer Director T: +61 8 9380 0240 T: +61 8 9226 5511 Investor Enquiries - Market Eye Pty Ltd Media Enquiries - Market Eye Pty Ltd Kiel Chivers Georgie Morell Associate Director Director Media & Communications T: +61 409 310 987 T: +61 438 008 383