Fast brick Robotics Limited (ASX:FBR) is, we suggest, at a critical phase in the commercialization of the group’s 3D robotic bricklaying system – the Hadrian X. Our understanding is that management is targeting to have the first commercial prototype manufactured by mid-2018, only three to four months away. Thereafter, the schedule is for the machine to be factory tested in the September quarter, and a 180m2 demonstration house successfully built by the end of November 2018.

With some 166.7m performance sharesworth A$24.2m (at current share price levels) dependent on this timeline, weimagine that it is “all hands to the pump” at the robotic technology company.

While the December 2017 quarterlyreport (released 29 January 2018) indicated that the programme is progressing(including procurement of long lead items, ramping up of staff and resources,and software and hardware simulations), there has been no disclosure over thepast couple of months on the status of the programme relative to the mid-yearmilestone. We suggest that the market, aware of the tight deadlines andmanagement workload, does not expect to receive week-to-week update reports.Nevertheless, it is clear that the market is concerned over the recentinformation vacuum; FBR’s share price has depreciated by some 31% to 14.5cpsfrom 21cps at the beginning of the year.