Australia- DMY Capital automates into robotic builder

MENAFN Wednesday 24th June, 2015

ASX:DMY ) formerly Dromana Estate has executed a conditional term sheet to acquire Fastbrick Robotics which has developed robotic technology to automate the bricklaying process.This is subject to due diligence and raising 3 million to fund the next stage of growth.Key among the stated advantages of the technology is a faster construction time of an average house from slab to cap height in one to two days.Reduced labour costs are also a feature. The acquisition constitutes a change in the nature of the company’s activities and will require shareholder approval and re-compliance with Chapt...


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