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FBR Limited ( (AU:FBR) ) has issued an announcement.
FBR Limited has successfully completed its United States Demonstration Program in collaboration with CRH Ventures, showcasing the capabilities of its Hadrian X® robotic construction technology. The program included the construction of nine homes, with one completed in a single day, demonstrating the machine’s efficiency. Following the program, a potential joint venture could lead to the purchase of 20 Hadrian X® units and a $40 million loan facility. This initiative reflects FBR’s strategic expansion in the US market and potential implications for stakeholders, including new opportunities for builders like PulteGroup and Neal Communities.
More about FBR Limited
FBR Limited is a company in the robotic technology industry, primarily focusing on the development and deployment of automated construction solutions. Their key product, Hadrian X®, is a robotic system designed for building construction, and the company is targeting market opportunities in the United States through strategic partnerships.
YTD Price Performance: 35.00%
Average Trading Volume: 273,088
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $132.4M
See more data about FBR stock on TipRanks’ Stock Analysis page.
