FBR Limited (AU:FBR) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
FBR Limited has announced the successful completion of Site Acceptance Testing in Florida, which leads to a significant payment and potential for a joint venture with CRH Ventures that could result in a major purchase order and a substantial revolving loan facility. The company is making inroads in the US market with wall offtake agreements and the scaling of its Hadrian X fleet to meet the growing housing demand amid labor shortages. FBR boasts a robust patent portfolio and proven commercial success with its advanced autonomous construction technology.
For further insights into AU:FBR stock, check out TipRanks’ Stock Analysis page.