FBR Limited (AU:FBR) has released an update.
Robotic technology firm FBR Limited announced the successful completion of Site Acceptance Testing for its next-generation Hadrian X bricklaying robot at the Fort Myers facility in Florida, confirming the technology’s adherence to design and building standards. The milestone prompts a $600,000 payment to FBR under the Demonstration Program agreement with CRH Ventures, which will see the construction of up to ten houses using the Hadrian X. Upon completion, FBR anticipates a further $400,000 payment, leading to an opportunity for a joint venture in the U.S. Wall as a Service market.
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