FBR Limited ( (AU:FBR) ) just unveiled an announcement.
FBR Limited announced the conclusion of its joint venture option period with CRH Ventures for Wall as a Service in the United States, as CRH did not exercise the option. This expiration allows FBR to independently explore other financing options for its Hadrian X technology and engage with U.S. builders and governments. The company has completed a demonstration program in the U.S., achieving significant milestones such as building a house structure in a single day, which has opened up future opportunities and confirmed the viability of its wall system.
More about FBR Limited
FBR Limited is a company that designs, develops, and builds dynamically stabilized robots aimed at addressing global needs more safely, efficiently, and sustainably. Their flagship product, the Hadrian X, is a bricklaying robot that constructs structural walls faster and with less waste compared to traditional methods. The company offers Wall as a Service, providing this technology to builders on demand.
YTD Price Performance: 10.0%
Average Trading Volume: 268,838
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $119M
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