FBR Limited (AU:FBR) has released an update.
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.
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