FBR
FBR Robots, Source: FBR
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  • FBR (ASX:FBR) announces an agreement with Liebherr USA Co. entailing Liebherr’s facilities in Miami, Florida, as the designated service and maintenance hub for the innovative ‘Hadrian X robots’, upon formal approvals
  • The robots will be initially deployed in the US
  • FBR last traded at 2.3 cents, at 9:36 AEDT

Robotic technology company, FBR (ASX:FBR) has announced an agreement with Liebherr USA Co., which entails Liebherr’s facilities in Miami, Florida, as the designated service and maintenance hub for the innovative ‘Hadrian X robots’, upon formal approvals.

The stabilised robots will be initially deployed in the US, with an aiming of helping to transform the US construction landscape.

“Use of the Miami facility is of significant benefit to FBR and will allow us to demonstrate the capabilities of our technology to US builders in pursuit of a pipeline of work for the future Wall as a Service operating entity,” FBR Managing Director and CEO Mike Pivac said.

Both parties will engage in knowledge transfer regarding Hadrian X mechanical and electrical systems, and aim to speed up the manufacturing upon the formalisation of a long-term Manufacturing and Commercialisation Agreement.

“We continue to be impressed by FBR’s rapid development of their technology and product, particularly around the next-generation Hadrian X,” Liebherr-International AG Managing Director Stephen Albrecht said.

“Liebherr and FBR share a vision for a safer, more efficient job-site and strongly believe that automation and digitalisation are key enablers to achieving this.

“We are confident that the Hadrian X will be successful in meeting its performance targets ahead of a possible long-term Manufacturing and Commercialisation Agreement,” Mr Albrecht said.

Given the timing of the Hadrian X robot deployment in the ongoing program with CRH Ventures in the US and the possible joint venture for Wall as a Service, FBR and Liebherr have added 12 months to Phase One of their understanding.

The extension will give them enough time to start operations, and finalise terms for the global manufacturing and commercialisation of Hadrian X.

FBR last traded at 2.3 cents, at 9:36 AEDT.

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