PriceSensitive

FBR’s robotic home construction tech passes first US early-stage structural compliance check

ASX News, Industrial
ASX:FBR      MCAP $183.3M
10 September 2024 11:45 (AEDT)
The Hadrian X robotic brick layer on site in the US

FBR Ltd

FBR Limited (ASX:FBR) has revealed it’s passed early-stage structural compliance checks on the first US home built using FBR’s ‘Hadrian X’ robotic construction tech.

While this isn’t the first such win for the company – it’s done so in Australia – this is the first compliance ‘win’ for FBR in the US market.

The walls of the home in question have been built using the tech – basically a robotic bricklayer building block structures from a 3D CAD model – meaning construction can now progress.

All in all, it’s a proof of concept validation for the company – and one which FBR calls a milestone for commercialisation outside Australia.

The project is being constructed alongside a partner called CRH Ventures. The parent company, CRH, is a Fortune 500 and FTSE-listed company in the UK.

Florida-based builder New Century USA was also a third party to the build thus far; one of the participating builders in the demonstration program.

Another company called Christopher Alan Homes will later saddle up with FBR to build out a series of homes of different sizes and types using the Hadrian X tech in a way designed to prove the tech can be used on a variety of job-sites.

In between the lines, with construction workforces facing tight labour markets in most western (and other) countries, a robotic construction solution is well faced to raise more than one potentially lucrative eyebrow.

Of course, the company needs to prove structural compliance beyond the walls of a structure.

“We’re very proud to have completed our first residential structure in an international market,” FBR CEO Mike Pivac said.

“Having the opportunity to present our world-leading technology to one of the largest addressable markets in the world has been very exciting so far and we are looking forward to continuing to grow our operations in the United States.”

FBR last traded at 4cps.

Related News