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How’s that for testament: FBR’s robot-made-house survived Hurricane Milton

ASX News, Industrial
ASX:FBR      MCAP $207.4M
15 October 2024 10:32 (AEDT)
Hadrian X built house post Hurricane Milton

FBR Limited

Robotic construction tech developer FBR Limited (ASX:FBR) has announced Hurricane Milton did not damage the house its automated ‘Hadrian X’ robot has been building in Fort Myers.

Locating its first demonstration build(s) in Florida, FBR reported on Tuesday that all staff are safe and its Hadrian X house building robot (which is, in a sentence, one long robotic arm attached to the back of a truck) is also undamaged.

But perhaps of more interest to the market – not that markets are uninterested in safety – is that the house Hadrian X built survived Hurricane Milton.

To be fair, it’s basically still just a skeleton – but that could be even more impressive given it’s an overall lighter structure, lack of a roof be damned.

“FBR … confirms that the houses it has built in the Demonstration Program to date were unaffected by Hurricane Milton,” the company wrote on Tuesday.

While Fort Myers is 128km away from where it made landfall – the city of Tampa was smack bang in the direct path of Milton – FBR did point to property damage in the Fort Myers area on Tuesday. So, the storm definitely lashed that area, meaning the Hadrian X built homes got hit.

“There is still significant repair and clean up underway in the area,” FBR CEO Mike Pivac said.

“[But] we are looking forward to continuing with our Demonstration Program in the coming days.

“Our thoughts are with those who have been affected by Hurricane Milton and Hurricane Helene over the past few weeks.”

FBR last traded at 4.3cps.

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