Robotic technology company FBR Limited (ASX:FBR) is pleased to provide its quarterly activities update for June 2021.
FBR completes first childcare centre at Amberton Beach
In the June quarter the Company completed its second non-residential structure for a customer using Hadrian X® – this time, a childcare centre in the Amberton Beach coastal development by Stockland.
FBR was appointed as a robotic sub-contractor for the childcare centre, which will become a centrepiece for the community being established by Stockland at the Amberton Beach coastal community, near Eglinton in Perth’s north.
Hadrian X® built the double brick cavity walls of the childcare centre, comprising all external as well as some internal walls. The centre was completed on time in 16 build days, and consisted of 8,670 concrete masonry units, the equivalent of approximately 36,500 standard bricks. The work was completed in a significantly shorter time period than the estimate for manual bricklayers, and was charged at the prevailing commercial rate for bricklaying services.
The Hadrian X® continued to operate in challenging weather conditions including heavy rain and strong winds. The childcare centre was built in five sections, requiring five different building positions for the Hadrian X®, and as well as being the largest structure built by the Hadrian X®, it is also one of the tallest, with a 4.8m high wall incorporated into the structure.
Hadrian X activity update
A Hadrian X® will shortly be deployed to a residential building site in Western Australia, where it will complete a single storey residential structure before moving to a nearby block to build another single storey residential structure.
FBR continues to receive significant inbound interest, both globally and domestically, for the Hadrian X® and is working closely with a range of builders to plan future work and schedule it in with FBR’s continuous improvement program.
FBR completed a significant volume of testing with new products in its facilities, with the aim to build structures in Western Australia using previously unused block and adhesive products in the coming months.
R&D tax incentive cash refund
During the quarter FBR received a research and development tax incentive refund of approximately $6.9 million for the 12-month period 30 June 2020. FBR also received an advance payment of the research and development tax incentive refund for the year ended 30 June 2021 of approximately $2.5 million at an annual interest rate of 14% per annum. FBR will repay the advanced funds issued upon receipt of the FY21 R&D tax incentive refund.