Robotic technology company FBR Limited (ASX:FBR) is pleased to advise that the Company has entered into its first multi-home Wall as a Service™ contract to supply Wall as a Service™ to a third-party residential property developer using the Hadrian X® construction robot.
The contract pertains to a development site in St James, Western Australia, under which FBR will construct the slab, footings, structural walls, second storey slab and roof trusses for eight two-storey townhouses.
Work on the $5 million project will start as soon as practicable after all necessary approvals have been granted, and will be completed at commercial rates with the Wall as a Service™ contract value in excess of $0.5 million.
FBR’s Managing Director & Chief Executive Officer, Mike Pivac:
“We are pleased to be adding this large project to our pipeline of work, having spent the past 12 months introducing the Hadrian X® into the real-world building environment to validate our game-changing technology with some prominent Western Australian builders. Now that we have demonstrated all the benefits the Hadrian X® provides, we are now going to ramp up the utilisation of our technology, while continuing the development work at our R&D facility.”
FBR will also complete the walls of the second of five house structures in Wellard shortly.
