Robotic technology company FBR Limited (ASX: FBR) today provided its activities report for the period ended 30 June 2022.
During the quarter, the company completed the first structure using Wienerberger Porotherm clay blocks on commercial terms, utilising a robot, and the upgraded Hadrian X completed its first house structure with zero waste.
FBR established a $4.0 million revolving R&D tax refund loan facility with FC Capital, and secured lease financing for 2 Hadrian X construction robots at $1.15 million per machine.
The company also completed a $4.0 million placement from new and existing institutional and sophisticated investors for working capital and for mechanical completion of the next-generation Hadrian X machine, and a $1.9 million placement to strategic investor Brickworks Limited (ASX: BKW), which is now a substantial shareholder.