Perth robotic technology company FBR (ASX: FBR) had a busy December quarter, highlighted by mechanical completion and the start of commissioning of its first next-generation Hadrian X® bricklaying machine.
During the quarter, FBR also continued construction activities at the Willagee development, with the southern section reaching completion as the company set a new 9.2m height record utilising the Hadrian X® 109.
A $20 million placement to institutional, sophisticated and strategic investors was completed during the quarter to accelerate completion of the next-generation Hadrian X® program, pursue WaaS® global expansion and commercialisation opportunities as well as provide additional working capital for a ramp up in activities and workforce planning
Post-quarter, FBR announced that it had ICC certification approval for use of Fastbrick Adhesive® in concrete masonry construction.
