Perth robotic technology company FBR Limited (ASX: FBR) has signed off on a big December quarter that was headlined by the completion of the Demonstration Program for CRH Ventures in the United States.
The completion of the Demonstration Program triggered a period of 45 calendar days, deemed to commence on 2 January 2025, for CRH Ventures to exercise its option to enter an exclusive joint venture with FBR for the supply of Wall as a Service® in the US.
December Quarter highlights:
- Completion of Demonstration Program for CRH in US, including achievement of major milestone, completing construction of external walls of a home in a single shift utilising Hadrian X® and three operators;
- Receipt of $6.3 million R&D tax incentive rebate from Australian Taxation Office; and
- Raising of $8 million (before costs) via fully underwritten Share Purchase Plan.