Robotic technology company FBR Limited (ASX: FBR) has received confirmation from CRH Ventures that the first next-generation Hadrian X® has successfully met CRH’s requirements and completed site acceptance testing at the Fort Myers facility in Florida, United States.
An independent structural engineer provided confirmation that the walls of the test build were consistent with the design and met applicable building standards.
Completion of site acceptance testing triggered a US$600,000 payment by CRH to FBR and the commencement of the demonstration program.
The demonstration program requires FBR to construct the external walls of five to 10 single-storey houses utilising the next-generation Hadrian X®. The demonstration program will commence shortly. The demonstration program will be deemed complete when FBR completes construction of its five houses plus up to five houses added to the program by CRH, with all houses to be certified by an independent structural engineer.
Upon completion of the demonstration program, FBR will receive a payment of US$400,000 from CRH under the demonstration program agreement.
The completion of the demonstration program also marks the commencement of a 45-day period for CRH to exercise the option to form a joint venture for the delivery of FBR’s Wall as a Service® in the US.
