5 October 2021

FBR signs multi-home Wall as a Service™ contract

FBR 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.

"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."

Mike Pivac, FBR's Managing Director & Chief Executive Officer

FBR will also complete the walls of the second of five house structures in Wellard shortly.

You can read the ASX announcement here.

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