Robotic technology company FBR Limited (ASX: FBR; OTCQB: FBRKF) has successfully completed the 9th home of its 10-home Demonstration Program for CRH Ventures in Florida, United States.
Key Highlights
- Location: The ninth home is located in Babcock Ranch, Fort Myers, and was built in collaboration with New Century USA.
- Contractual Responsibility: FBR’s subsidiary, Fastbrick Engineering Americas, was responsible for contracting five of the ten homes in the Demonstration Program, with CRH Ventures’ affiliate handling the remaining five, subject to timing.
- Milestone: This completion marks the last home in the program that FBR was responsible for contracting.
CEO Comments
FBR’s Managing Director and CEO, Mike Pivac, expressed pride in the achievement, noting that the completion of the penultimate home and the final home under FBR’s responsibility is a significant milestone in their entry into the U.S. market. He highlighted the increased pace of recent builds, which underscores the competitive advantage of FBR’s robotic technology. Pivac also thanked the New Century USA team for their collaboration, emphasizing the company’s commitment to completing the final home and continuing their partnership with CRH Ventures.
FBR will provide additional updates as it progresses towards the completion of the final home in the Demonstration Program.
