First Home in Demonstration Program Complete
FBR (ASX:FBR, OTCQB:FBRKF) has completed the walls of the first home in its US Demonstration Program with CRH Ventures, marking the first build ever completed by the Hadrian X® outside Australia. The walls were certified as compliant with design and building codes. This milestone is part of a program involving Florida builders New Century USA and Christopher Alan Homes, with contracts for a total of seven homes.
Upon completing the walls of these homes plus up to three more, FBR will receive US$400,000 from CRH Ventures. This completion will trigger a 45-day period for CRH Ventures to exercise an option to form a joint venture for Wall as a Service® delivery in the United States.
FBR (ASX:FBR, OTCQB:FBRKF) ha completato le pareti della prima casa nel suo Programma di Dimostrazione negli Stati Uniti con CRH Ventures, segnando la prima costruzione mai realizzata dal Hadrian X® al di fuori dell'Australia. Le pareti sono state certificate come conformi ai codici di design e costruzione. Questo traguardo fa parte di un programma che coinvolge i costruttori della Florida New Century USA e Christopher Alan Homes, con contratti per un totale di sette case.
Una volta completate le pareti di queste case più altre fino a tre, FBR riceverà 400.000 USD da CRH Ventures. Completamento attiverà un periodo di 45 giorni per CRH Ventures per esercitare un'opzione per costituire una joint venture per la consegna del Wall as a Service® negli Stati Uniti.
FBR (ASX:FBR, OTCQB:FBRKF) ha completado las paredes de la primera casa en su Programa de Demostración en EE. UU. con CRH Ventures, marcando la primera construcción que se completa con el Hadrian X® fuera de Australia. Las paredes fueron certificadas como conformes a los códigos de diseño y construcción. Este hito forma parte de un programa que involucra a los constructores de Florida New Century USA y Christopher Alan Homes, con contratos para un total de siete casas.
Al completar las paredes de estas casas más hasta tres adicionales, FBR recibirá 400.000 USD de CRH Ventures. Esta finalización activará un período de 45 días para que CRH Ventures ejerza una opción para formar una empresa conjunta para la entrega de Wall as a Service® en los Estados Unidos.
FBR (ASX:FBR, OTCQB:FBRKF)는 CRH Ventures와 함께 미국 시연 프로그램의 첫 번째 주택 벽체를 완공하였으며, 이는 Hadrian X®가 호주 밖에서 최초로 완공한 건물입니다. 벽체는 설계 및 건축 규정에 적합하다고 인증되었습니다. 이 이정표는 플로리다 건설업체인 New Century USA 및 Christopher Alan Homes와 연계된 프로그램의 일환으로, 총 7채의 주택에 대한 계약이 포함되어 있습니다.
이 주택의 벽체를 완공하고 추가로 최대 3채를 더 완공하면, FBR은 CRH Ventures로부터 400,000 USD를 수령하게 됩니다. 이 완료는 CRH Ventures가 미국에서 Wall as a Service® 제공을 위한 합작 투자 옵션을 행사할 수 있는 45일 기간을 시작하게 됩니다.
FBR (ASX:FBR, OTCQB:FBRKF) a terminé les murs de la première maison dans son Programme de démonstration aux États-Unis avec CRH Ventures, marquant la première construction achevée par le Hadrian X® en dehors de l'Australie. Les murs ont été certifiés conformes aux codes de conception et de construction. Ce jalon fait partie d'un programme impliquant des constructeurs de Floride New Century USA et Christopher Alan Homes, avec des contrats pour un total de sept maisons.
Une fois les murs de ces maisons ainsi que jusqu'à trois autres terminés, FBR recevra 400 000 USD de CRH Ventures. Ce achèvement déclenchera une période de 45 jours pour que CRH Ventures puisse exercer une option de former une coentreprise pour la livraison de Wall as a Service® aux États-Unis.
FBR (ASX:FBR, OTCQB:FBRKF) hat die Wände des ersten Hauses in seinem US-Demonstrationsprogramm mit CRH Ventures fertiggestellt, was den ersten jemals außerhalb Australiens abgeschlossenen Bau mit dem Hadrian X® markiert. Die Wände wurden als konform mit den Design- und Bauvorschriften zertifiziert. Dieser Meilenstein ist Teil eines Programms mit den Bauunternehmern aus Florida New Century USA und Christopher Alan Homes, mit Verträgen für insgesamt sieben Häuser.
Nach Abschluss der Wände dieser Häuser sowie bis zu drei weiterer, erhält FBR 400.000 USD von CRH Ventures. Dieser Abschluss löst einen Zeitraum von 45 Tagen aus, in dem CRH Ventures die Option ausüben kann, ein Joint Venture zur Lieferung von Wall as a Service® in den Vereinigten Staaten zu bilden.
- First international build completed by Hadrian X® in the US market
- Walls certified as compliant with design and building codes
- Contracts executed for seven homes with Florida builders
- Potential US$400,000 payment upon completion of the Demonstration Program
- Opportunity for joint venture with CRH Ventures for US market expansion
- None.
Highlights
Hadrian X® completes first home in US Demonstration Program with CRH Ventures
This first home represents the first home ever built using Hadrian X® outside of Australia
Contracts executed for a total of seven homes with Florida builders, New Century USA and Christopher Alan Homes
PERTH, AUSTRALIA / ACCESSWIRE / September 10, 2024 / Robotic technology company FBR Limited (ASX:FBR)(OTCQB:FBRKF) ('FBR' or 'the Company') is pleased to advise that it has completed the walls of the first home in its US Demonstration Program with CRH Ventures, with the walls certified as compliant with the design and building code. This marks a significant milestone in the commercialisation of FBR's technology, being the first build ever completed by the Hadrian X® in an international market.
The build was completed with Florida builder New Century USA, one of the participating builders in the US Demonstration Program which will include builders across a spectrum of size, volume and style of homes to demonstrate the versatility and adaptability of the Hadrian X®. FBR will build the walls of four more homes for New Century USA in the Demonstration Program.
Two of the homes in the Demonstration Program will be built for Christopher Alan Homes, another Florida-based builder. Christopher Alan Homes topped a regional list compiled by LSI Companies Inc. as the largest local and private homebuilder in Southwest Florida based on single-family residential permits in 2023, demonstrating its continued growth and reinforcing its standing as a leading homebuilder in the region.
FBR Managing Director and Chief Executive Officer, Mike Pivac commented:
"We're very proud to have completed our first residential structure in an international market. Having the opportunity to present our world-leading technology to one of the largest addressable markets in the world has been very exciting so far and we are looking forward to continuing to grow our operations in the United States."
The Demonstration Program will be deemed complete when FBR completes construction of the walls of the seven homes for New Century USA and Christopher Alan Homes, plus up to three more homes added to the program by another builder to be nominated by CRH Ventures, with the walls of all structures to be certified by an independent structural engineer. Upon completion of the Demonstration Program, FBR will receive a payment of US
The completion of the Demonstration Program will mark the commencement of a 45-day period for CRH Ventures to exercise the option to form a joint venture for the delivery of Wall as a Service® in the United States. For further details refer to FBR's ASX announcement dated 18 January 2024.
This announcement has been authorised for release to the ASX by the FBR Board of Directors.
Ends
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About FBR Limited
FBR Limited (ASX: FBR; OTCQB: FBRKF) designs, develops and builds dynamically stabilised robots to address global needs in a safer, more efficient and more sustainable way. These robots are designed to work outdoors using the company's core Dynamic Stabilisation Technology® (DST®).
The first application of DST® is the Hadrian X®, a bricklaying robot that builds structural walls faster, safer, more accurately and with less wastage than traditional manual methods. The Hadrian X® provides Wall as a Service®, FBR's unique commercial offering, to builders on demand.
To learn more please visit www.fbr.com.au
About CRH Ventures
CRH Ventures is the venture capital unit of CRH, the global leader in building materials solutions. With access to a
To learn more please visit www.crhventures.com
About New Century USA
New Century USA is part of the New Century Companies group, which has operations in the United States, Dominican Republic, Nicaragua, Panama and Guyana spanning real estate development, construction technology including the patented Blokon system, renewable energy, environmental protection and agriculture.
To learn more please visit www.newcenturyusa.com
About Christopher Alan Homes
Since its inception in 2017, Christopher Alan Homes has constructed more than 2,300 homes. In 2023 Christopher Alan Homes expanded from Southwest Florida, opening a new Palm Bay division on Florida's East Central Space Coast, and recorded over US
To learn more please visit www.christopheralanhomes.com
SOURCE: FBR Ltd.
View the original press release on accesswire.com
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