FBR (ASX:FBR, OTCQB:FBRKF) is a robotic technology company that builds dynamically stabilised construction robots and has just signed a non-binding Memorandum of Understanding with Darwin-based builder Habitat NT for the sale of Hadrian X units. The deal, valued at A$7.8 million, marks FBR’s entry into the Northern Territory market, where a critical shortage of housing and trades is driving demand for innovation in construction. FBR Co-Founder, CEO, and primary inventor of FBR’s technology Mark Pivac joins Lel Smits from The Stock Network.
1. $7.8M Northern Territory machine deal
You’ve just announced a proposed $7.8 million deal with Habitat NT in Darwin, can you break down the key terms and why this represents a major opportunity for FBR?
2. Addressing the housing and defence build boom
Habitat mentioned a surge in housing demand, first home buyer grants, and major Defence infrastructure projects in the NT. How does the Hadrian X help meet this demand and overcome current trade shortages?
3. A potential long-term rollout of Hadrian X
This agreement starts with one unit, but the MOU mentions a substantial pipeline. How will this help the broader rollout of Hadrian X across northern Australia?
4. FBR will be paid US$150,000 and develop commercialisation business models
FBR also this week struck a deal with Samsung Heavy Industries (SHI) for robotic shipbuilding and will be paid US$150,000 and develop commercialisation business models with Samsung Heavy Industries, you’ve also referenced potential subsequent phases. What are the highlights of this deal and how could these look like?
_ _ _
Subscribe to TSN’s YouTube channel for the latest stock content: https://www.youtube.com/channel/UCEEVNCMFSRxFa0Bb2wKLS0g?sub_confirmation=1
_ _ _
Follow TSN for the latest stock news and interviews:
Twitter: https://twitter.com/thestocknet
Instagram: https://www.instagram.com/thestocknetwork/
LinkedIn: https://www.linkedin.com/company/the-stock-network/
TikTok: https://www.tiktok.com/@thestocknet?lang=en
Facebook: https://www.facebook.com/TheStockNet/
_ _ _
Connect with our host Lel Smits online – @LelSmits
– Twitter / X: https://twitter.com/lelsmits
– Instagram: https://www.instagram.com/lelsmits/
– LinkedIn: https://www.linkedin.com/in/leldesmits/
– TikTok: https://www.tiktok.com/@lelsmits?lang=en
– Facebook: https://m.facebook.com/lelsmits/
– Threads: https://www.threads.net/@lelsmits
_ _ _
Disclaimer
The material contained in this post is general in nature only and does not constitute personal financial or legal advice. None of our material should be regarded as advice and you should not rely on any of the content of this post without first obtaining specific professional advice. We give no warranty to the accuracy, reliability or completeness of information that is contained in this post and exclude liability for any loss.
This post may contain views and opinions which are those of the authors and do not necessarily reflect the official policy or position of any other author, agency, organisation, employer or company. We are not liable for any comment published by users and reserve the right to delete any comment for any reason whatsoever. We have commercial relationships with some of our contributors, and we may receive payment or other benefits from this post. Please see The Stock Network website for our full content disclaimer.
_ _ _
Visit TSN’s website to sign up for regular stock updates: http://www.thestocknetwork.com.au
_ _ _