Ann: CEO Letter to Shareholders, page-127

Am all for it, i stated very early on that i didn't understand why they wanted to sell HX robots instead of just leasing them to developers/builders because they don't buy their machinery, practically everything you see on large construction sites is all dry hire. Nobody wants depreciating assets, maintenance costs and the risk of machinery failure when you can just hire it out for each project. Glad they're moving away from just a machinery sales model.

The WaaS is absolutely the way to go IMO. A lot of European building methods, the HX will slot straight into, Wienerberger will be all over it.

Archistruct builds will really cement the HX as a viable service for the WaaS, if it all goes well we'll be cooking with gas from there on out i reckon. Give them their 6 months to fine tune it.

As for KSA, did anyone really think they were going to build 50,000 homes in just a few years? I think the wording in the KSA announcement could be read a few different ways, i read it as they will use the HX to help build a target minimum of 50K homes, not the HX itself actually building all of them. I could be wrong though. But would anyone really be surprised if the KAS MOU lapses, i'm sure some on here will lose their mind over it though.