Ann: FBR Financial Statements and Directors Report June 2023, page-2

New Applications for FBR’s core technology

Subject to successfully executing key components of the Company’s Hadrian X® program, FBRintends to seed new Research & Development projects to utilise the Company’s core DST®. FBR haspreviously completed preliminary testing on the viability of its existing platform in the delivery of concrete printing applications and has held discussions with various parties about DST® licensingopportunities for 3D concrete printing and other applications. In the immediate term, FBR remainsfocussed on delivering on the Hadrian X® program, however at an appropriate time the Companywill increase its allocation of resources to progress some of the new applications andcommercialisation opportunities for DST®