Here’s a concise summary of the key points from FBR Limited's...

Here’s a concise summary of the key points from FBR Limited's ASX Announcement 18 January 2024regarding their partnership with CRH Ventures Americas, Inc.:Key Findings and Developments:Binding Agreements: FBR Limited signed a suite of binding agreements with CRH Ventures Americas, Inc., a subsidiary of CRH, for a United States Demonstration Program using FBR's Hadrian X® robotic technology. This marks the start of a major collaboration in the U.S. construction sector.Demonstration Program: The program will test the Hadrian X® by constructing up to 10 houses in Florida. FBR will provide one Hadrian X® unit for this purpose. The success of the program could lead to a joint venture for supplying "Wall as a Service®" in the U.S.Joint Venture Option: CRH Ventures has an exclusive option to trigger a joint venture after the demonstration program. This option includes a US$40 million loan facility for purchasing Hadrian X® units, with binding purchase orders for up to 100 robots over time.Purchase Orders & Expansion: The joint venture will issue conditional purchase orders for 20 Hadrian X® units initially, followed by additional orders for 39 and 40 units, contingent on meeting performance metrics like utilization rates and gross margins.Exclusivity & Concrete Supply: CRH subsidiaries will supply concrete blocks exclusively to the joint venture for a minimum of 7 years, with pricing based on market rates or a "Cost Plus" model.Funding & Loan Terms: The loan will be repaid over 12 years, with quarterly payments and a 100% cash sweep of excess cash flow. The joint venture's success depends on meeting utilization and margin thresholds for the Hadrian X® units.Strategic Impact: The deal gives FBR a strong foothold in the U.S. market with the support of CRH, a leader in the building materials industry. It positions FBR's robotic technology as part of CRH’s efforts to drive more sustainable and efficient construction practices.Conclusion:This agreement represents a significant step forward for FBR in its commercialisation strategy, particularly for expanding into the U.S. market. The partnership with CRH Ventures provides both financial backing and operational support for scaling up the use of robotic technology in construction.These are facts and not financial Advice. FBR has met every milestone in less than 12Months!!Maybe January 18 2025 would be a significant milestone Date unfortunately it is a Saturday