What we know from the AGM - Info from Storm_chasor

Hi all,

I figured I'd compile the information recorded by @Storm_chasor to make it easier for potential investors to find.

All of this information has been gathered by @Storm_chasor - if you'd like me to remove it, just let me know and I'll request that this thread is deleted.

What was learnt from the AGM – per @Storm_chasor – all credit goes to him.
It was a good meeting, and if you ever get the chance to speak directly to Mike, Marcus and Mark, you’ll learn much more than on HC.

Coding for HX:

•    First prototype is 109-001, second prototype is 109-002 – triple digits alludes to more potential prototypes eventually.

In relation to CAT and takeovers:

• Big companies can swallow smaller companies with ease.
• $35,000,000 raised assists in the prevention of a takeover by diversifying key stakeholders of FBR.
• The 499,000,000 performance shares will also assist with this later.

Levelling of Slabs:

• Mike said that a perfect slab is preferred regardless of whether it’s built with or without HX.
  •   Up to customer to choose to pay for a better slab or grind it down.

HX’s 2^nd Prototype:

•    Assembling both machines at the same time is common practice in the aeronautical industry to ensure successful delivery.
•   Two machines lets us trial in multiple regions.
•    Mark confirmed that both prototypes are mechanically identical; same parts will be used on each – it’s the idea of having a back-up that makes it safer than not having one.

OEM:

•   OEM means Original Equipment Manufacturing.
•   Plan is that HX OEM will be outsourced to CAT or another big party.
•   Many other big companies interested.
•   FBR’s focus is technology development, IP ownership, and charging OEMs licensing loyalty as revenue.

Inner workings – Black Box:

• There’s a blackbox (or ‘heart of Hadrian X’) around the size of a basketball that controls everything.
•   CAT don’t know the workings of HX yet because they haven’t seen the heart.
  • CAT have been trying to achieve DST (the stabilisation technique used by FBR) for years, which is why there’s so much interest; they’re not here purely for HX, but rather the tech used.

NASA (from @niclaire):

•   NASA have expressed interest in the tech.
•   Mike’s primary goal at this point though, is completion of HX.

Operation of HX:

•    Currently, it’ll take three people to operate HX:
  • 1 x Pilot Forklifter
  • 1 x Bricklayer on site
  • 1 x Driver/Operator
    
•    The driver will have design screens in the cabin and control over the HX’s actions.
•    Expected that in time, HX will be driverless, with the ability to load and build all by itself, with the need to only be operated by one person.

Risks:

•    Not much of a worry about technology risks or financial risks anymore.
•    People Risk: Mike, Mark, and Marcus have been incredibly influential when it comes to where FBR is at today. They’ve begun hiring more senior roles to alleviate some of the pressure.
  
  
•    Time Risk: it’s quite hard to judge how to invest into human capital; 1000 engineers working on HX at the same time isn’t cost effective.
  •    At the moment, the FBR team is running at “Max Power”. They want HX done with ASAP so they can continue to progress.

Completion:

•   All testing and designs are completed.
•   Parts have been locked in.
•   They’re at the ordering and receiving parts stage.
  

Again, all information sourced by @Storm_chasor, so we all owe this to him.

If you'd like this deleted, just say so