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 2nd 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:
NASA (from @niclaire):
- 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 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:
Again, all information sourced by @Storm_chasor, so we all owe this to him.
- All testing and designs are completed.
- Parts have been locked in.
- They’re at the ordering and receiving parts stage.
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