02
December
2024
As previously announced, under the terms of the Demonstration Program agreement, FBR subsidiary Fastbrick Engineering Americas was responsible for entering into contracts for five of the 10 homes in the Demonstration Program, while an affiliate of CRH Ventures is responsible for entering into contracts for up to five homes, subject to timing requirements.
Ninth Home in U.S. Demo Program Completed
FBR has completed the ninth home in our ten house Demonstration Program for CRH Ventures in Florida, United States.
This home is the last of five homes in the Demonstration Program that FBR was responsible for contracting.
CEO Mike Pivac said: "Receiving engineering sign-off for the penultimate home...is an important milestone in our U.S. market entry. Particularly pleasing has been the increased cadence with which the most recent builds have been completed, further highlighting the competitive advantage our technology provides us. It has been a pleasure working with the New Century USA team...and we look forward to working together in the future."
Read the full ASX announcement in our Investor Centre here.