FBR (FBR) Investor update summary

Technology and positioning

• Dynamic Stabilisation Technology (DST) senses, estimates, plans and corrects motion up to 1,000 times per second, compensating for boom flex and vibration to enable precise work in uncontrolled environments.

• The platform supports Hadrian for bricklaying, Mantis for welding and Firehawk for refractory lining, targeting skilled-labour shortages in construction and heavy industry.

• In-house capabilities span design, simulation, fabrication, assembly, software integration, commissioning and field support, supported by a global supply chain.

Hadrian

• The 32-metre-reach robot can build walls up to four storeys high and lay up to 350 blocks per hour; it is designed to build a house’s walls in a day.

• Completed 10 residential builds in Florida and ~32 projects in Western Australia; completed structures are in use and the system has met applicable building codes.

• Hadrian Four is available for builds in Perth; Hadrian Three is back in Australia but will remain offline until Hadrian Four is deployed near capacity, due to workforce limits.

• Market analysis estimates 12.03m–15.52m annual housing starts across listed markets, assuming 200 homes per robot per year; this is not a sales, market-share or revenue forecast, and there are no committed third-party sales.

Mantis

• The 8-metre-reach welding robot is designed for large, heavy fabrication; installation and commissioning can take two days, with a typical operator learning it in about a day.

• First unit sold to the US for AUD 990,000; potential recurring revenue includes servicing, spare parts, software support and welding consumables.

• Go-to-market activity includes shipbuilder and heavy-industry engagement, a non-exclusive US distributor agreement with Industrial Robotics, and market assessment in Japan.

• Market analysis estimates 12,000–22,000 target facilities and 24,000–44,000 potential robots, assuming two robots per facility; this is a market estimate, not sales guidance.