Robotic technology company FBR Limited (ASX: FBR) has reached an agreement with mining equipment giant Liebherr to use its facilities in Miami, Florida as a service and maintenance base for the next-generation Hadrian X robots initially deployed to the US.
FBR’s Hadrian X robots will be serviced and maintained by FBR at the Liebherr facilities, and the parties will engage in knowledge transfer of the Hadrian X mechanical and electrical systems and maintenance and service requirements with a view to accelerating the manufacturing ramp up upon execution of a long-term Manufacturing and Commercialisation Agreement.
Given the timing of the deployment of Hadrian X robots to the United States to complete the recently announced Demonstration Program with CRH Ventures, with a view to FBR and CRH subsequently forming a joint venture to deliver Wall as a Service in the US, the FBR and Liebherr have agreed to extend Phase One of the Memorandum of Understanding by 12 months to allow sufficient time to commence operations, validate achievement of key performance targets, and for the agreement of commercial terms for the manufacturing and commercialisation of the Hadrian X globally.
“With FBR’s recent announcement that it is embarking on a Demonstration Program in the United States with CRH with a view to forming a joint venture with a pathway to 300 Hadrian X units, we are pleased that Liebherr USA has agreed to support us with a base to accelerate the commercial rollout of the Hadrian X,” FBR Managing Director and CEO, Mike Pivac, said.
“Use of the Miami facility is of significant benefit to FBR and will allow us to demonstrate the capabilities of our technology to US builders in pursuit of a pipeline of work for the future Wall as a Service operating entity.
“Extending the term of Phase One of our Memorandum of Understanding will allow us the necessary time to get our robots on the ground in the United States, and give the Liebherr team who may be directly involved in the large-scale manufacture of the Hadrian X robots the opportunity to work directly with them and build their hands-on knowledge of the technology by working with us to service and maintain them at their facilities.”
