FBR Price sensitive 21 Feb 2025, 10:01 AM

FBR Completes Home for PulteGroup in the U.S.

FBR Ltd

FBR Completes Home for PulteGroup in the U.S.

Key points

  • FBR has completed construction of a demonstration home for DiVosta homes, a subsidiary of U.S. builder PulteGroup
  • The home was built utilizing the Hadrian X® robotic technology
  • This achievement shows PulteGroup's commitment to leveraging innovation to drive greater efficiency in homebuilding

Full summary

FBR Limited (ASX:FBR), a robotic technology company, has completed construction of a demonstration home for DiVosta homes, a subsidiary of U.S. builder PulteGroup, in Fort Myers, Florida. The home, part of the 'Mystique' series, is a single-storey structure built utilizing FBR's Hadrian X® technology. This achievement showcases FBR's capability to work with a tier 1 builder in the U.S. market, a key target for the company. FBR's Managing Director and CEO, Mike Pivac, commented that similar pain points around high demand for new homes and labor scarcity are being experienced by builders in the U.S. as they are in Australia. PulteGroup's EVP and COO, Matt Koart, stated that this project demonstrates PulteGroup's commitment to leveraging innovation to drive greater efficiency in homebuilding, addressing challenges around labor availability and the need for more efficient and sustainable construction. The Hadrian X® technology allows for faster, safer, more accurate, and less wasteful construction compared to traditional manual methods, providing PulteGroup with an opportunity to integrate advanced solutions that can improve construction quality and safety while creating exceptional homes for their customers.

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