• Hadrian® machines to pilot rapid-build methodology at scale under contracted WaaS® projects
• WaaS® Offtake Agreement for 5,400m2 vertical of wall construction on East Coast
• Strategic MOU with AMOVEO and ASD to deliver a hybrid robotic-modular construction solution in Australia

FBR Limited (ASX:FBR) has announced the execution of a binding Wall as a Service® (WaaS®) Offtake Agreement with Victorian-based modular building company EW Distribution Pty Ltd (trading as AMOVEO). Under the agreement, AMOVEO is committed to purchasing a minimum quantity of 5,400 vertical square metres of wall construction from FBR over a 24-month term, with a contract value of $400,000 to $450,000. This aligns with FBR's strategic milestone of securing a binding order for at least 20 homes for the Hadrian® in the local market in 2026. In addition, FBR has signed a non-binding strategic Memorandum of Understanding (MOU) with AMOVEO and registered national builder ASD Corporation Australia Pty Ltd (ASD) to jointly develop and deliver a hybrid robotic-modular construction solution across Australia. The partnership will integrate FBR's Hadrian robotic blocklaying technology with AMOVEO's factory-built modular prefabricated service cores, aiming to drastically reduce build times and address housing supply constraints. AMOVEO and ASD have identified multiple development sites along Australia's east coast and expect to secure contracts to deliver approximately 200 homes over the next 12 months. The joint offering is designed to address the affordable housing shortage, targeting large-scale build-to-rent, social housing, NDIS, and rent-to-buy programs.

Following the successful construction of an initial batch of demonstration homes, FBR, AMOVEO and ASD intend to enter into a 5-year Commercialisation Agreement to roll out the combined robotic and modular construction system nationally.