FBR secures robotic construction offtake agreement

Robotic technology company FBR (ASX:FBR) has achieved a commercial milestone, announcing a binding Wall as a Service offtake agreement with Victorian modular building firm AMOVEO.

Under the terms of the deal, AMOVEO has committed to a minimum of 5,400sqm of wall construction over a 24-month period, a contract valued between $400,000 and $450,000.

The volume aligns with FBR’s 2026 strategic goal of securing a pipeline for at least 20 homes, positioning the company as a low-cost domestic disruptor in the Australian construction sector.

Beyond the immediate contract, FBR has entered into a strategic memorandum of understanding with AMOVEO and ASD Corporation Australia to develop a hybrid robotic-modular housing product.

The innovative system integrates the Hadrian robot’s high-speed blocklaying with AMOVEO’s factory-built service cores—prefabricated units containing kitchens, bathrooms, and HVAC systems—to drastically reduce build times.

The partnership aims to address Australia’s chronic housing shortage, specifically targeting social housing, NDIS, and build-to-rent programs.

FBR CEO Mark Pivac noted the importance of the agreement, stating, "This offtake agreement and MOU represent a major leap forward for our Hadrian Homes and domestic disruptor strategy. This delivers on our strategy to secure a binding, multi-unit domestic pipeline in 2026."

At the time of reporting, FBR's share price was $0.0050.