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FBR Secures Binding WaaS® Offtake Agreement and Advances Hybrid Robotic-Modular Strategy

FBR Limited (ASX: FBR) has executed a binding Wall as a Service® (WaaS®) Offtake Agreement with modular building company AMOVEO, securing a minimum commitment for 5,400 square metres of vertical wall construction over a 24-month term. The agreement carries an estimated contract value of AU$400,000 to AU$450,000 for single-leaf walls, inclusive of materials.

The commitment aligns with FBR’s 2026 strategic objective to establish a domestic multi-unit pipeline using its Hadrian® robotic blocklaying technology. The contracted volume is broadly equivalent to at least 20 homes, supporting the company’s milestone of securing meaningful local deployment.

In parallel, FBR signed a non-binding Memorandum of Understanding with AMOVEO and national builder ASD Corporation to develop a hybrid construction model. The collaboration combines Hadrian®’s automated wall construction with factory-built modular service cores, aiming to materially shorten build times and improve delivery efficiency.

The partners have identified multiple East Coast development sites and anticipate securing contracts for approximately 200 homes over the next 12 months. The initiative targets affordable housing segments, including build-to-rent, social housing, and NDIS-supported accommodation, forming a strategic foundation for the planned commercial rollout of FBR’s integrated housing solution.

 

 

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