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FBR (ASX:FBR, OTCQB:FBRKF) has completed the walls of the first home in its US Demonstration Program with CRH Ventures, marking the first build ever completed by the Hadrian X® outside Australia. The walls were certified as compliant with design and building codes. This milestone is part of a program involving Florida builders New Century USA and Christopher Alan Homes, with contracts for a total of seven homes.
Upon completing the walls of these homes plus up to three more, FBR will receive US$400,000 from CRH Ventures. This completion will trigger a 45-day period for CRH Ventures to exercise an option to form a joint venture for Wall as a Service® delivery in the United States.