FBR (ASX:FBR) said CRH Ventures did not exercise its option to form a joint venture after the option period granted to the firm ended on Sunday, according to a Monday Australian bourse filing.
The firm is no longer subject to the exclusivity arrangements with CRH Ventures, the filing said.
It had completed a demonstration program, working with a set of builders in the US, for which it received non-refundable payments of $2 million from CRH Ventures.
FBR engaged with governments in Australia and some state governments in the US regarding its robotic construction technology, per the filing. It has also been advancing talks with third parties regarding financing options as an alternative arrangement to the joint venture.
FBR's shares were down almost 10% in recent Tuesday trade, hitting a 52-week low.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。