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FBR Limited (ASX:FBR)
In December 2018, FBR discontinued its (July2017) MOU with global construction and mining equipment giant Caterpillar Inc.(NYSE:CAT); the MOU looked to create a framework for collaboration regardingthe development, manufacture, sales and servicing of FBR’s robotic bricklayingtechnology, and how best to offer this technology to CAT’s constructioncustomers. We suggest that abandoning this commercialisation route - technologyroyalties from a tier-1 global heavy equipment manufacturer – in favour of aWall as a ServiceTM (WaaSTM) business model, has not, asyet, fully gained traction with the marketplace. At current price levels of 8c,FBR’s share price is 52% below its December high of 16.5c