Just a few seconds for a few more people to come online, then I'll start sharing my screen. Okay, I'm just going to start sharing my screen, and we'll get into a presentation. Then I'll come back and we'll do a question and answer session following that. We currently have about 25 people online. I think we had at least 80 registrations, so we'll just let people join as they turn up and get into the webinar. Okay, FBR is a diversified robotics company. Our core technology is Dynamic Stabilisation, which enables really big robots to function over very big areas and do really accurate work, be that either in a factory or out on site. You can see here our three flagship products, which from left to right is Mantis, Firehawk, and Hadrian.
You can see they share a similar architecture, and what is really important is that inside them, they're all powered by DST or Dynamic Stabilisation. The core problem that FBR solves is that really big robotics has been either very difficult or very expensive. This is important because the world's running out of skilled workers. Really big jobs need big automation, which has traditionally been very expensive to achieve. As a result, automation has typically stopped at the factory door. A really economical way to achieve large-scale automation is with long booms. But the issue is that they wobble, and the work must still be precise. FBR's answer is Dynamic Stabilisation Technology or DST, which measures and corrects the boom movement in real time so large robots can work accurately outdoors.
What this does is it brings robotic automation out of the factory and onto the work site or onto much bigger jobs inside the factory. If we look at these things in a little more detail, the world is running out of skilled workers. It's really hard to attract bricklayers, welders, tradespeople who are doing dull, dirty, dangerous work, particularly when it requires skill and training to achieve those jobs. Labor shortages are delaying a lot of projects and driving up costs worldwide. We're in the middle of a housing crisis here in Australia. That housing crisis is global. We're seeing riots about the cost of living in Europe. There's a lot of industry issues which aren't at the forefront of everyday living in the same way that the housing crisis is. These are things like the crisis that the shortage of welders.
The demand for housing, ships, and infrastructure keeps growing, and the supply of humans who are willing to do those jobs is challenging. People want to work in more technological environments, and with more technological jobs. Big automation is a great way for people to have probably the best of both worlds. They can see the creative aspect and the power of creation that you get from doing a trade like bricklaying or welding. But you get away from that dull, dirty, dangerous aspect and let the automation do that and shift your mindset into more of a technological interaction with a HMI or a screen. Big jobs need big automation. Homes, ships, mining equipment, steel ladles, all these things are big structures, often meters or tens of meters across.
Conventional robots are built for small parts in fixed cells, for making smaller things like automotive components, or in really high production rate environments like the automotive industry, where you might have six robots clustered around a car all doing specific jobs as it moves down a production line. Automating large-scale work has been difficult in the past and needs large-scale robots. These issues have meant that automation stops at the factory door. Factory robots depend on rigidity, control, and unchanging environments. Even changing the lighting in factories can cause issues with robots. Real work sites are uneven. Outside, they are exposed to the wind or rain. They are constantly changing. Most construction and heavy industry is still done by hand.
A great way to get over a lot of the issues on a construction site or in a shipyard is to have a long boom, which can just reach over all of the confusion that is generally there. But long booms wobble, and the work still needs to be precise. DST provides a way for us to lay blocks and do welding with millimeter accuracy. It really is a breakthrough technology. FBR itself is a global leader in robotics. We are an ASX-listed Perth-based company with large-scale robotic technology and proven products, and I will show you where we are at with those. Our breakthrough innovation is DST, which enables precise control of large robotic systems, even in uncontrolled environments. FBR itself is an industrial problem solver. We are focused on applying robotics and automation to address issues facing the industry.
At the same time, we are maintaining a strong sales focus and actually building up that sales focus as we launch these products into the market. We have sought-after expertise. Industry giants in a number of industries have reached out to FBR to have some of their most challenging automation and robotics issues solved. FBR internally, we are a full-stack robotics development company. We are not just a system integrator. The robots we build, you cannot buy off the shelf. We have to build a lot of stuff. We do have a very well-established global supply chain for not only hardware, but also software components and electronics. We basically fill in the gaps. Then as production ramps up, we will either scale up ourselves or engage contractors to fill in those particular gaps. In-house, we do our machine design and simulation. We do the fabrication work that is needed.
We assemble the robots. We do wiring and electronics. We subcontract out what we can, but we do the final wiring and completion here. We have a team which does the software integration and commissioning. We have become really expert at remote and on-site operations and support. For our machines, wherever they are located in the world, as long as there is an internet connection, be it either hardwired, through 5G or Starlink, we can connect to those machines and see exactly what the operators see and go even more depth for diagnostics and support. Our core technology is DST. What that does is it senses the environment, it estimates what is happening, it compares what is happening to what we want to happen. It plans the movements, and then it does the moving itself. It does all of this very fast, up to 1,000 times a second.
Now, the specific sensors vary by application. For example, when we are building houses, we use laser trackers because we need accuracy over the entire home site. With our welding, with Mantis, we use a different kind of laser sensor, which is really just sensing the workpiece, because the absolute accuracy does not matter to the same degree as it does with houses, but the positional accuracy relative to the weld seam is very important. So we use a sensor that is appropriate for that. Here are two examples of DST being applied in the real world. On the left, we have Mantis, and on the right we have Hadrian. You can see they are kind of similar in the way the booms are quite long, slender, and reach out over the work site.
Mantis itself has a reach of just 8 meters, but where Hadrian, the building site could be much larger, so it has a 32 meter reach. That enables Hadrian to park on the side of the road and reach out over a typical suburban building block, to build a 3 by 2 or 4 by 2 home. And it can even reach up and build up to four stories high. Mantis is a long-reach welding robot with an 8 meter reach. Theoretically, we could build much longer booms, but 8 meters is a good starting size. It enables us to do a lot of different applications on ships, bridges, mining equipment. And all of these are tasks which are too large for conventional welding robots, which may have a reach of 1 or 2 meters.
There are bigger automation systems which rely on really big, expensive overhead gantries or track systems combined with industrial robots. But Mantis really has a cost and efficiency, and workflow advantage compared to a lot of the other alternatives. And we see that Mantis will help relieve the global shortage of skilled welders that is constraining shipbuilding, defense, and heavy industry. Hadrian can build the walls of a house in a day with a small crew.
As I said, it can reach out, park near the road or at the front of the building, and build all of the walls of a house in about a day or so. So it will help to relieve the shortage of bricklayers that is holding the housing industry back, and help supply some of the demand that the world urgently needs. Here is our Hadrian robot in a little more detail. It is a bricklaying robot.
It is powered by DST. It provides precision bricklaying outside in the wind on a building site, which can have all the complication that normal building sites have. It is operated by a tablet. We can lay a huge variety of bricks, ranging from standard house bricks all the way up to large blocks, which are 600 by 400 by 300 millimeters and up to 45 kg in weight. And we can lay up to 350 blocks per hour, which enables us to build the walls of a house in a day or so. It is a key enabler for robotically constructed homes. There are a lot of other smaller robots which have been developed by other companies, to do other tasks in the robotic housing in the housing sector.
We see that combining Hadrian with a number of those other robots could really be a game changer for the productivity of the housing industry, which really hasn't changed much, and in many ways has gone backwards over the years. The potential market size for these products is huge. It's really difficult to describe this without looking at the numbers. If we look at the number of housing starts across a number of different regions across the world, we see that there's a total of about 16- 20 odd million homes which start. If we work with Hadrian, a lot of these markets have a high masonry share. Some have a lower masonry share.
If we assume that Hadrian can build a house in approximately a day, allowing for its various productivity and weather and deployment and so on, we can see that there's an addressable market of somewhere between 12 and 15 million home starts per year. Which, if you work that out, comes down to needing about 68,000 Hadrian robots. I'll let you do your own maths on this, but it's a multi-million AUD piece of equipment. Multiplying millions by thousands gives you billions. So you can see that the market size is potentially in the hundreds of millions. Of course, this is not guidance, it's not a sales projection. But it does show that the total addressable market for robotic building is absolutely huge. Here we are sitting as a small Australian ASX listed company with a massive blue sky potential ahead of us.
Hadrian, when it was launched to the market, opened up the possibility for a lot of other DST applications. When we developed our latest version of Hadrian, we had in mind a lot of other applications, and it's relatively easy for us to adapt Hadrian to those applications because of the new architecture which is in the new Hadrians. We can change the kind of product that Hadrian handles with quite simple changes inside Hadrian, rather than having to adapt an entire, or create an entire new machine from scratch. This opens up the possibility for roof tiling, cladding installation, solar panel installation, and potentially the addition of humanoid robots at the end of Hadrian for intricate tasks, and other really big jobs like surface treatment for ships and buildings and so on. These are all potential future applications, and we're not currently developing any of those.
But it does show that Hadrian and DST is a platform with a lot of different applications and a lot of blue sky potential. Hadrian itself has completed a lot of projects. We've proven out the technology of it. We've proven the fundamental commercial viability of it. But we have to change a construction industry, and we're making inroads into that. But the industry is slow to change. But we're confident that we're in a position where that will start to happen. In the U.S., we completed 10 residential builds in Florida, and we completed a house in one shift with a crew of just three people. In Western Australia, we've built a number of different projects, about 32 in all, with a 16 townhouse development, an eight townhouse development, six single story freestanding homes, a large commercial center, and a large childcare center.
All of these structures are in use now. It is really pleasing to see that Hadrian and our Wall as a Service and the Hadrian wall system has met all of the applicable building codes and is really a commercially viable system. Let's jump across to Mantis now. As I mentioned before, it is a DST-powered welding robot with really long reach. It can reach out up to 8 meters. We chose that size because of a market survey we did. That came about because we were looking for ways to automate the production of Hadrian machines themselves. We wanted robots to weld robots. There was not really anything available off the shelf which was suitable for what we wanted to do.
Asking around and knowing various fabrication contacts here in Australia and around the world, we saw that there really is a gap in the market for such a machine. That is how the development of Hadrian came about. From the get-go, what we noticed was that heavy fabricators who work with heavy steel plate that needs a lot of welding in much smaller quantities in terms of number of products, compared to the automotive industry. They wanted something which is really easy to program and something which from the ground up is designed to do really large, heavy, high productivity, high deposition rate welds. That requires something which is a little different to what conventional welding robots are. That is what Mantis was designed to do. It is Australian-made with support local to each customer's region. It can be installed and commissioned in two days.
We have already sold our first unit to the U.S. Our business model is upfront sales revenue, but there is also recurring revenue in annual servicing, spare parts, software support, and potentially welding consumables. This too has a very large addressable market. If we look at the facilities around the world, we have estimated that there is around 300 major commercial shipyards, 5,000-10,000 heavy structural steel fabricators. There is around 400-800 mining equipment manufacturers who build things like buckets and bodies and earth moving equipment. 5,000-8,000 pressure vessel manufacturers. Around 1,500-3,000 bridge and infrastructure fabricators. That gives us a total of target facilities of somewhere between 12,000 and 22,000. Some of these facilities are huge, employing tens of thousands of people, typically in shipyards. Some are much smaller.
There is a reasonable assumption that we could say that there is room for an average of about two Mantis robots in each facility. That means we could be looking at a market of 24,000-44,000 robots. Once again, thousands multiplied by millions gives you billions. We have not included the sale price of Mantis on our presentation here because of some sensitivity in various markets where we are working with distributors. They have asked us to keep that out of the formal presentation. What I can say is our first Mantis robot was sold for AUD 990,000 , so the best part of AUD 1 million. That makes the numbers and the sums pretty easy for you to do. Our Mantis is out there in the market.
We have just started our sales strategy, and I am really pleased to say that this morning we were able to announce that we had a team down from Samsung Heavy Industries, one of the largest shipbuilders in the world. They visited us on Friday. They flew down a team of four. They only came down here specifically for this. They flew in that morning and flew out that night. We are really pleased to be working with SHI. They are a massive shipyard which builds a huge number of ships, and they are key for the global trade industry, particularly in LNG and container ships. That is one of the reasons we are targeting major Korean shipyards. We are also engaged with major local shipbuilders and heavy industrial market sectors. We have already appointed a non-exclusive U.S. distributor with Industrial Robotics.
We have an industrial distributor assessing the market in Japan for both Mantis and Firehawk, which I will get to. Importantly, we have started commencing our demonstration to a lot of prospects and leads which we have. Our aim, of course, is to turn those into sales. We are not providing any guidance on the number of sales, but of course, as we make those, we will keep the market informed. Here is a few pictures of Mantis in action. I would encourage all of our viewers to have a look at our website. We have a lot of video online. There are two significant photos here. The one on the left shows Mantis completing some vertical up or 3F welds. Anybody who is familiar with welding would know that welding on vertical workpieces is challenging, and Mantis does a beautiful job of that.
On the right, we can see Mantis reaching up to a simulated high workpiece, doing some actual welds up there, quite a few meters above the ground. That simulates the kind of work which Mantis could be doing in shipyards and so on. Next, we come to our Firehawk robot, which is a refractory lining robot. This came about because when we initially launched Hadrian, we were contacted by a number of different steel mills who asked if Hadrian would be suitable for laying bricks in the steel mills. Unfortunately, Hadrian itself is not suited to that kind of work. Now that the development work for Hadrian is largely complete and we are just in a phase of continuous improvement and meeting certain market requirements in different markets, we were able to put some time into Firehawk and develop a specialized robot for refractory lining.
This is important because in the steel-making industry, the molten steel is poured into large ladles, which could hold anywhere from 10 tons- 350 tons of molten steel. That molten steel is very damaging to the refractory bricks which line the steel ladle. You can appreciate that steel is at a very high temperature. On top of the steel, there is a layer of what is called slag, which is basically a molten material which gets impurities out of the steel and protects the steel from the oxygen. That slag interacts with the refractory lining bricks. What that means is these refractory bricks only last for a short period of time in service, typically just a day or two or a few days, depending on the different mills and how they are set up.
What this means is every steel mill in the world has a team of bricklayers who are just continuously laying bricks. This is a problem because it's a dull, dirty, dangerous job, and most mills around the world have a real problem getting this job done and keeping the skilled workers in that activity. Firehawk aims to complete relines in as little as a day, fit in with the existing infrastructure in the steel mills. We're targeting upfront sales revenue plus recurring revenue from ongoing support. We've launched this as a concept. We've had quite a lot of inbound interest, and we're working towards a partnering opportunity to take that from concept through to the prototype and pilot project phases. Just looking at the size of the market there. In round terms, we'll try and keep it quick.
There's about 900- 1,000 steel mills around the world, which could be potential target markets for Firehawk. We think there's a total market of about 1,300 Firehawk robots needed. Sale price for these, once again, not really disclosed, but it would be a multimillion-dollar robot. We're working through with our industry partners finalizing that, working through the exact capabilities that they need, and which ones they don't need. But you'd be looking at a typical price somewhere between $3 million and $6 million per unit. Once again, thousands multiplied by millions, you've got potential markets of billions here for Firehawk. An important thing which is happening in the world is physical AI. AI itself has made software pretty abundant. We've seen that with the launch of the latest AI models, they're able to generate amazing code to do all sorts of things in software.
But that still hasn't transformed through to the physical world. Machines that work precisely in the real world remain scarce. There's a lot of interest and a lot of development of humanoid robots, and they're great for many jobs which humans can do. But there's a lot of jobs which humans do because they have to, which aren't really suited to humans. Things like bricklaying is not really suited to a human, even though humans do it. Shipbuilding especially is not suited to a human. The amount of personal protective equipment that shipbuilders have to put on just to survive the environment. If anybody's been in a shipyard, you'll know it can be a pretty difficult sort of environment to work in. You're working at heights. There's a lot of welding, a lot of hot works going on, grinding, painting, all sorts of things happening.
It's an environment that's much more suited to robots. Humanoid robots are starting to be tried out in that, but I think it's probably going to be quite a while until they're durable enough to do that. And they're still going to have all the issues which humans have, such as working at height and all those sorts of things. It's precisely because doing physical jobs is difficult, particularly when they're precise. This opens up a massive opportunity for FBR because we build big robots that are precise. In the past, it's been very difficult to program them, but AI is making that much easier. We're really at a nexus where DST provides the precise robotic control on large moving machines, either in the factory at massive scale or outdoors in the wind and so on. We've got patented technology, which has been developed over many years.
We are proven in the field. Hadrian has built homes on real sites. Mantis is welding amazing structures at amazing quality. We have a full-stack in-house capability for mechanical, electrical control, software, and manufacturing. We have one platform with three products. DST has already made its way into Hadrian, Mantis, and will make its way into Firehawk. There are other potential concepts as well. We have a great board. I will let you all read that yourselves. We have also put on the substantial holders and capital structure here. Horsley Park, which is Brickworks Group, M&G, substantial holders. Our capital structure, you can see there on the right with options, and there are some notes about the other options there as well. Why FBR? Really, it is all about our DST, which is patented technology that lets large robots work with millimeter precision outside the factory.
Combine that with AI programming, and we are really at a nexus where we can help solve a lot of physical AI product problems around the world. We have one platform with three products. Hadrian, which is proven on real building sites. Mantis, with its first unit sold to the U.S., and Firehawk with pilot projects under negotiation. We have additional products in the concept phase. We are targeting critical skilled labor shortages in construction, heavy fabrication, and steel making.
We have a full-stack in-house capability from design and fabrication right through to field support. We have technical expertise which is sought out by some of the biggest market incumbents in the world. We have recently completed a capital raise. We have repaid some short-term debt. We are beginning to generate cash flow from sales. I will now jump through onto our disclaimer. I will stop sharing and open it back up for questions.
Okay, so we have received some questions. The first one is the plan for Hadrian to become so accurate, the walls will not need human correction. When do you think FBR will achieve this level of accuracy? Yeah, so look, definitely that is what we are working towards. We currently have to deal with some of the issues with the existing available blocks. Some blocks are better than others. For example, the European Porotherm blocks, which are rectified, are much better than others. We are obviously going through continuous improvement with that. I cannot give an exact timeframe on that. What I can say is that the level of accuracy and the amount of interaction that our construction team has on site is at a level which is completely commercially viable right now. I have got a question about Habitat. Habitat, we are still in discussion with.
They have not come up with a firm financing plan to purchase Hadrian. They have got some projects which they are waiting for funding to come through. If anything changes with Habitat, we will keep the market informed. But basically, it is a wait and see at the moment. We have another question. Can the Mantis currently weld around curves and cylinders? Yes, Mantis could do that. We have not done that yet. The applications and inquiries that we have had have been from manufacturers who are more interested in straight and slightly curved type welding. So that is what we have been concentrating on. However, there are markets and really good potential for Mantis to weld around curves and cylinders. That is something which we are very confident it will be able to do. In fact, I would say that, yes, it can do that.
Have we considered adding laser scanning onto the Mantis arm to support non-CAD workflows or help determine the position of the object in the space? Yes, this is something we're looking at. Mantis does have a mode where you can bring it to the start of a weld, and just have it follow that weld preparation for as long as it goes. That supports non-CAD workflow. We're looking at how we can introduce laser scanning. That's quite possible. There's the question here. Is Hadrian's biggest issue customers getting finance to purchase one? Yes, finance for Hadrians is an issue. As we've announced previously, in Australia, they cost around AUD 7.8 million, which you'll appreciate is a significant amount. There's two issues with the financing.
One is the lack of a secondary market for automated bricklaying machines, and the other is the proven commerciality of those machines operating in a particular business for enough time for a financier to be comfortable with those. We see that the Mantis in the welding industry doesn't appear to have those issues. It's regarded as a welding robot for which there is a well-established secondary market to provide some degree of security to financiers. The organizations which are looking at purchasing robots like Mantis typically already have automation or they have a big workforce and consistent workflow where they can already demonstrate the commerciality of what they need to finance. Somebody's asked, is there information available on Hadrian Three status and when it's available for builds? Hadrian Three is back in Australia. It's not currently available for builds.
Hadrian Four is here in Perth in Australia and is available for builds. Once we get Hadrian Four deployed and operating near capacity is when we'll bring Hadrian Three online. But right now we don't have the workforce to support both machines, so we'll be concentrating on Hadrian Four. Okay, so I've had a question, could I comment on sales? As I think I outlined in the presentation, we're very sales-focused, particularly with Mantis at the moment, and also for Wall as a Service in Perth, Australia. As I outlined, we have sold our first Mantis robot into the U.S., and we're conducting demonstrations with a number of different prospects here in Australia between now and December. Mantis will be heading to the U.S., in December or early January, following the demonstrations which we have arranged to do here in Australia before it leaves.
Somebody has asked, is there any indication on when Victorian Wall as a Service will commence? Okay, so we do have some opportunities in Victoria. As you'll appreciate, we have a fairly small team at the moment. Our preference is to work with that team here in Western Australia. However, if we can establish a strong enough pipeline of consistent work in Victoria to justify sending a Hadrian over there, then we will do that. But at the moment, the potential workflow in Victoria is a little disjointed and doesn't justify sending a Hadrian over there. But we hope that will change in the near future. We've been asked, could you elaborate on how Mantis recognizes workpieces? How precisely does a workpiece need to be positioned, and how much training is required to utilize Mantis?
Mantis uses a weld seam tracking sensor, which is a commercially available sensor, which is hardened for the welding environment. It's air-cooled, has an air shield in front of the optics on it. It actually follows the weld seam. We also use that as one of the inputs into the DST system. What this means is that the workpiece itself doesn't have to be very precisely positioned. As long as that sensor can see the weld seam, Mantis will move to follow the weld seam. In straight terms, it's very easy to position a workpiece within about 25 or 30 millimeters of where it needs to be. If the workpiece is positioned less accurately, then we have what is called probing cycles, where Mantis can automatically go and find the start of the weld.
For that, really the workpiece only needs to be positioned accurate enough that an operator or Mantis itself can find the start of the weld and make sure that the workpiece stays within the working envelope of Mantis. The quick answer is, it doesn't have to be very precise. How much training is required to utilize Mantis? For somebody who's already skilled in welding, probably not very long. For somebody who is familiar with operating plant and equipment or has some computer skills, not very long. When I say by not very long, a typical operator could be up and running in a couple of hours. Let's call it a day. Then it depends a bit on the diversity of work and what different kinds of things they have to do, but it really is quite an easy machine to operate.
It's much easier to operate than a Hadrian, which takes a few months of training. Mantis, really, you can be up and running pretty quick. We've been asked, how do you envision and if there will be a ramp-up for manufacturing for Mantis, and when will this happen, ballpark? We will ramp Mantis manufacturing up to suit sales. We're not currently funded to build stock of Mantis, even though we would like to be. We have a number of prospects which we're working through the sales pipeline. I can't give any guidance on numbers. But we would like to be building a lot more Mantis than we are. We've been asked, what's the plan for immediate cash flow management? It's been a really tight year for FBR.
As I've said, we're really intent on ramping up sales, particularly for Mantis. How well that goes and the level of deposits which we receive for that will impact our cash flow, of course, and our capital needs, and we'll be managing that as required. Are we likely to see Mantis penetrate the market with multiple orders within the next year? Well, once again, I can't give guidance on it. But as we make sales, we'll definitely keep the market informed. We have a really good number of prospects. As long as we convert even a reasonable proportion of those, I'm really confident that we'll get a good number of sales.
We've been asked, wouldn't it make a great deal of sense to bring one or more strategically relevant shareholders, such as Liebherr and/or SHI on board as anchor shareholders in FBR in order to secure FBR's survival as a public company and significantly boost the future success of all parties involved? Yeah, of course. We have been working with various potential strategics over a number of years. We can only announce what is committed with those sorts of things. As we get to commitments with any or all of those particular arrangements, we'll announce that. We've been asked, what is FBR's plan for manufacturing Mantis at scale? Is FBR going to raise money to build them in Perth? As I mentioned earlier, we have a really well-established and very capable global supply chain, which brings in quite a bit of the value of Mantis.
In terms of the massive Mantis, we actually make most of that here at the moment. That's because subcontracting out small amounts of high-precision fabrications and machined parts such as are in Mantis is not very economical, and we're very good at doing that. However, as the numbers increase, that's a thing which can be subcontracted out. There's a really good global supply chain for that. Anybody who's dealt with that knows that they really want to deal with more than ones or twos, or you're paying ridiculous prices and going to the bottom of the queue and getting really bad delivery times. It'll be a mix. It'll be a mix of us using the global supply chain that's already there, ramping that up. It's an industrial supply chain, so it has a good ability to scale. FBR has a good capability to manufacture.
We can increase that manufacture by flexing our workforce. Of course, we'll look at the various capital equipment that's needed. We can also engage with contractors and various suppliers. So it'll be a mix. In terms of raising money to manufacture in Perth, at the moment, we're assembling in Perth. Depending on how sales go in other parts of the world, we'll assess that as market demand and production requirements change. Been asked, "What's happening in the near future with Hadrian? When will it be starting Wall as a Service, and how far is the second Mantis from finish?" Hadrian has a number of Wall as a Service projects in the planning phase, where we're just waiting for those projects to actually kick off. In terms of timeline, that really is in the hands of third party, so I can't give any firm guidance on that.
When they are about to deploy, we'll keep the market informed of that. I've just had my questions jump around a little bit. Here's another question. "Shareholders have been given limited information about State Machinery, its industry track record, financial capacity, and established customer relationships. What due diligence has FBR undertaken to validate State Machinery's ability to commercialize Mantis? What realistic sales volumes, revenue expectations, and time frames underpin this partnership? Are there any binding minimum purchase commitments beyond the initial order?" State Machinery has been a dealer for Hyundai Construction Equipment and Liebherr Construction Equipment for many, many years. I have been to Louisiana and met the principal there, Ed Renton, who runs a lot of different diversified businesses in Louisiana. He and the business are very well connected.
Ed took me to some sites where we could be using Mantis with potential customers. It is a non-exclusive arrangement, but we are working very closely with Ed. I have really good confidence in them. They have set up a subsidiary called Industrial Robotics to market Mantis itself. They will be at the International WorkBoat Show, which is the first reasonable size trade show that it makes sense to present Mantis at. That is in early December. In some ways for the river transportation and shipbuilding industry, Liebherr have some product lines such as tower cranes, which fit in really well with shipbuilding and river barge maintenance. So there are some good synergies there. They are a good size industry, and they have quite good turnover. There are no binding minimum purchase commitments. But of course, we are all working towards achieving as many sales as possible.
We are running out of time, so I am just going to do one more. Here is a good question. "Can Mantis help build Hadrian?" Yes, is the quick answer. That is actually sort of the genesis of Mantis. As I mentioned in the presentation earlier, one of the key things which initiated the market survey we undertook was we were looking for large scale robotics to help us actually weld up some of the large structures in Hadrian.
There was not really anything suitable off the shelf, which was sort of the genesis of Mantis. So yes, Mantis definitely can be used to build Hadrian. It is going to be a great case of seeing robots building robots. Mantis can even be used to build Manti. So we are looking forward to that as well. Nothing like a robot building its own robot. So thank you to everybody who has attended.
We have currently 68 attendees. So I think that is a really, really good sign of things to come, what we have coming up with Hadrian, Mantis, Firehawk, and DST. I thank you all for your support, and I look forward to seeing you at the AGM, if not before. Thank you.