I believe there isn't a licensing agreement in place yet [see below] and I have seen no specific wording that CAT is going to finance manufacturing.
However, there has been a lot of communications in the Investor presentations and the MOU press releases.
Such as
https://www.caterpillar.com/en/comp...morandumofunderstandingwithcaterpillarin.html
Australian robotic technology company, Fastbrick Robotics Limited (ASX: FBR) (“Fastbrick Robotics”), has entered into a Memorandum of Understanding (“MOU”) with Caterpillar Inc. (NYSE: CAT) to discuss and develop a potential framework for collaboration regarding the development, manufacturing, sales, and services of Fastbrick Robotics’ robotic bricklaying technology (“FBR Technology”).
Reading between the lines and thinking through the timelines, the "Collaboration" in regards to Development is occuring now. The "Collaboration" in Manufacturing must include CAT financing this, as FBR simply doesn't have the cash for it at the moment nor does FBR have the ability to raise the cash through acquiring debt. So CAT have 2 choices.
1. CAT fund the manufacturing themselves, and build lots of Hadrians.
or
2. FBR fund the manufacturing of machines as a trickle....build a couple of machines, sell them...use those funds to build more....rinse and repeat.....this would take a lifetime squared to reach any meaningful volume and CAT is not going to want to wait for that.
In regards to licensing.
Here is the link to the AGM presentation.
https://www.fbr.com.au/upload/pages/20171127104527/agm-presentation.pdf
Have a look at Page 22.
"CAT and FBR IP & Licensing Arrangements"
There is no tick yet, so this is in the future.
But if FBR was funding the manufacturing themselves and using CAT as a contract manufacturer, there would be no need for IP & Licensing arrangements. Therefore there will be a licensing agreement between FBR and CAT so CAT can build Hadrians or similar and they will be branded CAT, not branded FBR.
Also in interviews and other communications from FBR, they have talked about licensing the tech.
Joining the dots, the available information points to CAT funding the manufacturing and almost all of that 35 million being used for further R&D.
