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FBR Limited and Samsung Heavy Industries to Collaborate on Shipbuilding Automation

Story Highlights

FBR Limited ( (AU:FBR) ) has issued an announcement.

FBR Limited has successfully demonstrated its robotic technology to Samsung Heavy Industries (SHI) and is moving forward with negotiations for a joint development agreement. This collaboration aims to automate certain shipbuilding processes using FBR’s DST technology, potentially speeding up manufacturing and freeing skilled workers for other tasks, which could significantly impact the shipbuilding industry.

More about FBR Limited

FBR Limited is a company that designs, develops, and builds dynamically stabilized robots for outdoor use, leveraging its core Dynamic Stabilisation Technology (DST). Its primary product, the Hadrian X, is a bricklaying robot that constructs structural walls more efficiently and accurately than traditional methods, offering a unique ‘Wall as a Service’ commercial model.

YTD Price Performance: -30.0%

Average Trading Volume: 398,891

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $67.41M

For an in-depth examination of FBR stock, go to TipRanks’ Stock Analysis page.

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