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An announcement from FBR Limited ( (AU:FBR) ) is now available.
FBR Limited has announced a transition to a three-member board as part of its long-term succession planning, with the appointment of Glenn Cooper as a Non-Executive Director. This change aims to streamline the board and enhance the company’s strategy to commercialize its robotic technologies. FBR is focusing on generating revenue through its DST technology and expanding its business development pipeline, which includes global interest in its Hadrian units and Mantis welding robots. The company is poised for growth with its innovative solutions in the construction and metal fabrication industries.
More about FBR Limited
FBR Limited is a robotic technology company that designs, develops, and builds dynamically stabilized robots to address global needs in a safer, more efficient, and sustainable way. Their core technology, Dynamic Stabilisation Technology (DST), is applied in products like the Hadrian X, a bricklaying robot, and Mantis, a high deposition welding robot. The company focuses on commercializing these technologies for industries such as construction and large-scale metal fabrication.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$32.38M
Find detailed analytics on FBR stock on TipRanks’ Stock Analysis page.