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FBR Limited ( (AU:FBR) ) just unveiled an announcement.
FBR Limited has signed a Memorandum of Understanding (MoU) with Habitat NT for the sale of a Hadrian X® unit, valued at A$7.8 million, to address the housing shortage in the Northern Territory. This strategic move is expected to enhance construction efficiency in the region by supplementing manual labor with robotic technology. Additionally, FBR has entered into an Engineering Services Agreement with Samsung Heavy Industries to automate shipbuilding processes, and launched the Mantis welding robot to improve efficiency in fabrication, mining, and shipbuilding industries. These developments highlight FBR’s commitment to expanding its automation solutions across various sectors, potentially increasing its market influence and operational footprint.
More about FBR Limited
FBR Limited is a robotic technology company based in High Wycombe, Western Australia. The company specializes in developing automation solutions, particularly in the construction industry with its Hadrian X® robots, and is expanding its reach into shipbuilding and large-scale fabrication industries with products like the Mantis welding robot.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$34.14M
Learn more about FBR stock on TipRanks’ Stock Analysis page.