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FBR Limited ( (AU:FBR) ) has issued an update.
FBR Limited has made significant strides in expanding its global sales pipeline, particularly with its Hadrian bricklaying robots, which have demonstrated success in the US market. The company has also attracted attention from Samsung Heavy Industries for potential automation solutions in shipbuilding. FBR is advancing its product line with the launch of the Mantis welding robot and the upcoming Firehawk robot for the steel industry, supported by a $20 million facility and recent capital raises.
More about FBR Limited
FBR Limited is a robotic technology company that designs, develops, and builds dynamically stabilized robots using its core Dynamic Stabilisation Technology (DST). The company focuses on creating robots that work outdoors, with applications such as the Hadrian bricklaying robot and the Mantis welding robot, targeting industries like construction and large-scale metal fabrication.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$26.75M
For a thorough assessment of FBR stock, go to TipRanks’ Stock Analysis page.