FBR Limited Expands U.S. Operations and Collaborations in Construction and Shipbuilding

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

FBR Limited’s quarterly report highlights significant advancements in its U.S. operations, including the completion of a demonstration program with builders and a notable build for PulteGroup, which garnered media attention. The expiration of exclusivity with CRH Ventures opens new opportunities for FBR to explore partnerships and funding for its Wall as a Service® in the U.S. Additionally, FBR is collaborating with Samsung Heavy Industries to explore the application of its robotic technology in shipbuilding and with Liebherr to support the localization and assembly of Hadrian X® machines in the U.S. Financially, the company reported increased customer receipts and a focus on cost rationalization to preserve its technology and capabilities.

More about FBR Limited

FBR Limited is a robotic technology company based in Western Australia, specializing in automated construction solutions. Their primary product, Hadrian X®, is a robotic bricklaying machine designed to revolutionize the construction industry by providing Wall as a Service®. The company is focused on expanding its market presence in the United States and exploring opportunities in other industries, such as shipbuilding, through collaborations with major companies like Samsung Heavy Industries.

YTD Price Performance: -50.0%

Average Trading Volume: 487,769

Technical Sentiment Signal: Buy

Current Market Cap: $25.36M

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