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FBR Limited Partners with Samsung Heavy Industries on Shipbuilding Automation

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FBR Limited Partners with Samsung Heavy Industries on Shipbuilding Automation

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FBR Limited ( (AU:FBR) ) has provided an update.

FBR Limited has entered into an Engineering Service Agreement with Samsung Heavy Industries to develop and demonstrate a core technology module for a shipbuilding construction robot. This agreement marks the first phase of a shipbuilding automation project, with completion expected in five months. The collaboration includes a 10-year exclusive dealing relationship and aims to explore commercialization business models for the technology, potentially impacting FBR’s market position and stakeholder interests.

More about FBR Limited

FBR Limited is a company that specializes in commercializing Dynamic Stabilisation Technology (DST) with long boom robotics. Their primary products include the Hadrian X robot and Wall as a Service (WaaS), with applications in the shipbuilding, steel, and energy industries.

YTD Price Performance: -75.00%

Average Trading Volume: 25,955,709

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$28.45M

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

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