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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.