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An update from FBR Limited ( (AU:FBR) ) is now available.
FBR Limited has secured up to A$20 million through a Share Subscription Facility with GEM Global Yield LLC SCS, providing the company with flexible working capital over a three-year period. This funding will support FBR’s growth strategy, including the commercialization of its Hadrian X and DST-enabled automation solutions, and the development of new projects like the Mantis welding robot. The initiative aims to demonstrate the commercial viability of FBR’s offerings and transition the company into a sustainable business, capitalizing on the growing market for robotic products.
More about FBR Limited
FBR Limited is a company that designs, develops, and builds dynamically stabilized robots to meet global needs more safely, efficiently, and sustainably. Their core technology, Dynamic Stabilisation Technology (DST), is applied in products like the Hadrian X, a bricklaying robot, and Mantis, a high deposition welding robot for large-scale metal fabrication industries such as mining, shipbuilding, and defense manufacture.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$34.14M
For detailed information about FBR stock, go to TipRanks’ Stock Analysis page.