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FBR Limited ( (AU:FBR) ) has issued an update.
FBR Limited has signed a non-binding Memorandum of Understanding with Fraser Lyne Constructions for the sale of a Hadrian® unit, marking a significant step in addressing the housing shortage in New South Wales. This agreement involves a staged transaction with a purchase order of A$7.8 million, and includes a machine warranty, training, and support services, potentially enhancing FBR’s market presence in the construction industry and contributing to solving regional housing challenges.
More about FBR Limited
FBR Limited is a company that designs, develops, and builds dynamically stabilized robots aimed at addressing global needs in a safer, more efficient, and sustainable manner. Their primary products include the Hadrian®, a bricklaying robot that constructs structural walls, and Mantis™, a high deposition welding robot for large-scale metal fabrication industries. FBR’s technology is utilized in construction and manufacturing sectors, offering innovative solutions through their Dynamic Stabilisation Technology®.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$20.06M
Find detailed analytics on FBR stock on TipRanks’ Stock Analysis page.