FBR Limited Expands Global Reach with Innovative Robotics
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FBR Limited (AU:FBR) is expanding its global sales pipeline, particularly with its Hadrian bricklaying robots, which have seen success in the US. The company is also in talks with Samsung Heavy Industries for automation solutions in shipbuilding. FBR is launching new products, including the Mantis welding robot and the Firehawk robot for the steel industry, backed by a $20 million facility and recent capital raises. The current market cap is A$26.75M, with a technical sentiment signal indicating a strong sell.
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