FBR Limited announces board changes and strategic growth focus

FBR Limited (ASX:FBR) announced significant board changes and strategic advancements as it focuses on commercializing its robotic technology. Effective October 1, 2025, Richard Grellman and Nancy Milne will retire, and Glenn Cooper will be appointed as a non-executive director. Cooper, who previously served on the FBR board from April 2024 to April 2025, brings over 25 years of experience in construction, manufacturing, and mobile equipment industries. The transition to a three-member board aims to be lean and efficient, prioritizing revenue generation from Dynamic Stabilisation Technology (DST) and expanding R&D projects.

The company is actively pursuing business development initiatives globally, including sales and commercial use of Hadrian® units, Wall as a Service (WaaS), and Mantis™ welding robots. FBR's team of 25 is equipped to sell, build, commission, operate, and maintain these robotic technologies, while also conducting R&D to commercialize core DST. This includes partnerships with external entities like Samsung Heavy Industries for Mantis® welding robots.

In a related proposed issue, FBR Limited plans to issue 6,666,666 ordinary fully paid securities on September 22, 2025, without cash consideration. These securities, valued at an estimated AUD30,000, will satisfy part of the fees owed to the lead manager from a placement completed in August 2025.