FBR advances robotic construction, welding; targets global sales
FBR Limited's chief executive, Mark Pivac, addressed the annual general meeting on Thursday, November 6, 2025, detailing the company's progress in robotic construction and welding. Following a successful demonstration of 10 houses in Florida, FBR has established a global sales pipeline for Hadrian, its bricklaying robot, which is priced at $7.8 million each. The company also secured two Memorandums of Understanding for Hadrian sales in Australia, specifically in the NT and NSW.
The address also highlighted FBR’s Mantis welding robot, targeting first sales in calendar year 2026 after prototype completion, and the upcoming Firehawk robot for re-lining steel ladles, with a provisional patent filed. FBR further announced an engineering services agreement with Samsung Heavy Industries (SHI) to develop automation for the shipbuilding industry. During the AGM, all resolutions, including the adoption of the remuneration report and the re-election of director Shannon Robinson, were decided by a poll and carried.
FBR's strategy remains focused on the commercialisation of its core Dynamic Stabilisation Technology (DST) through Hadrian, Mantis, and Firehawk, aiming to address global housing and industrial fabrication needs more efficiently and sustainably. The company confirmed it has access to a $20m facility from GEM for working capital and completed a placement and share purchase plan to support its sales pipeline.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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