InvestSMART

FBR Ltd (ASX:FBR)

ALERT: Price-sensitive ASX Announcement for FBR
Current share price for FBR : $0.079 0.075 (1,875%)+
Announcement
Release
20 Jan 2026 9:43AM
Price at Release
$0.004
Full Release
download
Summary
FBR Limited announced it has received a binding conditional purchase order valued at AUD$990,000 from State Machinery & Equipment Sales based in Louisiana, USA, for a Mantis welding robot. This order is contingent upon a successful Factory Acceptance Test to be conducted in Western Australia, ensuring the robot meets specified welding speeds and quality standards. The contract outlines a payment schedule with installments linked to the test and delivery milestones. This purchase order indicates strong market interest in the Mantis robot, which will be used by State Machinery for barge production. FBR will also provide installation and training services in Louisiana.
Key Points
  • FBR Ltd receives a binding conditional purchase order for a Mantis welding robot.
  • The purchase order is from State Machinery & Equipment Sales in Louisiana, USA.
  • The contract value is AUD$990,000 with delivery expected in the second half of CY26.
  • The purchase is contingent upon a successful Factory Acceptance Test in Western Australia.
  • FBR will provide installation and training in Louisiana post-delivery.
  • Payment schedule includes AUD$450,000 upon successful test, AUD$450,000 on delivery, and AUD$90,000 three months after delivery.
  • State Machinery plans to use Mantis for barge manufacturing on the Mississippi River.
  • The conditional order highlights strong demand for the Mantis robot.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.