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FBR Ltd (ASX:FBR)

ALERT: Price-sensitive ASX Announcement for FBR
Current share price for FBR : $0.088 0.084 (2,100%)+
Announcement
Release
27 Jul 2026 9:41AM
Price at Release
$0.004
Full Release
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Summary
FBR Limited has announced a Master Distribution Agreement for its Mantis™ welding robots in the United States and Canada with Industrial Robotics, LLC. This agreement designates Industrial Robotics as the non-exclusive distributor, focusing initially on Louisiana, Alabama, Mississippi, the Florida Panhandle, and Eastern Texas. The distribution will include marketing, promotion, sales, and maintenance, with Industrial Robotics responsible for training, mechanical maintenance, installation, and ensuring customer satisfaction. The agreement, which lasts five years with automatic renewals, is part of FBR's strategy to enter the North American industrial fabrication and shipbuilding sectors without increasing its headcount. This move is seen as a validation of early commercial demand for the Mantis™ platform.
Key Points
  • Master Distribution Agreement for Mantis™ in the US and Canada.
  • Industrial Robotics, LLC appointed as non-exclusive distributor.
  • Focus on Louisiana, Alabama, Mississippi, Florida Panhandle, Eastern Texas.
  • Five-year initial term with automatic renewals.
  • Industrial Robotics responsible for training, maintenance, and customer satisfaction.
  • Agreement aligns with FBR's strategy for North American market entry.
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.