• Successful demonstration of FBR's robotic technology to Samsung Heavy Industries
• Potential joint development of automated solutions for the shipbuilding industry
• Collaboration to leverage FBR's expertise in long-boom automated robotics

FBR Limited (ASX:FBR; OTCQB:FBRKF), a robotic technology company, has successfully completed a demonstration of its technology to Samsung Heavy Industries (SHI), a leading shipbuilding company based in South Korea. The collaboration follows a technical and engineering study conducted by the parties to assess the feasibility of applying FBR's robotic automation technology to the shipbuilding industry. SHI has recognized FBR's expertise and success in the development and implementation of long-boom automated robotics in outdoor environments and has approached FBR to undertake a joint development of automated solutions in the shipbuilding process. The parties have now completed the technical assessment and demonstration, and are planning to enter into business agreement negotiations under which FBR and SHI may jointly undertake development, engineering and prototyping of one or more automated solutions in a stage-gated manner. FBR's CEO, Mike Pivac, expressed his delight at the collaboration, stating that it represents a significant adjacent use case for FBR's DST® technology, AI vision, QC systems, and shuttle delivery system. SHI's VP, Antonio Yun, also highlighted the potential for FBR's technology to be a game-changer in automating large-scale outdoor manufacturing processes and freeing up skilled workers to focus on other aspects of shipbuilding.

The collaboration with Samsung Heavy Industries represents a significant opportunity for FBR to expand the application of its robotic technology beyond the construction industry and into the shipbuilding sector. The successful demonstration and planned business agreement negotiations suggest that the parties see significant potential in jointly developing automated solutions that could substantially speed up and improve the efficiency of shipbuilding processes.