• Binding conditional purchase order from US customer State Machinery & Equipment Sales
• AUD$990,000 contract value
• Delivery anticipated in second half CY26

FBR Limited (ASX:FBR) has announced that it has received a binding conditional purchase order from State Machinery & Equipment Sales (State Machinery), a US-based dealer of heavy equipment, for a Mantis welding robot. State Machinery plans to use the Mantis robot in the manufacture of barges at its facility on the Mississippi River in Louisiana. The binding purchase order is conditional upon the satisfactory completion of a Factory Acceptance Test, where the Mantis robot will weld a sub-assembly of a Hopper Barge at FBR's facility in Western Australia. The contract value is AUD$990,000, with A$450,000 payable upon passing the Factory Acceptance Test, a further A$450,000 on delivery, and the remaining A$90,000 three months after delivery. FBR will also provide installation and training to State Machinery representatives in Louisiana. FBR's CEO, Mark Pivac, expressed his excitement about the order, stating that it is indicative of the strong demand for the Mantis product. State Machinery's President, Ed Renton, also expressed his enthusiasm for the opportunity to work with FBR and bring the Mantis robotic welding technology to the United States.