Australia's FBR climbs after Mantis robot clears commercial acceptance hurdle

FBR

08/10/2026 01:37

** Shares of Australia's FBR Ltd FBR.AX rise as much as 10.6% to A$0.073, posting their biggest intraday pct gain since August 27
** Robotic technology firm says first Mantis welding robot passed factory acceptance testing and independent weld quality certification
** Mantis is FBR's robotic welding system designed for heavy industrial applications such as structural steel fabrication
** Says completion of testing makes the first machine sale unconditional to buyer
** FBR to retain first Mantis unit in Perth until January 2027 for paid pilot programme and customer demonstrations
** About 1.2 million shares change hands, 2.8x the 30-day average volume 
** Stock down 64.5% this year, including session moves

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))