Robotic technology company FBR Limited has entered into an Engineering Service Agreement with South Korea’s Samsung Heavy Industries (SHI) to develop the first phase of a shipbuilding automation project.
The announcement was made on Monday, 16 June 2025.
Under the agreement, FBR will develop, demonstrate, and validate a core technology module for a shipbuilding construction robot.
This proof-of-concept phase is expected to be completed within five months, FBR said in a news release.
FBR confirmed that the agreement marks the beginning of a 10-year exclusive dealing relationship between the two companies for the materials delivered in Phase 1.
FBR will receive USD 150,000, along with reimbursement for reasonable expenses and any additional pre-approved costs incurred during the project.
The agreement highlights a strategic collaboration between Australian and South Korean industry leaders, aimed at advancing automation in the global shipbuilding sector.
Details of the Engineering Service Agreement are available on FBR’s InvestorHub.
