Business
Why the FBR (ASX:FBR) share price surged 10% higher today
The FBR Ltd (ASX: FBR) share price shot up 10% in early trade today after the robotics company announced a new pilot program agreement.
At the time of writing, the FBR share price has retreated slightly to 5.1 cents, up 6.25%.
What did FBR announce?
In today’s release, FBR advised that it has signed a pilot program contract with Xella Technologie- und Forschungsgesellschaft mbH (Xella).
Based in Germany, Xella specialises in developing, manufacturing and marketing building and insulation materials. The company is known to be one of the world’s leading suppliers of Ytong autoclaved aerated concrete (AAC) and Silka calcium silicate blocks (CSU).
Under the agreement, Xella will supply AAC and CSU blocks to FBR in order to build…
-
General18 hours agoSupermarket worker dead, attacker on the run after fatal stabbing in Nightcliff
-
Noosa News21 hours agoBunnings strikes agreement to address concerns of ‘terrified’ plant growers
-
Noosa News18 hours agoBillboards vs content creators – the new frontier in election marketing
-
General16 hours agoWA mother Stacey Cunningham found guilty of careless driving causing death of two children, spared jail time