Collaboration with Samsung Heavy Industries
FBR has successfully completed a demonstration of its technology to Samsung Heavy Industries, assessing the feasibility of applying FBR’s robotic automation technology to the shipbuilding industry, and are moving forward with negotiations for a joint development agreement.
Samsung Heavy Industries (‘SHI’) is a shipbuilding company based in South Korea. It manufactures large size commercial vessels including crude oil tankers, container vessels, bulk carriers and offshore floating units such as FPSO, FLNG and drill ships.
SHI has recognised 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 industry.
Antonio Yun (VP SHI Offshore Proposals) said, “I saw FBR's DST® technology and I thought it could be a game changer for the automation of the large-scale outdoor manufacturing processes used for material movement and precision positioning activities. Automation of certain processes is expected to substantially speed up our manufacturing processes and will help to free up our skilled workers to focus on other aspects of ship building.”
Read the full ASX announcement at our Investor Centre here.