Parkd Ltd. Secures Licensing Agreement with Fielders for Structural Support Technologies

Tip Ranks
2025.02.06 23:25
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Parkd Ltd. has secured a five-year exclusive licensing agreement with Fielders, a division of BlueScope Steel Limited, to utilize its metal decking support technologies in Australia. This partnership aims to enhance market opportunities and may expand internationally, with Fielders leading marketing efforts. The agreement's success depends on market adoption and sales performance. Parkd Ltd. focuses on innovative construction solutions, particularly in the residential, commercial, industrial, and infrastructure sectors.

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The latest update is out from Parkd Ltd. ( (AU:PKD) ).

Parkd Ltd. has entered into a five-year exclusive licensing agreement with Fielders, a division of BlueScope Steel Limited, allowing Fielders to exploit Parkd’s metal decking support technologies in Australia. This partnership, which includes potential international expansion, aims to enhance market opportunities for both companies, with Fielders leading marketing efforts. While the agreement sets the stage for future revenue, it is contingent on market adoption and sales performance.

More about Parkd Ltd.

Parkd Ltd. operates in the construction industry, focusing on innovative solutions for structural forms with its primary products being the metal decking support bracket (MDSB®) and metal deck support system (MDSS®). The company’s market focus includes expanding its addressable market through strategic partnerships and licensing agreements, particularly in residential, commercial, industrial, and infrastructure sectors.

YTD Price Performance: 75.00%

Average Trading Volume: 151,008

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$3.64M

Learn more about PKD stock on TipRanks’ Stock Analysis page.

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