PARKD Limited (ASX:PKD) Signs 5-Year Licensing Agreement with Fielders
Licensing Agreement Details
PARKD Limited (ASX:PKD) has entered into a five-year exclusive licensing agreement with Fielders Steel Roofing, a division of BlueScope Steel Limited (ASX:BSL). The agreement grants Fielders the exclusive rights to manufacture, market, distribute, and sell PARKD’s MDSB® and MDSS® systems in Australia. Additionally, Fielders has the first right to negotiate licensing in the USA, New Zealand, Indonesia, Japan, India, and Canada. The agreement follows over two years of testing and proof-of-concept projects, ensuring that PARKD’s products meet strict performance criteria.
Executive Comments
PARKD Managing Director, Peter McUtchen, stated, “PARKD recognised the potential, its simple, yet ingenious connection system could present to the broader construction market. This small yet critical invention is the key to unlock the aspirations of the construction sector to meaningfully improve safety, productivity, costs and particularly sustainability goals of the government and private sectors.”
Future Outlook
PARKD and Fielders will develop promotional materials and a marketing strategy in the second half of FY25, aiming to exploit commercial opportunities in FY26. The board anticipates growing the partnership and exploring additional PARKD IP offerings in the future.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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