Australia's PARKD hits over 3-year high on licensing deal for key products
07/02/2025 01:04
** Shares of PARKD PKD.AX rise 72.1% to A$0.074, their
highest level since November 25, 2021
** Construction technology company heading for its strongest
intraday gain since late September 2022
** Co signs 5-year license agreement with Fielders Steel
Roofing, a division of steel producer BlueScope Steel BSL.AX
** Agreement for licensing of intellectual property rights
owned by PARKD of its metal decking support bracket (MDSB) and
metal deck support system (MDSS) products
** Says exclusive licence allows Fielders to manufacture,
market and sell the MDSB to the Australian market
** Stock has more than doubled this year, as of last close
(Reporting by John Biju in Bengaluru)
((John.Biju@thomsonreuters.com))