PARKD Limited (ASX: PKD) has inked a five-year exclusive licensing agreement with Fielders Steel Roofing, a division of BlueScope Steel (ASX: BSL), marking a major milestone in its commercialisation strategy.
The deal grants Fielders the exclusive right to manufacture, market, distribute, and sell PARKD’s Metal Deck Support Bracket (MDSB®) and Metal Deck Support System (MDSS®) in Australia. Fielders has also secured the first right to negotiate licensing agreements for key international markets, including the United States, New Zealand, Indonesia, Japan, India, and Canada.
From Concept to Commercialisation
The signing of this agreement follows two years of extensive R&D, testing, and validation by PARKD’s technical team. A critical component of this process was the completion of two proof-of-concept projects—the Quattro Automotive Myaree project and the John Hughes Forward Street project—which demonstrated the strength, safety, and efficiency gains of PARKD’s system.
With over 6,000 MDSB® units and 7,000m² of Fielders’ SlimDek 210® product used in these projects, the results exceeded Fielders’ performance expectations, paving the way for the final agreement.
PARKD’s Managing Director, Peter McUtchen, called the agreement a breakthrough moment for the company:
“PARKD recognised the potential our simple yet ingenious connection system could bring to the broader construction market. This small yet critical invention is the key to unlocking the sector’s aspirations for improved safety, productivity, cost efficiencies, and sustainability.”
Peter McUtchen
A Blueprint for Growth
The licensing model aligns PARKD’s success with Fielders’, with revenue generated through a royalty fee per unit and metre sold. While no immediate revenue is guaranteed, the agreement is expected to significantly expand PARKD’s addressable market, particularly as Fielders leads advertising, marketing, and tendering efforts.
Fielders’ National Sales, Marketing and Innovation Manager, Matt Lloyde, sees PARKD’s system as a natural fit for their structural decking solutions:
“We see great potential for PARKD’s IP to add value to our SlimDek 210® structural decking system. Our collaboration allows us to offer a complete engineered solution to the construction sector.”
With a marketing strategy set for rollout in 2H FY25, the expectation is that commercial uptake will ramp up in FY26, as Fielders integrates the MDSB® into its broader portfolio of construction solutions.
Financial Strength and Operational Momentum
PARKD enters this next phase with strong operational momentum, following a solid December quarter:
- Structural completion of the Quattro Automotive Myaree and John Hughes Forward Street projects, proving real-world application of PARKD’s technology.
- Net operating cash flow of $277k, with a cash balance of $762k at the end of Q2 FY25.
With this licensing agreement now in place, PARKD is well-positioned to capitalise on the market opportunity ahead, with Fielders providing the commercial muscle to accelerate adoption.
