Company Interview / Scope for growth following Fielders agreement

ASX- listed Parkd (ASX: PKD) inked a five year licencing agreement with Fielders, a division of BlueScope Steel (ASX: BSL) Parkd MD Peter McUtchen says while there is no immediate revenue upon signing the agreement, any revenue is dependent on the uptake of sales.

Peter says Parkd and Fielders will begin preparing promotional materials and a marketing strategy, which is anticipated to beging in the second-half. It expects to be able to exploit commercial opportunities as a complete engineered solution for projects beginning in FY26.

Peter says the system and the Fielders product is quicker, safer and is ripe to be rolled out across additional international territories for future licencing including the US, New Zealand, Indonesia, Japan, India and Canada.