• Exclusive 5-year licence agreed with Fielders to exploit PARKD's IP and Trademarks
• Preparation of joint marketing materials with Fielders underway for Q4 FY25 release
• Completion of John Hughes Forward St project, delivering storage for 300 vehicles

PARKD Ltd (ASX:PKD) is pleased to provide an update on its activities for the quarter ending 31 March 2025 (Q3 FY25). Key highlights include the exclusive 5-year licence agreement entered into with Fielders (a division of BlueScope Steel Limited) for the licensing of PARKD's IP rights, including the metal deck support system (MDSS®) and metal deck support bracket (MDSB®). PARKD and Fielders are working together to prepare appropriate marketing and promotional materials, which are on track for completion in Q4 FY25, with the aim of commencing the exploitation of commercial opportunities as a complete engineered solution from FY26 onwards. The company also announced the practical completion of the John Hughes Group Forward Street car storage facility, which has delivered storage for 300 vehicles over 3 levels and a GFA of 6,200m2. The board and management remain focused on supporting the licence agreement with Fielders and formulating a long-term joint sales strategy, while continuing to employ prudent capital management measures and identify ways to realise value for its IP and streamline the business for long-term success.

PARKD will continue to employ prudent capital management measures and will continue to identify ways to realise value for its IP and streamline the business for long-term success.