PKD Extension to formalise Fielders Licence Agreement

Key points

• 7-day extension to formalise licence agreement for PARKD's Metal Deck Support System
• Follows successful proof-of-concept projects under existing 12-month binding licence terms
• Allows companies to finalise longer-term licence agreement for manufacture, marketing and sale of PARKD's IP

Full summary

Parkd Ltd (ASX:PKD) has announced a 7-calendar day extension of its Binding Commercial Terms with Fielders Steel Roofing (a division of BlueScope Steel Limited (ASX:BSL)) for the licensing of Parkd's Metal Deck Support System (MDSS™) and intellectual property (IP). This follows the satisfactory performance of the Metal Deck Support Bracket (MDSB™) on two proof-of-concept projects, a condition of the existing 12-month Binding Licence Terms entered into in February 2024. The term extension allows the companies to finalise a licence agreement that encompasses the binding terms agreed in the current Heads of Terms. Investors should note that there is no guarantee that a formal agreement will be reached between the parties.