BUZZ-Australia's PARKD hits over 3-year high on licensing deal for key products

Reuters
02-07
BUZZ-Australia's PARKD hits over 3-year high on licensing deal for key products

** 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))

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