Prefab car park company makes commercial progress with Bluescope subsidiary

Construction technology company PARKD has announced entry into Binding Commercial Terms with Fielders Steel Roofing (a division of BlueScope Steel) for the licencing of PARKD’s Metal Deck Support System (MDSS) and intellectual property. 

The news follows a successful 120-day due diligence term announced in September 2023.

Western Australia-based PARKD is a developer of modular, multi-storey carpark systems that can be disassembled and reused, with claimed cost, safety and productivity benefits.

In a statement on Monday, the company said that Fielders will be offer discounted supply costs and royalties for immediate and future use of the MDSS.

“I am delighted to see our invention and  IP gain the support and investment with Fielders in such a short period,” said PARKD Managing Director, Peter McUtchen 

“Our relationship and  shared vision signifies a critical need for innovation and smart engineering in the construction  industry to not only advance efficiencies, but keep our workers and contractors safer at work.”

The terms come under a 12-month proof-of-concept period from February 2, during which PARKD will showcase the performance of its MDSS across two projects, including the Audi Centre in Myaree, WA.

“Taking this next step with Fielders, to proof-of-concept on our projects, is a major point of  validation for PARKD’s technology and IP locally and internationally,” added McUtchen. 

“Our global patents  secured for our Continuously Voided Beams… place us in a very strong position to  promote a complete structural solution complementing the Metal Deck Support System.”

Picture: relocatable car park delivered to City Subaru in 202 (credit Parking Australia)