Proactiveinvestors Australia PARKD Ltd https://www.proactiveinvestors.com.au Proactiveinvestors Australia PARKD Ltd RSS feed en Thu, 23 May 2019 13:01:12 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - PARKD director continues to show support through another on-market purchase ]]> https://www.proactiveinvestors.com.au/companies/news/220373/parkd-director-continues-to-show-support-through-another-on-market-purchase-220373.html PARKD Ltd (ASX:PKD) non-executive director Robert Martin continues to demonstrate his support for the company with a third on-market purchase of shares ithis month.

Martin purchased 13,095 shares on Wednesday and now holds a total of 567,466 shares in indirect interests.

READ: PARKD non-executive director shows confidence in company through on-market purchase

The latest acquisition follows two other transactions this month, including the purchase of 38,248 shares earlier this week and 25,000 shares last week.

The company has also recently received a $470,000 boost through an R&D cash refund under the Federal Government’s R&D Tax Incentive Scheme.

READ: PARKD receives $470,000 boost through R&D cash refund

The refund relates to the costs of research and development during the 2018 financial year, which qualifies as eligible R&D expenditure under the scheme.

Funds received will be used to enhance the company’s efforts in maximising contract revenue from construction, consulting and design services of its innovative lightweight modular car parking system.

 

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Thu, 16 May 2019 13:02:00 +1000 https://www.proactiveinvestors.com.au/companies/news/220373/parkd-director-continues-to-show-support-through-another-on-market-purchase-220373.html
<![CDATA[News - PARKD receives $470,000 boost through R&D cash refund ]]> https://www.proactiveinvestors.com.au/companies/news/220273/parkd-receives-470000-boost-through-rd-cash-refund-220273.html PARKD Ltd (ASX:PKD) has received a $470,000 cash refund under the Federal Government’s R&D Tax Incentive Scheme.

The refund relates to the costs of research and development during the 2018 financial year, which qualifies as eligible R&D expenditure under the Federal Government’s scheme.

Funds received will be used to boost the company’s efforts in maximising contract revenue from construction, consulting and design services of its innovative lightweight modular car parking system.

READ: PARKD non-executive director shows confidence in company through on-market purchase

PARKD managing director Peter McUtchen said: “The R&D tax incentive plays a pivotal role in supporting innovation in Australia, particularly for companies like PARKD that are consistently working to improve products.

“This refund add to our cash position as our team continues to make excellent progress with design works for a number of clients, along with focusing on converting a number of enquiries intro contracted works.”

READ: PARKD non-executive director shows faith in company through share purchase

Earlier this week non-executive director Robert Martin continued to demonstrate confidence in the company’s innovative modular parking strategy with the purchase of 38,248 shares on-market.

The latest transaction comes hot on the heels of the director acquiring 25,000 shares on-market last week and follows a recent acquisition by non-executive chairman Bronte Hawson of more than 67,400 shares.

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Wed, 15 May 2019 14:50:00 +1000 https://www.proactiveinvestors.com.au/companies/news/220273/parkd-receives-470000-boost-through-rd-cash-refund-220273.html
<![CDATA[News - PARKD non-executive director shows confidence in company through on-market purchase ]]> https://www.proactiveinvestors.com.au/companies/news/220088/parkd-non-executive-director-shows-confidence-in-company-through-on-market-purchase-220088.html PARKD Ltd (ASX:PKD) non-executive director Robert Martin continues to demonstrate his faith in the company's innovative modular parking strategy with the purchase of further shares in an on-market transaction.

Martin acquired a further 38,248 shares on May 10 and now holds a total of 554,371 shares in direct and indirect interests.

READ: PARKD non-executive chairman shows faith in company through on-market transaction

The latest transaction comes hot on the heels of the director last week acquiring 25,000 shares on-market and follow a recent acquisition by non-executive chairman Bronte Howson of more than 67,400 shares.

Shares are today trading at 9.5 cents a share.

In April PARKD appointed Len Trencone to the newly created role of chief financial officer.

Troncone was instrumental in the development and delivery of shareholder value in post IPO years at United Group Limited and Decmil Group Limited, formerly Paladio Group Limited.

PARKD managing director Peter McUtchen said: “Len is out of the construction phase – he’s been fundamental for the growth of United Group back in the day [and] he set the basis for get them to advance to an ASX100 company.

“His most recent appointment was with a Perth-based business where he took them to a sale last year, so that was a really successful end to his role in that company.”

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Mon, 13 May 2019 11:55:00 +1000 https://www.proactiveinvestors.com.au/companies/news/220088/parkd-non-executive-director-shows-confidence-in-company-through-on-market-purchase-220088.html
<![CDATA[News - PARKD non-executive director shows faith in company through share purchase ]]> https://www.proactiveinvestors.com.au/companies/news/219945/parkd-non-executive-director-shows-faith-in-company-through-share-purchase-219945.html PARKD Ltd (ASX:PKD) non-executive director Robert Martin has shown confidence in the company through an on-market share purchase.

Martin acquired 25,000 indirect ordinary shares and now holds 491,123 direct as well as 25,000 indirect ordinary shares. 

READ: PARKD signs MoU aimed at improving panels used in modular parking systems

Last month the company signed an MoU aimed at developing, refining and improving a critical concrete panel component for the company’s innovative lightweight modular car parking systems.

The non-binding MoU with Reinforced Earth Pty Ltd (REPL) will see the parties work together for co-development and improvements of ParkD’s transportable concrete panels.

READ: PARKD non-executive chairman shows faith in company through on-market transaction

On May 1 non-executive chairman Bronte Howson acquired 67,409 shares and now holds almost 6.34 million shares in indirect interest.

This transaction follows a series of non-market transactions earlier in the year in which the chairman acquired 128,588 shares.

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Thu, 09 May 2019 16:54:00 +1000 https://www.proactiveinvestors.com.au/companies/news/219945/parkd-non-executive-director-shows-faith-in-company-through-share-purchase-219945.html
<![CDATA[News - PARKD non-executive chairman shows faith in company through on-market transaction ]]> https://www.proactiveinvestors.com.au/companies/news/219615/parkd-non-executive-chairman-shows-faith-in-company-through-on-market-transaction-219615.html ParkD Ltd’s (ASX:PKD) non-executive chairman Bronte Howson has demonstrated her confidence in the company’s construction technology strategy by acquiring shares on-market.

On May 1 Howson acquired 67,409 shares and now holds almost 6.34 million shares in an indirect interest.

This transaction follows a series of on-market transactions earlier in the year in which the chairman acquired 128,588 shares.

READ: PARKD non-executive director acquires shares on-market

Last month, non-executive director Robert Martin purchased more than 234,000 shares valued at $28,096 through on-market trades, increasing his holding to 491,123 shares.

The construction technology company has created an innovative modular, multi-storey car park structure called the PARKD Car Park System.

READ: PARKD signs MoU aimed at improving panels used in modular parking systems

PARKD recently signed an MoU aimed at developing, refining and improving a critical concrete panel component of the modular systems.

This non-binding MoU with Reinforced Earth Pty Ltd (REPL) will see the parties work together for co-development and improvements of PARKD’s Transportable Concrete Panels.

At first the collaboration will focus on improving concrete design, production techniques and cost efficiencies with the intention to manufacture and test the panel against a number of industry benchmarks.

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Fri, 03 May 2019 09:16:00 +1000 https://www.proactiveinvestors.com.au/companies/news/219615/parkd-non-executive-chairman-shows-faith-in-company-through-on-market-transaction-219615.html
<![CDATA[News - PARKD signs MoU aimed at improving panels used in modular parking systems ]]> https://www.proactiveinvestors.com.au/companies/news/218986/parkd-signs-mou-aimed-at-improving-panels-used-in-modular-parking-systems-218986.html ParkD Ltd (ASX:PKD) has signed an MoU aimed at developing, refining and improving a critical concrete panel component of the company’s innovative lightweight modular car Parking systems.

The non-binding MoU with Reinforced Earth Pty Ltd (REPL) will see the parties work together for co-development and improvements of PARKD’s Transportable Concrete Panels.

Continuous improvement strategy

At first the collaboration will focus on improving concrete design, production techniques and cost efficiencies with the intention to manufacture and test the panel against a number of industry benchmarks.

PARKD managing director Peter McUtchen said: “This MoU is part of our continuous strategy around refining and improving the PARKD Car Park System.”

REPL designs and supplies innovative engineering structures and reinforced backfill solutions with a focus on sustainability.

The company has completed more than 100,000 projects with the Reinforced Earth system and is a subsidiary of Soletanche Freyssinet, a global leader in soil, structural and nuclear engineering.

McUtchen added: “Reinforced Earth has been extraordinarily successful selling smart engineering solutions through a global delivery framework.

“To potentially be able to tap into this network in the future would be a significant milestone for us.”

If the quality of the product manufactured and supplied by REPL is suitable, both companies expect to proceed to an exclusive agreement whereby REPL will manufacture and supply PARKD’s transportable panels for future projects globally.

READ: PARKD receives $690,000 from City Subaru Perth for first relocatable car park in Australia

This would give PARKD further certainty on price during project design and development stages.

REPL would thus potentially become a key supply chain partner to support PARKD’s domestic and international expansion plans, particularly in the US.

The modular aspect of PARKD’s system and minimising the structural weight provides the ability to relocate the car park or adapt it to parking demands by adding or subtracting to the structural levels.

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Wed, 24 Apr 2019 09:10:00 +1000 https://www.proactiveinvestors.com.au/companies/news/218986/parkd-signs-mou-aimed-at-improving-panels-used-in-modular-parking-systems-218986.html
<![CDATA[News - PARKD non-executive director acquires shares on market ]]> https://www.proactiveinvestors.com.au/companies/news/218384/parkd-non-executive-director-acquires-shares-on-market-218384.html PARKD Ltd’s (ASX:PKD) non-executive director Robert Martin has purchased more than 234,000 shares in the company valued at $28,096 through on-market trades.

This increases his holding in the company to 491,123 shares.

Earlier this month PARKD received $690,000 from City Subaru Perth to purchase the car park built by the company in August last year.

City Subaru decided to purchase the site due to several transformational outcomes demonstrated in the trial period which included an increase in cars being sold and serviced as well as higher levels of customer satisfaction through increased parking availability.

READ: PARKD receives $690,000 from City Subaru Perth for first relocatable car park in Australia

PARKD managing director Peter McUtchen said at the time: “It is great to see City Subaru realise new potential in their business through the construction of the PARKD car system.

“We look forward to exploring and progressing opportunities on further sites around WA and Victoria.”

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Thu, 11 Apr 2019 16:22:00 +1000 https://www.proactiveinvestors.com.au/companies/news/218384/parkd-non-executive-director-acquires-shares-on-market-218384.html
<![CDATA[News - PARKD appoints senior finance executive Len Troncone as CFO ]]> https://www.proactiveinvestors.com.au/companies/news/218100/parkd-appoints-senior-finance-executive-len-troncone-as-cfo-218100.html PARKD Ltd (ASX:PKD) has appointed a senior finance executive with more than 35 years’ experience to the newly created role of chief financial officer (CFO).

Len Troncone has experience in a range of industries including diversified engineering, mining, oil and gas, manufacturing and private investment.

Troncone has also made strong positive contributions to newly listed entities.

PARKD managing director Peter McUtchen said: “We are delighted to have Len join us at this exciting stage of our company’s development.

“We are evaluating a significant number of opportunities and welcome a person with Len’s background and proven experience in delivering shareholder value, particularly in start-up companies.”

READ: Parkd non-executive chairman buys more shares on market

Troncone was instrumental in the development and delivery of shareholder value in the post IPO years at both United Group Limited and Decmil Group Limited, formerly Paladio Group Limited.

In the last six years, he has worked as CFO for a large, private, vertically integrated manufacturing group of companies and played a key role in assisting the owners to monetise their business via a trade sale to an international private equity group.

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Mon, 08 Apr 2019 12:17:00 +1000 https://www.proactiveinvestors.com.au/companies/news/218100/parkd-appoints-senior-finance-executive-len-troncone-as-cfo-218100.html
<![CDATA[Media files - PARKD bolsters leadership team with new chief financial officer appointment ]]> https://www.proactiveinvestors.com.au/companies/stocktube/12903/parkd-bolsters-leadership-team-with-new-chief-financial-officer-appointment-12903.html Mon, 08 Apr 2019 00:20:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/12903/parkd-bolsters-leadership-team-with-new-chief-financial-officer-appointment-12903.html <![CDATA[News - Parkd non-executive chairman buys more shares on market ]]> https://www.proactiveinvestors.com.au/companies/news/217182/parkd-non-executive-chairman-buys-more-shares-on-market-217182.html Parkd Ltd (ASX:PKD) non-executive chairman Bronte Howson has purchased 128,588 shares through on-market trades.

This purchase has increased Howson’s total holding in the company to 6,272,474 ordinary shares (direct and indirect interests).

The construction technology company has created an innovative modular, multi-storey carPark structure called the PARKD Car Park System.

READ: Parkd receives $690,000 from City Subaru Perth for first relocatable car park in Australia

The company recently received $690,000 after the Subaru dealer in Perth, City Subaru, exercised its option to purchase the car park built by Parkd in August last year.

City Subaru decided to purchase the car park due to several transformational outcomes demonstrated in the trial period.

These include an increase in cars being sold and serviced and higher levels of customer satisfaction through increased parking availability.

READ: Parkd adds Mazda dealer to carpark client list with $2 million contract

The swift build time of Parkd’s system has the potential to help companies who have delayed building a multilevel carpark at their sites rein in the loss of income experienced during construction time.

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Tue, 26 Mar 2019 15:19:00 +1100 https://www.proactiveinvestors.com.au/companies/news/217182/parkd-non-executive-chairman-buys-more-shares-on-market-217182.html
<![CDATA[Media files - City Subaru Perth exercises option to purchase bespoke PARKD car park ]]> https://www.proactiveinvestors.com.au/companies/stocktube/12553/city-subaru-perth-exercises-option-to-purchase-bespoke-parkd-car-park-12553.html Tue, 12 Mar 2019 10:02:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/12553/city-subaru-perth-exercises-option-to-purchase-bespoke-parkd-car-park-12553.html <![CDATA[News - Parkd receives $690,000 from City Subaru Perth for first relocatable car park in Australia ]]> https://www.proactiveinvestors.com.au/companies/news/216235/parkd-receives-690000-from-city-subaru-perth-for-first-relocatable-car-park-in-australia-216235.html ParkD Ltd (ASX:PKD) has received $690,000 after City Subaru Perth exercised its option to purchase the car Park built by Parkd in August last year.

City Subaru decided to purchase the car park due to several transformational outcomes demonstrated in the trial period.

These include an increase in cars being sold and serviced and higher levels of customer satisfaction through increased parking availability.

 

Parkd managing director Peter McUtchen said: “It is great to see City Subaru realise new potential in their business through the construction of the PARKD Car Park System.

“We look forward to exploring and progressing opportunities on further sites around WA and Victoria.”

READ: Parkd adds Mazda dealer to carpark client list with $2 million contract

The swift build time of Parkd’s system has the potential to help companies who have delayed building a multilevel carpark at their sites rein in the loss of income experienced during construction time.

McUtchen told Proactive the company had received a phenomenal number of enquiries about its system, from each of its target markets, such as the automotive dealerships that are its initial focus, transport departments, local governments, airport operators and shopping centre groups.

He said that the carparks held appeal for business operators who viewed the six-to-eight months build time of traditional carpark as “unpalatable” down-time.

Parkd’s moveable system can be used for a variety of industries, with the company planning to target residential sectors with its commercialisation strategy.

READ: Parkd to design first transportable carpark for CBD

City Subaru Dealer Principle John Nossiter said: “The construction of the car park was a godsend for our business and has given us the ability to deliver the best customer experience in Perth for Subaru.

“From the start of the design process, PARKD has demonstrated their expertise both in designing, development approvals and most importantly delivering the construction of the carpark with minimal disruption to my dealership.”

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Mon, 11 Mar 2019 20:47:00 +1100 https://www.proactiveinvestors.com.au/companies/news/216235/parkd-receives-690000-from-city-subaru-perth-for-first-relocatable-car-park-in-australia-216235.html
<![CDATA[News - PARKD’s Bob Freedman buys $37,500 worth of shares ]]> https://www.proactiveinvestors.com.au/companies/news/215871/parkds-bob-freedman-buys-37500-worth-of-shares-215871.html ParkD Ltd (ASX:PKD has had its non-executive director Robert Freedman purchase 250,000 shares in the company for $37,500.

The shares were purchased through on-market trades.

READ: PARKD strengthens board by appointing experienced non-executive director

PARKD is a construction technology company that has created an innovative modular, multi-storey carpark structure called the PARKD Car Park System.

With only three primary elements, which are pre-fabricated off-site, the system can offer faster build times and reduced costs when compared to traditional concrete car parks.

PARKD has intellectual property rights to aspects of an innovative lightweight concrete 'modular' car parking system.

The modular aspect of the system minimising structural weight and provides the ability to relocate the car park or adapt it to parking demands by adding or subtracting to the structural levels.

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Wed, 06 Mar 2019 13:32:00 +1100 https://www.proactiveinvestors.com.au/companies/news/215871/parkds-bob-freedman-buys-37500-worth-of-shares-215871.html
<![CDATA[Media files - Parkd stepping in to help solve Australia's growing vehicle storage problem ]]> https://www.proactiveinvestors.com.au/companies/stocktube/12407/parkd-stepping-in-to-help-solve-australia-s-growing-vehicle-storage-problem-12407.html Fri, 01 Mar 2019 10:33:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/12407/parkd-stepping-in-to-help-solve-australia-s-growing-vehicle-storage-problem-12407.html <![CDATA[News - PARKD strengthens board by appointing experienced non-executive director ]]> https://www.proactiveinvestors.com.au/companies/news/215472/parkd-strengthens-board-by-appointing-experienced-non-executive-director-215472.html PARKD Ltd (ASX:PKD) has strengthened its board through the appointment of Robert Martin, who has more than 20 years of experience in the mining services, supply chain and capital market sectors.

The new non-executive director's appointment is effective on March 1, 2019.

With PARKD's rich and growing pipeline of customer inquiries, the company says the appointment will assist its efforts to prioritise and convert these opportunities with a key focus on contract negotiation and assisting with geographic expansion.

Experience will be "invaluable”

PARKD’s managing director Peter McUtchen said: “Rob presents a proven entrepreneurial and commercial skillset that will be invaluable in the rapid growth phase in front of the company and maximising supply chain efficiencies.”

Before joining PARKD’s board of directors Martin operated a highly successful mining services company which became a leading provider of products and services to the mining industry and operated globally with offices across Australia and internationally.

After seven years of growth-on-growth revenue, profitability and expansion into multiple countries, this company was acquired by a prominent Perth business for an undisclosed multi-million dollar sum.

“Looking forward to the opportunity”

Martin said: “PARKD is a fantastic business with its deep pool of talent, innovative technology and developing pipeline.

“I am looking forward to the opportunity to work with Peter and the board to help lead the group through the next stages of its growth cycle.”

READ: PARKD adds Mazda dealer to carpark client list with $2 million contract

PARKD has intellectual property rights to aspects of an innovative lightweight concrete 'modular' car parking system.

The modular aspect of the system minimising structural weight and provides the ability to relocate the car park or adapt it to parking demands by adding or subtracting to the structural levels.

- Jessica Cummins

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Wed, 27 Feb 2019 22:35:00 +1100 https://www.proactiveinvestors.com.au/companies/news/215472/parkd-strengthens-board-by-appointing-experienced-non-executive-director-215472.html
<![CDATA[News - Parkd adds Mazda dealer to carpark client list with $2 million contract ]]> https://www.proactiveinvestors.com.au/companies/news/207983/parkd-adds-mazda-dealer-to-carpark-client-list-with-2-million-contract-207983.html Parkd Ltd (ASX:PKD) has secured another transportable carPark win in Western Australia, signing a contract to build a carPark for the Bayswater Mazda caryard near Perth Airport.

The Australian-listed company said the three-storey carPark contract was worth $2 million, with the structure to include about 190 bays.

READ: Parkd to design first transportable carPark for CBD

Payments would be staged with the first $150,000 sum to be for construction while the remaining $1.85 million would be paid for construction of the Guildford Road carPark.

Construction work is tipped to start in the June 2019 financial quarter, with design and documentation work to begin immediately.

 

 

Parkd managing director Peter McUtchen said: “With the significant levels of enquiry from the automotive retail sector we are very pleased to announce the signing of this contract.

Bayswater Mazda dealer principal Peter Merks said “We are very excited for this opportunity to further grow Bayswater Mazda with the assistance of Parkd.

“The innovation and expertise behind Parkd is a true demonstration of the future of smart building and we are delighted to be part of a revolutionary project.”

READ: Parkd lays foundation for the rollout of transportable carparks

The Mazda dealership is owned by the largest privately-owned car distribution group in Singapore, Eurokars Group, which is owned by the group’s executive chairman Karsono Kwee.

Parkd’s leader McUtchen focused on the potential for the parties to expand upon their relationship.

McUtchen said: “Eurokars have a clear vision of the unique opportunities the Parkd carpark system can offer their dealership.

“This project also presents further opportunity for Parkd to broaden its relationships with Eurokars in the Southeast Asia region.”

Parkd signalled the Mazda deal had fully transformed it into a commercial operation “focused on converting the strong pipeline of enquiry and proposed contracts.”

Car dealers are one of Parkd’s key market segments for its transportable carparks.

READ: Parkd turns to shareholders ahead of carpark milestone

Eurokars has Porsche, Roll-Royce, Maserati, MINI, BMW, McLaren and Mazda dealerships in Singapore, China, Indonesia and Australia.

The group also holds regional distribution rights for 3M in Indonesia.

Parkd’s modular carparks can take in six storeys, including a ground level, being prefabricated off-site to reduce the down-time for a business commissioning a new carpark.

The company last month signed a contract to provide design services to Vector Management for a $9 million, 389-bay multi-storey carpark in Perth’s central business district.

Parkd built a carpark for City Subaru across the Swan River from Perth’s CBD in Victoria Park in the September quarter, another milestone event for the company.

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Sun, 28 Oct 2018 23:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/207983/parkd-adds-mazda-dealer-to-carpark-client-list-with-2-million-contract-207983.html
<![CDATA[News - Parkd to design first transportable carpark for CBD ]]> https://www.proactiveinvestors.com.au/companies/news/204582/parkd-to-design-first-transportable-carpark-for-cbd-204582.html Parkd Ltd (ASX:PKD) has extended its reach to Perth’s central business district after signing a contract to provide transportable carPark design services to Vector Management for a $9 million multi-storey carpark that would feature 389 bays.

The Perth-based company recently built its first transportable for Perth’s City Subaru across the Swan River from Perth’s CBD in Victoria Park.

 

Claremont-based Parkd views the design contract as another milestone for the company after it completed the Subaru carpark ahead of schedule last month.

Parkd managing director Peter McUtchen said today: “We are very excited to commence works with Vector Management who are planning, as a syndicate, to use our expertise and the Parkd Car Park System, to exercise underutilised inner-city property.

READ: Parkd Turns to shareholders ahead of carpark milestone

“It is great to see the property sector recognise the unique opportunities presented by our system that is extremely quick to construct and can be relocated in the future.”

The company will be paid a design fee, with the estimated value of project being $9 million if it goes ahead.

READ: Parkd lays foundation for the rollout of transportable carparks

Parkd reported: “The Perth inner city car park is planned to operate for an extended period of time before a potential real estate development is constructed, illustrating how the company’s technology can provide revenue streams from vacant sites and increase parking capacity within inner city locations across Australia.”

Vector hopes to lead a syndicate for developers hoping to use Parkd’s systems on dormant properties to maximise revenue and open up revenues for the group and leaseholders of commercial land.

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Mon, 10 Sep 2018 22:44:00 +1000 https://www.proactiveinvestors.com.au/companies/news/204582/parkd-to-design-first-transportable-carpark-for-cbd-204582.html
<![CDATA[Media files - Parkd Ltd approaching debut project completion, with over $100m of new enquiries ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10130/parkd-ltd-approaching-debut-project-completion-with-over-100m-of-new-enquiries-10130.html Wed, 15 Aug 2018 17:00:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/10130/parkd-ltd-approaching-debut-project-completion-with-over-100m-of-new-enquiries-10130.html <![CDATA[News - Parkd Ltd turns to shareholders ahead of carpark milestone ]]> https://www.proactiveinvestors.com.au/companies/news/201097/parkd-ltd-turns-to-shareholders-ahead-of-carpark-milestone-201097.html Parkd Ltd (ASX:PKD) has launched a non-renouncement rights offer with the aim of raising $187,875.

The company, which expects to finish constructing its first transportable carpark in less than a month, is inviting shareholders to participate in the rights issue at an issue price of 1 cent.

Shareholders must be on the company’s register by next Tuesday.

READ: Parkd lays foundation for the rollout of transportable carparks

The offer entitles shareholders to purchase one option for every four shares held, with the differed settlement trading to start on August 20 before the August 24 issue date.

The company’s share price is sitting at 16 cents early afternoon after trading at up to 17.5 cents.

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Wed, 18 Jul 2018 23:07:00 +1000 https://www.proactiveinvestors.com.au/companies/news/201097/parkd-ltd-turns-to-shareholders-ahead-of-carpark-milestone-201097.html
<![CDATA[News - Parkd lays foundation for the rollout of transportable carparks ]]> https://www.proactiveinvestors.com.au/companies/news/200738/parkd-lays-foundation-for-the-rollout-of-transportable-carparks-200738.html Parkd Ltd (ASX:PKD) has laid the foundations at what will be its first transportable carPark in Australia, with the total build time to come in at just 14 weeks.

The Western Australian company started work on May 4 and has installed prefabricated structural components on-site over the past 10 weeks.

Parkd expects to take another four weeks to build the City Subaru carpark in Victoria Park, on the outskirts of Perth’s inner city, shaving months off the build time of a typical carpark.

A milestone event

The Claremont-based company called the assembly stage of the Subaru carpark a significant milestone for Parkd.

Assembly activities to take place over the next month will include the installation of precast concrete and steel columns to which workers will attach Parkd’s Continuously Voided Beams (CVBs).

Construction workers will install lightweight steel and concrete slabs between the CVBs.

First in Australia

Parkd reported that once the structural elements were in place at City Subaru it would be the first time the technology had been used in the country for carpark design and construction.

The Subaru car dealership will be able to increase available parking at its causeway site while maximising the revenue it takes from its land.

Subaru can also send the carpark to another site down the track, to reuse the materials in a new location.

‘Disrupting’ construction

Parkd managing director Peter McUtchen told Proactive Investors the company’s modular carpark system had structural strength, performed well and could be moved around with standard transport.

“What we’re doing is disruptive to the way things are done in construction,” the structural and civil engineer of 15 years said.

The former Concrete Institute of Australia president said the company’s systems could be built and installed quickly — in two or three months — for about 20-30% of the cost of traditional carparks, which often took six months to eight months to construct.

He said Parkd had started constructing its system at the Subaru dealership in early May.

The company expects the build will take another four weeks, putting total construction time at 14 weeks.

Parkd’s systems are designed over a period of about four weeks and take a swift six weeks or so to manufacture before being ready for installation.

The company’s competitive costing figures include all activities - labour, transport, craneage - and are a significant drawcard to companies wanting to minimise downtime.

Quick appeal

The swift build time of Parkd’s system has the potential to help companies who have delayed building a multilevel carpark at their sites rein in the loss of income experienced during construction time.

McUtchen told Proactive the company had received a phenomenal number of enquiries about its system, from each of its target markets, such as the automotive dealerships that are its initial focus, transport departments, local governments, airport operators and shopping centre groups.

He said that the carparks held appeal for business operators who viewed the six-to-eight months build time of traditional carpark as “unpalatable” down-time.

Parkd’s moveable system can be used for a variety of industries, with the company planning to target residential sectors with its commercialisation strategy.

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Fri, 13 Jul 2018 02:54:00 +1000 https://www.proactiveinvestors.com.au/companies/news/200738/parkd-lays-foundation-for-the-rollout-of-transportable-carparks-200738.html