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PARKD LTD - Corporate Spotlight

Offering a revolutionary Car Park Structural Solution - PARKD is an Australian modular... Offering a revolutionary Car Park Structural Solution - PARKD is an Australian modular construction solution to the older, costly and dysfunctional carpark model. Consists of 3 primary pre-fabricated elements, the system offers faster build times, reduced construction costs and extensive flexibility.More

Corporate Spotlight

Offering a revolutionary Car Park Structural Solution - PARKD is a Australian modular construction solution to the older, costly and dysfunctional carpark model. Consists of 3 primary pre-fabricated elements, the system offers faster build times, reduced construction costs and extensive flexibility.
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PKD TECH OFFERS SUSTAINABLE CONSTRUCTION SOLUTION

PKD RECIEVES $50K CONTRACT FROM SRLA

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PARKD (ASX:PKD) receives $50k contract from SRLA

Industrial

ASX:PKD
PARKD (ASX:PKD) receives $50k contract from SRLA

  • Construction technology company PARKD (PKD) receives a $50,00o contract from Suburban Rail Loop Authority (SRLA)
  • Under the contract, PARKD will work collaboratively with SRLA's project team to deliver stage one of the Suburban Rail Loop
  • Consisting of a 90-kilometre orbital rail line, the Suburban Rail Loop is the biggest infrastructure investment undertaken in Victoria
  • It will connect every major train line to improve access to housing, hospitals and schools as well as ease congestion

Construction technology company PARKD (PKD) has been awarded a $50,000 contract from Suburban Rail Loop Authority (SRLA).


Under the contract, PARKD will work collaboratively with SRLA's project team to deliver stage one of the Suburban Rail Loop.


Consisting of a 90-kilometre orbital rail line, the Suburban Rail Loop is the biggest infrastructure investment undertaken in Victoria.


Once completed it will connect every major train line from the Frankston line to the Werribee line, via the airport, to improve access to housing, hospital and schools in Melbourne's middle suburbs.


Three transport hubs will then be created at Clayton, Sunshine and Broadmeadows to connect regional services to the suburban loop.


The overall aim of this loop is to ease congestion and take pressure off the transport network.


Stage one will provide a connection between Melbourne's southeast between Box Hill and Cheltenham, as well as enhance areas around six new stations.


The SRLA is responsible for overseeing and delivering the rail loop on behalf of the State of Victoria.


Read the Full Article on The Market Herald here

PKD DRIVES FUTURE CONSTRUCTION MOVEMENT

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PARKD (ASX:PKD) drives construction movement of the future



  • Construction technology company PARKD (PKD) is making tactile strides into the future of construction championing sustainability and smart supply chains
  • The ASX-lister believes its patented parking infrastructure can withstand the growing sustainability challenges facing the construction industry
  • PKD says its existing infrastructure can be reused in entirely different projects, while it keeps building materials to a minimum
  • The company says it streamlines its process further by producing building materials, which are ready for assembly on site, ahead of time
  • PKD maintains these methods allow it to deliver much-needed multi-storey car park solutions to the institutions that need them most

Construction technology company PARKD (PKD) is making tactile strides into the future of construction championing sustainability and smart supply chains.


As it continues to expand, PKD said it had already found its niche in a sector calling out for modern approaches and innovation.


Having already cornered the market as one of the leading construction technology players on the ASX, PKD added that its method could withstand the increasing sustainability challenges confronting the industry.


"PARKD is about this movement forward into the future of construction."

PARKD Chief Executive Officer, Peter McUtchen


Sustainable infrastructure


No longer viewed as just an additional upside, sustainability is now a fundamental element in a business’s social responsibility strategy.


The expectations for most established companies to review their environmental practices have been raised significantly in recent years.


All industries are expected to assess and address their impact, with the construction industry — which is estimated to have produced 20.4 million tonnes of waste in 2017 — being no exception.


The Infrastructure Sustainability Council of Australia (ISCA) describes sustainable infrastructure as that which is "designed, constructed and operated to optimise environmental, social and economic outcomes of the long term”.


While some construction and demolition waste is unavoidable, PKD believes it operates in accordance with the ISCA's definition by virtue of patented approach.


PKD's parking architecture blueprint uses an accurate list of building materials, which minimises the chance of accumulating surplus materials. This has the added benefit of lowering costs.


Furthermore, PKD says the materials used in its building projects are completely reusable as they can be disassembled and utilised in a different project.


"We can reuse this structure pretty much down to the nuts and bolts of it - you can take it apart like Lego and use it somewhere else."

PARKD Chief Executive Officer, Peter McUtchen


This means, for example, that a temporary car park could go from a university or hospital to being used as a storage facility or a mezzanine level in an existing warehouse.


PKD said its method fully optimised a structure that shouldn't have to be built time and time again.


....continues


Read the Full Article on The Market Herald here

PKD: OUTSMARTING THE PACK WITH IT'S TECH

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PARKD: (ASX:PKD) the construction technology player outsmarting the pack

ASX:PKD

  • ASX-lister PARKD (PKD) believes it has cultivated a solutions-driven take on the parking construction industry
  • PKD brings a patented methodology to the table, which can create parking infrastructure three times faster and 20 per cent cheaper than a typical building company
  • PARKD explains its designs also offer future flexibility, with clients able to add or remove floors, complete extensions or relocate the infrastructure altogether
  • This arguably more efficient approach is something PKD sees as a tangible turnkey solution for local, state and federal government contracts


Firmly grounded by a solid business foundation, ASX-lister PARKD (PKD) believes it has cultivated a solutions-driven take on the parking construction industry.


If asked, one could reel off countless issues facing the parking industry, but it takes more than just acknowledging a problem to fix it.


Instead of becoming another builder in an already diluted market, PARKD enters the fore with a patented, scalable, cost and time effective parking infrastructure design process that it said can be reproduced anywhere in the world.


This solution is not just reserved for permanent car parks, but temporary ones as well, an acknowledgement by the company of the shifting needs of our growing population.


This industrial player makes one thing definitively clear; it is not just another construction company but rather a solutions-based business.


More than bricks and mortar


More goes into constructing a car park than first impressions might reveal.


The process is often, however, and perhaps in some cases rightly so, viewed as clunky or an afterthought to most familiar infrastructures.


PARKD's point of difference is that it's not just there to treat a symptom of the problem by building more car parks in this same way, but is instead offering what it describes as a leading method of construction for permanent and temporary parking infrastructure that is faster and cheaper than its competitors.


The ASX-lister first exhibited its capacity as a construction technology business when it began creating permanent and temporary car park storage solutions for car dealerships before pivoting to larger and more lucrative markets.


PARKD has since set its sights on essential "low-risk" industries, including hospitals and universities, with a keen eye on securing local state and federal government contracts.


The company argues these services, regardless of how far public transport develops, will always require car parks.

Parking is a major issue in Australia and worldwide. And while we know that public transportation budgets are growing in hopes of solving these issues, we are still going to need our cars to drive to the train, to hospitals, to university and to the shopping centres.

PARKD Executive Director Peter McUtchen.

Read the Full Article on The Market Herald here



PKD TO TRANSFORM CURRENT PARKING MODEL

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PARKD’s (ASX:PKD) low-cost solution promises to transform the current parking model

ASX:PKD    
PARKD’s (ASX:PKD) low-cost solution promises to transform the current parking model

  • Of all the industries ripe for a sweeping overhaul, the car parking sector is certainly up there
  • The number of registered vehicles in Australia has doubled over the last 20 years, but the availability of public car parks has failed to mirror the increase
  • Enter PARKD — the construction technology company that’s developed a concrete modular, multi-storey car park structure known as the PARKD Car Park System
  • The system features only three primary concrete elements, all of which are prefabricated off-site and offer significantly faster build times for less money
  • It can also be designed with a range of add-ons, including electric vehicle charging, rooftop spaces for markets, and recreation or childcare services
  • Australia is the most expensive country in the world in terms of car parking prices, and one of the company’s major goals for 2021 is to establish and operate its own low-cost car park

Of all the industries ripe for a sweeping overhaul, the car parking sector is certainly up there. Every day, thousands — perhaps millions — of us leave our vehicles at shopping centres, office buildings and public transport hubs in much the same way that we have for decades. Cars have developed enormously in that time, but our methods of short-term vehicular storage have demonstrated a unique ability to resist any major degree of change.


It’s even more perplexing given that the number of registered vehicles in Australia has doubled over the last twenty years. Add to that Australia’s ever-growing population (an additional person every four minutes and 47 seconds, to be exact), and it would seem that a parking-related crisis is not too far away.


Federal and state governments have been pouring massive amounts of time, energy and money into improving the public transport sector. But, for a lot of people, the hassle of catching buses and trains falls immeasurably short of the convenience offered by cars.

“Most people would be happy to use public transport if it went from near where they are to near where they wanted to go, quickly and regularly,” said former Prime Minister Tony Abbott in 2009.


Likewise, Peter Martinovich, Executive Director of Infrastructure Planning and Land Services at Western Australia’s Public Transport Authority, said the convenience of the motor car has historically been absolutely paramount.


“If we’re building new public transport, we must design it to compete with the motor car and be better. Otherwise, don’t bother building it at all,” he added.


In NSW, the government’s Parking Space Levy (PSL) aims to reduce congestion in key business districts across Sydney and bring more people to public transport by funding roughly $100 million worth of improvements to essential infrastructure, including commuter car parks and interchanges.


In May 2019, the Victorian Government also unveiled a Regional Car Parks Fund under which $30 million would be invested to deliver new car spaces in Ballarat and the Latrobe Valley.


The coffers are clearly full and, for an entity with the right offering, there exists an undeniably significant opportunity.


Enter PARKD — the Perth-based construction technology company that’s developed a concrete modular, multi-storey car park structure known as the PARKD Car Park System that minimises both disruption and expenses.


Touted as a solution to the parking shortages of inner-city Australia, the system features only three primary concrete elements, all of which are prefabricated off-site and offer significantly faster build times for less money.


As a result, the preferred solution to the burgeoning parking crisis — expanding outwards — is replaced by a new, much more viable ability to build upwards, saving increasingly precious space in the process.


Central to the solution offered by PARKD is its ultra-rapid build times and future flexibility — that levels can be added or removed in response to changing levels of demand. In fact, the PARKD Car Park System can be disassembled entirely and erected elsewhere in a matter of days. 


“Build for now and flex for the future” is something they believe is more important now than ever before. According to PARKD’s Managing Director Peter McUtchen, “all of our current designs include an element of reuse or repurpose because our clients believe the future for parking demand is uncertain.” 


Not only that, but the system can be designed with a range of add-ons to enhance community amenities, including electric vehicle charging, rooftop spaces for markets, recreation or childcare services, drone delivery facilities, and ride share zones — even infrastructure to harvest rain and solar energy.


Of course, there’s also a financial component. According to Parkopedia’s 2019 Global Parking Index, the average price per day for off-street parking in Australia amounted to $43.98 — a 6.6 per cent increase from 2017. This makes Australia, and particularly Brisbane, the most expensive country when it comes to parking, well ahead of Switzerland and Hong Kong, which come in at second and third. 


While CBD parking is the golden goose for many landowners and operators, there are even more enticing opportunities in the health and university sectors where there is a growing demand for the leasing of car parks for periods of up to 40 years. As a result, there’s a major opportunity for PARKD to cash in on what could be considered a looming ‘parking boom’, and one of the company’s major goals for 2021 is to establish and operate their own car park through “build, own, operate and transfer” arrangements that could lead to dividend outcomes for its investors.


In the age of bitcoin and artificial intelligence, parking might seem an odd investment choice. But, with the COVID-driven market turbulence showing signs of abatement, it’s the stocks poised to do well with a reopening economy that have investors excited.


Read the Full Article on The Market Herald here

VIDEOS

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PKD transforms construction technology



PKD disrupting the $1.2b parking industry



PKD (ASX PKD) Parkd Limited-Capital Raise


ABOUT PARKD

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PARKD ltd is an ASX listed construction technology company that has developed an innovative lightweight concrete modular car parking system. 


The PARKD Car Park System was developed by the founders of the business after identifying a niche market for a flexible structure that has the ability to be cost effective, reusable and easy to construct for use initially in the retail car dealership industry.

The Company was incorporated in October 2016 after the successful development of an engineered modular solution designed specifically for parking structures. The Company’s intellectual property rights surround aspects of the innovative lightweight concrete “modular” components.


These components minimise the structural weight and provide the ability to relocate the car park or adapt it to parking demands by adding or subtracting to the structural levels of the car park. The structure of the PARKD Car Park System is also compliant in terms of strength, serviceability and stability with relevant Australian Standards and established engineering principles (for elements not covered by Australian Standards). 



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