Shares of construction technology company PARKD (ASX:PKD) experienced an uptick of as much as 28.6%, surging to A$0.027, a peak level not seen since Aug 16.

The rise is attributable to an exclusivity agreement signed with Fielders Steel Roofing, a division of BlueScope Steel.

According to PARKD, the agreement revolves around the licencing of the firm’s Metal Deck Support System.

Notably, this marks the company’s most significant intraday percentage gain since June 20.

However, it should be noted that overall, PARKD’s stock has seen a decrease of 4.6% this year, as of the last close.

PARKD is a construction technology company that specializes in the development of innovative parking solutions.