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.
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.
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.