NEWS RELEASE

Issued on behalf of Flowtech Fluidpower plc

Wednesday, 18 June 2025

FLOWTECH FLUIDPOWER PLC

("Flowtech" or "the Company")

Flowtech wins contract for extensive bridge upgrade project in Waterford City

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Flowtech is delighted to announce a contract win to upgrade Rice Bridge in Waterford City, Republic of Ireland.  The overall value of the project is €4.5m.

Originally tendered in late 2024, the contracts were officially signed on 13 June 2025 in the presence of the Mayor of Waterford City and County, Cllr. Jason Murphy, Mary Butler TD, Government Chief Whip and Minister of State for Mental Health, and John Cummins TD, Minister of State for Local Government and Planning.

From Flowtech, alongside CEO Mike England were Ciarán Hallinan, Stephen Raper, Maurice Kearney, and Jonathan Padgett, who all played an integral part in bringing this new project to fruition.

Crucial Rehabilitation Project

First opened in 1984, Rice Bridge itself is a vital piece of infrastructure that helps support transportation networks, carrying thousands of vehicles daily and assisting with local commerce routes, public transport, and emergency services.

It is also a well-loved landmark, named after Edmund Ignatius Rice, founder of the Christian Brothers and a pioneer in Catholic education.

Unfortunately, the electrical and mechanical components have become vastly out of date in the past four decades and are in serious need of an upgrade. Flowtech will embark on upgrading the MEICA (Mechanical, Electrical, Instrumentation, Control, and Automation) systems over the next 15 months, plus an extra 12 months to pick up any snags.

The contract work is being funded on a multi-annual basis - with an allocation of €1.5m in 2025 - under the Strategic Grant category for local and regional roads with the specific objective of funding fund a variety of projects, including bridge repairs, junction reconfigurations and initiatives to reduce traffic congestion in towns.

Mike England, CEO at Flowtech, commented:

"This crucial rehabilitation project is a proud moment for everyone in Flowtech - huge congratulations to all the teams involved to date. It was a privilege for us to be signing the contract in person and committing to this exciting upgrade for Rice Bridge.

"Our extensive experience in bridge design and repair makes Flowtech the perfect match for this project, and I look forward to seeing what our superb engineering teams can accomplish over the next two years."

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Read the full press release from Waterford City Council here.

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