Flowtech Fluidpower (LSE:FLO) has been awarded a €4.5 million contract to modernize the Rice Bridge in Waterford City, Ireland. The project will focus on replacing the bridge’s aging mechanical and electrical systems—critical components for ensuring the safety and efficiency of a key transportation route that supports regional trade and mobility. Scheduled to run for 15 months with a 12-month follow-up period for defect resolution, the initiative is financed under a Strategic Grant program aimed at upgrading regional and local road infrastructure.

While the company faces ongoing financial headwinds, particularly in terms of revenue consistency and profitability, its strategic acquisitions may position it for long-term growth and broader market penetration. Technical analysis indicates positive short-term momentum, though concerns remain around overall valuation. Nevertheless, its dividend yield continues to offer some appeal to value-focused investors.

About Flowtech Fluidpower

Flowtech Fluidpower is an engineering services provider specializing in the design, maintenance, and repair of mechanical, electrical, instrumentation, and automation systems. The company has a strong focus on infrastructure projects, including bridges and transport-related systems, delivering bespoke technical solutions to support public and private sector clients.