In This Article:
Smart Irrigation - Blueberries
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TORONTO, April 21, 2022 (GLOBE NEWSWIRE) -- Water Ways Technologies Inc. (TSXV: WWT) (FRA: WWT) ("Water Ways" or the "Company"), a global provider of Israeli-based agriculture technology, providing water irrigation solutions to agricultural producers, announces that it has received a new purchase order to install a smart turnkey blueberries irrigation project in Mexico. The project is expected to be delivered and installed during Q3 of 2022. The total value of the order is approximately C$425,000. The order followed the successful implementation of several blueberries irrigation projects in China and Mexico. The Company expects to recognize revenues from the project during Q3 of 2022.
Ohad Haber, Chairman and Chief Executive Officer, commented: "I am pleased to receive a second order for the Blueberries smart irrigation system in less than a year in Mexico. We are developing a reputation for being a leader in delivering irrigation systems that are tailor-made for enhancing yield and crop quality for high value crops. Blueberries irrigation is becoming a growth factor for our worldwide business and this is the fifth project we are delivering in the last two years."
About Water Ways Technologies Inc.
WWT through its subsidiaries, is a global provider of Israeli-based agriculture technology, providing water irrigation solutions to agricultural producers. WWT competes in the global irrigation water systems market with a focus on developing solutions with commercial applications in the micro and precision irrigation segments of the overall market. At present, WWT’s main revenue streams are derived from the following business units: (i) Projects Business Unit; and (ii) Component and Equipment Sales Unit. WWT is capitalizing on the opportunities presented by micro and smart irrigation, while also making a positive mark on society by making these technologies more widely available, especially in developing markets such as Africa and Latin America and developed markets such as China and Canada. WWT’s irrigation projects include vineyards, Cotton fields, Apple and Orange orchards, Blueberry, Medical Cannabis growers, fresh produce cooling rooms and more, in over fifteen countries.
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| Ronnie Jaegermann | Dor Sneh | Dr. Eva Reuter |
| Director | CFO | Investor Relations - Germany |
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