TORONTO, May 20, 2021 (GLOBE NEWSWIRE) — Water Ways Technologies Inc. (TSXV: WWT) (“Water Ways” or the “Company“), is pleased to announce that its Chinese subsidiary (of which the Company hold a 73% interest indirectly) has received orders for two projects with a value of approximately CAD$180K to be delivered in the first half of 2021. The projects are:
- Planning, supply and installation of an advanced net house, trellising and smart irrigation system of a Passion Fruit Orchard; and
- A pilot project for an advanced net house combined with a drip irrigation system for a Cherry Orchard.
Ohad Haber, President, CEO and Chairman of the Board of Water Ways, commented: “Our investment in the Chinese market continues, we are building a new market for Water Ways by planning and delivering systems that combine smart net houses, trellising and smart irrigation for higher valued crops.“
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5bb5a7ee-7d7e-48ad-adaa-dc8b54bb4d25
About Water Ways Technologies
Water Ways Technologies Inc., through its subsidiaries, is a global provider of Israeli-based agriculture technology, providing water irrigation solutions to agricultural producers. Water Ways Technologies 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, Water Ways Technologies’ main revenue streams are derived from the following business units: (i) Projects Business Unit; and (ii) Component and Equipment Sales Unit. Water Ways Technologies 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. Water Ways Technologies irrigation projects include vineyards, Cotton fields, Apple and Orange orchards, Blueberries, Medical Cannabis, fresh produce cooling rooms and more, in over 15 countries.
For more information, please contact
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