TORONTO, March 25, 2021 (GLOBE NEWSWIRE) — Water Ways Technologies Inc. (TSXV: WWT) (“Water Ways” or the “Company“), is pleased to announce that its Chinese subsidiary, IRRI-ALTAL (Shanghai) Agriculture Technology Company Limited (“IRRI-ALTAL (Shanghai)“), has received orders for the following two projects with a value exceeding CAD$750K to be delivered in the second and third quarters of 2021.
- Planning, supply and installation of an advanced net house, trellising and irrigation system for a 13.5 hectare apple orchard in the Shandong Province.
- Planning, supply and installation of an advanced irrigation and fertigation system for a 11.5 hectare apple orchard in the Shanxi Province.
Ohad Haber, President, CEO and Chairman of the Board of Water Ways, commented: “2021 has started with strong sales in China after our subsidiary, IRRI-ALTAL (Shanghai), delivered three projects in 2020. I am confident that we will see additional orders and further growth in the next months in China.“
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.
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