TORONTO, Nov. 18, 2021 (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 its wholly owned Canadian subsidiary, in Mt. Brydges Ontario, received several orders for aggregate proceeds of CAD$1.65M from existing and new customers in Canada to deliver agricultural supplies.
The orders are to be delivered in Q1 and Q2 of 2022 and revenue is expected to be recognized in the same quarters.
Ohad Haber, Chairman and Chief Executive Officer, commented, “Our Canadian subsidiary is experiencing substantial growth in 2021 and our outlook for 2022 is extremely positive.”
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 worldwide irrigation water systems market, focusing on developing solutions with commercial applications in the micro and precision irrigation segments of the overall market. At present, Water Ways Technologies’ primary revenue stream is 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 intelligent irrigation. The Company also produces a positive mark on society by making these technologies more widely available, particularly 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 orchids, blueberries, medical Cannabis, fresh produce cooling rooms and more.
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