TORONTO, Dec. 22, 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 the 2022 order backlog of its Canadian subsidiary, Heartnut Grove WWT Inc., based in Mt. Brydges Ontario, exceeded CAD$4.1M as of December 22, 2021. The orders are for agricultural and irrigation supplies and end-user farmers.
The orders on hand are to be delivered and revenue will be recognized in Q1 and Q2 of 2022.
Ohad Haber, Chairman and Chief Executive Officer, commented, “Our Canadian subsidiary is experiencing substantial growth. Our Canadian subsidiary 2021 backlog is significantly higher than what we received in the end of 2020. “
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/827c8dd5-bf53-4e73-a1ea-0fe576b5fbca
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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