TORONTO, June 20, 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 (the “Order”) to install a smart turnkey blueberries irrigation project in Ethiopia. This is the second phase of a project started in 2020 that was delayed due to the political turmoil in Ethiopia. The Order is expected to be delivered and installed during Q3 of 2022. The total expected revenue from the Order is approximately C$200,000 which the Company expects to recognize during Q3 of 2022.
Ohad Haber, Chairman and Chief Executive Officer, commented: “Our business in Ethiopia is growing again. Blueberries smart irrigation is becoming a major growth factor for Water Ways around the world.”
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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