Water Ways Receives Fourth Apple Grove Smart Irrigation System Order in Canada
13 March 2024 - 12:34AM
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
Canadian subsidiary, Heartnut Grove WWT Inc. ("WWT CANADA"), based
in Mt. Brydges, Ontario, received a fourth order to design and
construct a complete smart irrigation and fertigation project. The
project will be delivered to a field of 75 hectares (about 300
acres) growing apples in southern Ontario. The project with a value
of over CAD$500,000 will use the latest drip irrigation technology
and is designed by Water Ways' engineers. WWT Canada expects to
deliver and install the project in Q3 of 2024. Down payment is
expected to be received in Q2 2024 and the balance after
installation and delivery.
Ohad Haber the Company's Chairman and CEO
commented: "This a reoccurring order from an existing client. The
client is growing his business in apples and we are growing with
him."
About Water Ways
TechnologiesWater 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, Blueberry,
Medical Cannabis growers, fresh produce cooling rooms and more, in
over fifteen countries.
For more information, please contact
Ronnie JaegermannDirectorT: +972-54-4202054E:
ronnie@waterwt.com |
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Dor SnehCFOT: +972-54-6512500E: dor@irri-altal.com |
|
Dr. Eva ReuterInvestor Relations - Germany +49 69 1532 5857E:
e.reuter@dr-reuter.eu |
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https://www.water-ways-technologies.com/https://www.hg-wwt.com/Twitter:
@WaterWaysTechn1 |
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adequacy or accuracy of this release.
Forward-Looking
StatementsCertain statements contained in this press
release constitute "forward-looking information" as such term is
defined in applicable Canadian securities legislation. The words
"may", "would", "could", "should", "potential", "will", "seek",
"intend", "plan", "anticipate", "believe", "estimate", "expect" and
similar expressions as they relate to Water Ways. All statements
other than statements of historical fact may be forward-looking
information. Such statements reflect Water Ways' current views and
intentions with respect to future events, and current information
available to Water Ways, and are subject to certain risks,
uncertainties and assumptions. Material factors or assumptions were
applied in providing forward-looking information. Many factors
could cause the actual results, performance or achievements that
may be expressed or implied by such forward-looking information to
vary from those described herein should one or more of these risks
or uncertainties materialize. Should any factor affect Water Ways
in an unexpected manner, or should assumptions underlying the
forward-looking information prove incorrect, the actual results or
events may differ materially from the results or events predicted.
Any such forward-looking information is expressly qualified in its
entirety by this cautionary statement. Moreover, Water Ways does
not assume responsibility for the accuracy or completeness of such
forward-looking information. The forward-looking information
included in this press release is made as of the date of this press
release and Water Ways undertakes no obligation to publicly update
or revise any forward-looking information, other than as required
by applicable law. Water Ways' results and forward-looking
information and calculations may be affected by fluctuations in
exchange rates and its own share prices. All figures are in
Canadian dollars unless otherwise indicated.
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