10:50:54 EDT Thu 09 May 2024
Enter Symbol
or Name
USA
CA



Water Ways Technologies Inc
Symbol WWT
Shares Issued 148,785,346
Close 2023-09-20 C$ 0.04
Market Cap C$ 5,951,414
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Water Ways receives $400,000 in plastic film orders

2023-09-20 09:48 ET - News Release

Mr. Ohad Haber reports

WATER WAYS' CANADIAN SUBSIDIARY RECEIVES ORDERS FOR AGRICULTURAL SUPPLIES FROM CANADIAN FARMERS TOTALING C$400,000

Water Ways Technologies Inc.'s fully owned subsidiary, Heartnut Grove WWT Inc. (HGWWT), based in Mount Brydges, Ont., has received orders totalling $400,000 for degradable plastic film designed to provide essential support to vegetable and fruit growers. The $400,000 orders are slated for delivery during the first and second quarters of 2024, aligning with the growing season and agricultural needs in Canada. Degradable plastic film is a revolutionary solution that aids fruit and vegetable farmers in achieving higher yields with reduced water consumption and weed pressure. This sustainable practice not only leads to cost savings in farm labour and production but also contributes to environmental preservation.

Ohad Haber, the company's chairman and chief executive officer, commented: "Degradable plastic film assists fruit and vegetable farmers to grow more abundantly with less water and a reduction in weed pressure. This practice saves farm labour costs, reduces production cost and is beneficial for the environment. Consumers will receive plenty quality vegetables produced at the lowest price per acre. This is a win-win situation for all involved. This is a very strong start for 2024 growing season."

About Water Ways Technologies Inc.

Water Ways Technologies, 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 15 countries.

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