03:39:48 EDT Thu 09 May 2024
Enter Symbol
or Name
USA
CA



Water Ways Technologies Inc
Symbol WWT
Shares Issued 148,785,346
Close 2023-10-23 C$ 0.035
Market Cap C$ 5,207,487
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Water Ways receives smart irrigation order in Ont.

2023-10-24 10:34 ET - News Release

Mr. Ohad Haber reports

WATER WAYS' SUBSIDIARY RECEIVES ORDER FOR A SMART IRRIGATION SYSTEM FROM A LARGE FLOWER NURSERY IN ONTARIO

Water Ways Technologies Inc.'s wholly owned Canadian subsidiary, Heartnut Grove WWT Inc. (HGWWT), based in Mt. Brydges, Ont., has received an order for a smart irrigation system from a large flower nursery located in Ontario. The project covers an area of 4.5 hectares of peonies being grown on sandy soil, which require low flow rate with small emitter spacing, to avoid drain and leaching of water and fertilizers to the lower level of the soil.

HGWWT will provide a smart drip irrigation system, fully automated by a radio frequency control system, a fertigation station and automatic filtration systems, to ensure water and nutrients availability.

The $77,000 system is expected to be supplied to the client in the fourth quarter of fiscal 2023.

Ohad Haber, the company's chairman and chief executive officer, commented: "This is the first time we are delivering a smart irrigation system to a flower nursery in Canada. After the successful implementation of the system, we expect other nurseries in Canada to follow. Furthermore, I wish to advise our shareholders that our business continues as normal despite the current war in Israel."

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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