Water Ways Receives Recurring Third Order From a Blueberry Grower in Mexico and Announces a Proposed Issuance of Shares for Debt
08 August 2023 - 1:35PM
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 third order to deliver smart irrigation equipment to
a blueberry grower in Mexico. The total value of the order is
C$180,000. Water Ways expects to recognize revenue and deliver the
order in Q4 of 2023.
Ohad Haber, Chairman and Chief Executive
Officer, commented: "Our blueberry business in Mexico is
increasing. We have gained vast experience and
know-how in the blueberries sector and providing blueberry farmers
with smart irrigation equipment and knowledge in several countries
around the world."
Blueberry Smart Irrigation
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.
For more information, please contact
Ronnie
Jaegermann |
Dor Sneh |
Director |
CFO |
T: +972-54-4202054 |
T: +972-54-6512500 |
E: ronnie@waterwt.com |
E: dor@irri-altal.com |
https://www.water-ways-technologies.com/
https://www.hg-wwt.com/
Twitter: @WaterWaysTechn1
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
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 Technologies Inc.
(“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.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/da772b9d-90ad-40ef-9f30-4b26b68d3230
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