Water Ways' Canadian Subsidiary Receives Orders for Agricultural Supplies From Canadian Farmers Totaling C$400,000
20 September 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, is pleased to
announce that its fully owned subsidiary, Heartnut Grove WWT Inc.
("
HGWWT"), based in Mt. Brydges, Ontario, has
received orders totaling C$400,000 for degradable plastic film
designed to provide essential support to vegetable and fruit
growers. The C$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 labor and production but also contributes to environmental
preservation.
Ohad Haber, Company's Chairman and CEO
commented: "Degradable Plastic film
assists fruit and vegetable farmers to grow more abundantly with
less water and a reduction in weed pressure. This practise saves
farm labour costs, reduces production cost and is beneficial for
the environment. Consumers will receive plenty quality vegetables
produced at the lowest price pre acre. This is a win – win
situation for all involved. This is a very strong start for 2024
growing season."
Plastic Mulch
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
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 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. 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/a4c98489-5281-4d44-8375-2da730bafe05
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