Water Ways’ Canadian Subsidiary Receives Orders for Agricultural Supplies From Canadian Farmers Totaling C$400,000
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TORONTO, Sept. 20, 2023 (GLOBE NEWSWIRE) — 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.
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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 Technologies
Water 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.
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https://www.water-ways-technologies.com/
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Forward-Looking Statements
Certain 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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