Water Ways’ Chinese Subsidiary Finalizing Installation of a Blueberries Smart Irrigation System in China
21 2월 2023 - 9:59PM
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 (further
to its press release of March 29, 2022) that the Company’s Chinese
subsidiary (in which the Company holds a 73% interest), IRRI-AL TAL
(Shanghai) Agriculture Technology Company Ltd. ("
IAT
Shanghai"), is in the final stages of installing a 30
hectares turnkey blueberries irrigation project in the province of
Yunnan, China. The project, a repeat order from an existing client,
utilizes precise irrigation and fertigation technology allowing for
accurate and efficient distribution of water and nutrients to the
blueberry plants.
Ohad Haber, Chairman and Chief Executive
Officer, commented: "We are currently increasing our focus
on building our reputation for irrigation of high yield crops,
especially blueberries. This is our fourth blueberry smart
irrigation system that we have delivered in China and a repeat
order from an existing client. We believe that the system ensures
that our growers can provide high-quality blueberries to meet the
increasing demand in the market. Following the success of this
project, we expect to see significant growth in our smart
agricultural solutions for the blueberry business."
Blueberry Project, China
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 |
Dr. Eva Reuter |
Director |
CFO |
Investor Relations - Germany |
T: +972-54-4202054 |
T: +972-54-6512500 |
+49 69 1532 5857 |
E: ronnie@waterwt.com |
E: dor@irri-altal.com |
E: e.reuter@dr-reuter.eu |
https://www.water-ways-technologies.com/
https://www.hg-wwt.com/
Twitter: @WaterWaysTechn1
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StatementsCertain statements contained in this press
release constitute "forward-looking information" as such term is
defined in applicable Canadian securities legislation. The words
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similar expressions as they relate to Water Ways Technologies Inc.
(“Water Ways”). All statements other than
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or revise any forward-looking information, other than as required
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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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