Water Ways' Canadian Subsidiary Increases Its Order Backlog for 2024 to Over CAD$3.2M
January 31 2024 - 4:01PM
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 the
current 2024 order backlog of its Canadian subsidiary, Heartnut
Grove WWT Inc. ("WWT CANADA" based in Mt. Brydges Ontario, exceeded
CAD$3.2M as of January 31, 2024. The orders are for agricultural,
irrigation supplies and irrigation projects.
The orders on hand are to be delivered in Q1 and
Q2 of 2024.
Ohad Haber, Chairman and Chief Executive Officer,
commented, "Our business in North America is improving. We
have targeted new clients and new projects which will substantiate
our business objective to focus on the North American market."
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 worldwide
irrigation water systems market, focusing on developing solutions
with commercial applications in the micro and precision irrigation
segments of the overall market. At present, Water Ways
Technologies' primary revenue stream is 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 intelligent irrigation.
The Company also produces a positive mark on society by making
these technologies more widely available, particularly 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 orchids, blueberries, medical Cannabis, fresh produce
cooling rooms and more.
For more information, please
contact
Ronnie
Jaegermann
Director
T:
+972-54-4202054
E:
ronnie@waterwt.com
https://www.water-ways-technologies.com/
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accuracy of this release.
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Certain statements contained in this press
release constitute "forward-looking information" as such a 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. All figures are in Canadian dollars unless
otherwise indicated.
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