Water Ways Technologies Inc .: Water Ways expands operations in Mexico, receives two contracts for C $ 320,000
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July 7, 2022 – Toronto, Ontario – Water Ways Technologies Inc. (TSXV: WWT) (FRA: WWT) (“Water Ways” or “Company”), an Israel-based global agricultural technology provider that provides irrigation solutions for agriculture Growers Offers announces that it has received two new orders to supply a smart irrigation component for irrigation of orchids and blueberries in Mexico. The total value of the orders is 320,000 CAD. Water Ways expects to recognize revenues and fulfill these orders in the third quarter of 2022.
Ohad Haber, President and CEO, commented: “Our business in Mexico has grown significantly this year. Our sales in 2021 exceeded CAD 740,000, and for the first few months of 2022, our Mexican orders exceeded 1.3 million in the early second half of 2022. “
Blueberry Plant Nursery
About Water Ways Technologies Inc.
WWT (ISIN: CA9411881043), through its subsidiaries, is an Israeli-based global agricultural technology provider providing water irrigation solutions to farmers. WWT competes in the global irrigation market by focusing on developing solutions for commercial applications in the micro and precision irrigation segments of the entire market. The main revenues of WWT currently come from the following business areas: (i) design activities and (ii) distribution of components and equipment. WWT takes advantage of the opportunities offered by micro-irrigation and smart irrigation, while making a positive contribution to society by further developing these technologies, especially in developing countries such as Africa and Latin America, and in developed markets such as China and Canada. WWT’s irrigation projects include vineyards, cotton fields, apple and orange orchards, blueberries, medicinal marijuana cultivation, cold stores for fresh produce, and more in more than fifteen countries.
Please contact us for more information
T: + 972-54-4202054
Chief Financial Officer
T: + 972-54-6512500
Dr. Ewa Reuter
Investor Relations – Germany
+49 69 1532 5857
Twitter: @ WaterWaysTechn1
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Certain statements in this press release are “forward-looking information” as defined in applicable Canadian securities laws. The words “may”, “may”, “may”, “should”, “potential”, “will”, “goal”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, ” to expect ”and similar phrases refer 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 beliefs and intentions to reflect the future of events and current information available to Water Ways and are subject to certain risks, uncertainties and assumptions. Significant factors or assumptions have been used in preparing the forward-looking information. Many factors may cause the actual results, results or achievements expressed or implied by such future – the appearing information differs from that described in this document if one or more of these risks are or are not clear. If any factor affects Water Ways in an unexpected manner or if the assumptions underlying the forward-looking information prove to be incorrect, the actual results or events may differ materially from those projected. All such forward-looking information is expressly covered in its entirety. Furthermore, Water Ways is not responsible for the accuracy or completeness of such forward-looking information. The forward-looking information contained in this press release is as of the date of this press release, and Water Ways makes no commitment to publicly update or revise any forward-looking information except as required by law. Water Ways results and forward-looking information and calculations may be affected by fluctuations in exchange rates and the price of the stock’s own shares. All numbers are in Canadian dollars unless otherwise noted.
We are not responsible for this translation. The text of the original message in English is valid. You can access it here: You can access it here: https://www.globenewswire.com/news-release/2022/07/07/2475787/0/en/Water-Ways-Business-in-Mexico- Expands-on-receipt-of-two-orders-for-values-C-320-000.html
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