Water Ways' Canadian Subsidiary Increases Its Order Backlog for 2024 to Over CAD$3.2M
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TORONTO, Jan. 31, 2024 (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 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 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 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.
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Ronnie Jaegermann
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