Water Ways has been awarded a contract for the Blueberries Smart Irrigation Project in Ethiopia.
Water Ways Technologies Inc., a global provider of Israeli-based agriculture technology that delivers water irrigation solutions to agricultural producers, has acquired a new purchase order (the “Order”) to build a smart turnkey blueberry irrigation project in Ethiopia.
This is the second phase of a project that was supposed to start in 2020 but was delayed due to Ethiopia’s political upheaval.
The Order is planned to be delivered and installed in the third quarter of 2022. The Order is expected to produce about C$200,000 in revenue, which the Company expects to recognize in the third quarter of 2022.
Chairman and Chief Executive Officer Ohad Haber stated: “In Ethiopia, our business is expanding once more. Smart irrigation for blueberries is becoming a big growth element for Water Ways all around the world.”
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.
Source: Global Newswire
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