Water Ways Received Fifth Order for its Medical Cannabis IOT Precise Irrigation and Fertilization System
June 01 2021 - 9:30AM
Water Ways Technologies Inc. (TSXV: WWT) ("
Water
Ways" or the "
Company"), is pleased to
announce that it received the fifth commercial order, effective May
23, 2021, for its Medical Cannabis Internet of Things
("
IOT") water and control system. The CAD$315,000
order was received from an Israeli Licensed Producer who is
currently building a 7,000 Square meters (approximately 75,000
Sq/ft) Medical Cannabis Cultivation facility in of Israel. The
system is an IOT controlled Water & Control system for Cannabis
cultivators and growers. The Company expects to deliver and install
the system by the end of 2021.
The purpose of the IOT system is to increase the
yield and consistency for cannabis growers and cultivators while
maintaining high quality, as well as reducing energy, water, and
fertilization costs. The system was developed in Israel by the
Company's research and development staff of engineers using the
Company's unique experience and knowledge gained in the irrigation
and control industry.
The system is comprised of the following
components:
- A precise drip
irrigation system to maximize the cannabis plants nutritional
absorption together with full monitoring and control of the plant
water content as well as nutrition availability during the
different growing stages.
- A fertilizing
system composed of two main components: raw fertilizer tanks and
dosing pumps that inject accurate fertilizer formulation into the
different compartments of the facility.
- Drainage
collection, filtration, and water treatment systems.
- Monitoring and
operating all the climate systems include HVAC, Lighting, air
circulation, etc.
- An IOT control
gateway. An IOT Control Gateway is an integral component of the
system which is comprised of an industrial controller and
integrated specially developed software to monitor and control
various components of the cultivation project. The system allows to
control the whole cultivation process by allowing the user to
adjust the following features:
- Irrigation,
fertilizing & filtration system.
- Climate system
monitoring and control.
- Structural
systems (benches, darkening & thermal screens, curtains,
heating, dehumidification, ventilation, fans, etc.).
The controller and
software are connected and synchronized with a local controller or
sensors within the facility. The controller gathers data in a local
and remote cloud so the cultivation management staff can use this
information to track trends, symptoms and correctly manage their
facility.
The controller
software can be installed on smart phones, PCs, and local
controller touch screens, allowing the growers to decide who is
permitted to use the controller, and control it over the web
remotely.
Ohad Haber, President, CEO and Chairman of the
Board of Water Ways, commented: "This is the fifth order of
the system in Israel which is a proof of the advantages our
technology offers to medical cannabis growers. The system's first
client, Cronos Israel, finished its implementation in 2020. So far,
The system has been delivered within Israel and the Company intends
to focus its efforts selling it internationally and expand to
additional markets and to additional indoor
crops.".
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 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, Water Ways
Technologies' main revenue streams are 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 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. Water Ways Technologies irrigation projects include
vineyards, Cotton fields, Apple and Orange orchards, Blueberries,
Medical Cannabis, fresh produce cooling rooms and more, in over 15
countries.
For more information, please
contact |
|
|
Ronnie
Jaegermann |
Guy
Nathanzon |
Director |
CFO |
T: +972-54-4202054 |
T: +972-52-6007221 |
E: ronnie@waterwt.com |
E: guyn@waterwt.com |
https://www.water-ways-technologies.com/
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Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
Forward-Looking Statements
Certain statements contained in this press
release constitute "forward-looking information" as such 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.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/0ce406d0-1129-4e04-b6f1-6ccbbee38479
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