Water Ways Announces the Completion and Delivery of its Previously Announced Blueberries Irrigation Project in China Ordered ...
June 14 2021 - 8:17AM
Water Ways Technologies Inc. (TSXV: WWT) ("
Water
Ways" or the "
Company"), is pleased to
announce that further to the company’s press release dated November
23, 2020, its Chinese subsidiary has completed the delivery and
installation of a 20 hectare turnkey blueberries irrigation project
in the Province of Yunnan in China ordered by Driscoll's
subsidiary. The total value of the project was CAD$460,000.
Driscoll's is the global market leader for fresh strawberries,
blueberries, raspberries and blackberries. With more than 100 years
of farming heritage and hundreds of independent growers around the
world, Driscoll’s is passionate about growing great tasting
berries.
Ohad Haber, Chairman and Chief Executive
Officer, commented: "This is a very
important customer for us given Driscoll's size and reach in the
industry. This is our first irrigation project with a multinational
food grower like Driscoll's, and I am confident that successful
delivery of the project will result in additional projects with
Driscoll's, especially in key markets like China. We launched a
subsidiary in China last year and are excited about growth
prospects in countries like China and with key customers like
Driscoll's."
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/Twitter:
@WaterWaysTechn1
Neither TSX Venture Exchange nor its
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/f5b0b7ab-8720-4e57-be65-915243f11d06
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