Water Ways Completes Installation of the First Cannaways Irrigation and Fertilization System at the Cronos Facility in Israel...
December 10 2019 - 8:53AM
Water Ways Technologies Inc. (TSXV: WWT) ("
Water
Ways" or the "
Company"), is pleased to
announce the completion, installation and delivery of its first
Cannaways medical cannabis irrigation and fertilization system.
Cannaways is an Internet of Things (“IoT”) controlled irrigation
and fertilization system for cannabis cultivators and growers. The
Cannaways system is uniquely designed for the specific needs of
cannabis growers and cultivators worldwide, in order to increase
the yield and consistency of high-quality cannabis while reducing
energy, water, and fertilization costs. The Cannaways system is
also available for greenhouse, outdoor food production and fish
farm operations where controlled irrigation and fertilization
systems are desired.
Ohad Haber, WWT Chairman and Chief Executive
Officer commented; "The delivery of the Cannaways system to one of
the largest medical cannabis licensed producers in the world is a
milestone for Waterways and proof of the advanced technology
developed by the Waterways team. We continue to introduce Cannaways
to interested parties around the world and look forward to
continued market penetration in 2020."
The initial Cannaways system has been installed
at the medical cannabis cultivation facility of Cronos Israel, a
majority owned entity of Cronos Group Inc. (CRON on TSX and
NASDAQ). The system was ordered in 2018, went through an adaptation
and implementation process and was field tested and approved by
Cronos Israel last week. Water Ways has received two additional
orders for the system from Israeli medical cannabis licensed
producers and is in negotiations to deliver additional systems to
licensed producers in South America and Europe.
Cannaways Competitive Advantage is based
on:
- Hydroponic system of flooding
benches to maximize cannabis plant nutritional absorption together
with full monitoring and control of the plant nutrition during the
different growing stages;
- Fertilizing control system
comprised of raw fertilizer tanks and dosing pumps;
- Drainage, filtration, water
recycling and climate monitoring systems;
- IoT Control Gateway.
The IoT Control Gateway is comprised of an
industrial controller and integrated proprietary software to
monitor and control various components of the cultivation
project.
About Water Ways
Technologies
Water Ways is the parent company of Irri-Al-Tal
Ltd. (“IAT”) which is an Israeli based agriculture technology
company that specializes in providing water irrigation solutions to
agricultural producers. IAT 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, IAT's main revenue streams are derived
from the following business units: (i) Projects Business Unit; and
(ii) Component and Equipment Sales Unit. IAT was founded in 2003 by
Mr. Ohad Haber with a view of 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. IAT’s past projects include vineyards, water
reservoirs, fish farms, fresh produce cooling rooms and more, in
over 15 countries.
For more information, please
contact
Dean StuartInvestor RelationsT: 403 617 7609E:
dean@boardmarker.net
Ronnie JaegermannDirectorT: 972-54-4202054E:
ronnie@waterwt.com
https://www.water-ways-technologies.com/
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release constitute "forward-looking information" as such term is
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entirety by this cautionary statement. Moreover, Water Ways does
not assume responsibility for the accuracy or completeness of such
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