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Water Ways Announces $500,000 order to supply irrigation project to Peru

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Water Ways Technologies (TSXV:WWT) (FSE:WWT), a global provider of Israeli-based agriculture technology, providing water irrigation solutions to agricultural producers, announced a new contact in Peru. The C$500,000 order includes irrigation control units, fertigation systems, Hydraulic Valves and filtration systems for a Blueberries smart irrigation project. Water Ways expects to deliver the order during June and recognize revenues in Q2 of 2023.

Additional Information:

Company: Water Ways Technologies
Website: www.Water-Ways-technologies.com
Stock Symbol: TSXV:WWT
Date Published: May 11, 2023
Transcript: Available

Video Transcript:

Water Ways Technologies (TSXV:WWT) (FSE:WWT), a global provider of Israeli-based agriculture technology, providing water irrigation solutions to agricultural producers, announced a new contact in Peru.

The C$500,000 order includes irrigation control units, fertigation systems, Hydraulic Valves and filtration systems for a Blueberries smart irrigation project.

Water Ways expects to deliver the order during June and recognize revenues in Q2 of 2023.

Ohad Haber, Chairman and CEO, stated: "We received this order as part of our unique know-how in cultivation and irrigation of blueberries. We are seeing increased demand for the experience we gained in delivering Blueberry irrigation systems in China and Mexico."

Headquartered in Toronto, Canada, Water Ways Technologies, through its subsidiaries, is a global provider of Israeli-based agriculture technology, providing water irrigation solutions to agricultural producers.

The company’s irrigation projects include vineyards, Cotton fields, Apple and Orange orchards, Blueberry, Medical Cannabis growers, and fresh produce cooling rooms, serving several hundred customers globally.

The company 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 its Projects Business Unit and its 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.

The shares are trading at $0.085.

For more information, please visit the company’s website, www.water-ways-technologies.com, contact Ronnie Jaegermann, Director, at 972-54-4202054, or by email at ronnie@waterwt.com, or Dor Sneh, CFO, at 972-54-6512500 or by email at dor@irri-altal.com.

For investor relations in Germany contact Dr. Eva Reuter, 49-69-1532-5857 or by email at e.reuter@dr-reuter.eu.