WWT enters the market in Angola with a first smart irrigation project

Added on 20 October 2022

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WWT enters the market in Angola with a first smart irrigation project

TORONTO - Water Ways Technologies Inc. (TSXV: WWT) (FRA: WWT) ("WWT" or the "Company"), a global provider of Israeli-based agriculture technology, providing water irrigation solutions to agricultural producers, is pleased to announce that the Company has been successful in penetrating the Angolan irrigation market with the delivery of its first smart irrigation project. The project, which irrigates various vegetables, includes the delivery of a drip irrigation system and smart irrigation control unit. The order, for an amount of CAD$113,000, is expected to be recognized by the Company as a revenue in Q4 of 2022.

Mr. Ohad Haber, Chairman and CEO of Water Ways, commented: "We continue to explore additional territories in Africa, and Angola, as a developing agriculture market, is a target for future opportunities."

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, Blueberry, Medical Cannabis growers, fresh produce cooling rooms and more, in over fifteen countries.

https://www.water-ways-technologies.com/