Water Ways Technologies Inc., a global provider of Israeli-based agriculture technology, providing water irrigation solutions to agricultural producers, announces that the current 2023 order backlog of its Canadian subsidiary, Heartnut Grove WWT Inc. (“HGWWT”), based in Mt. Brydges Ontario, exceeded CAD$2,000,000 as of November 21, 2022. The orders are for agricultural and irrigation suppliers and farmers across Canada and Northern United States. The orders on hand are to be delivered in Q1 and Q2 of 2023.
Ohad Haber, Chairman and Chief Executive Officer, commented, “HGWWT’s sales for the first half of 2022 grew by 34% from CAD$3.5M in 2021 to CAD$4.75 in 2022. With over CAD$2M current backlog for next year, the Company hopes to maintain its growth in the region. We are strengthening our team, diversify the products and hope to achieve great results as we have done in 2022.”
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.
Certain statements contained in this press release constitute “forward-looking information” as such term is defined in applicable Canadian securities legislation.
SOURCE: Globe Newswire