Israeli technology leads in agriculture
What began as a survival mechanism in a water-challenged part of the world has become a potential means of solving food shortages in the world.
Proving that necessity is the mother of invention, Israel used science and technology to create novel ways of efficiently providing water and food for her citizens. By employing trailblazing technology, Israel not only produces much of its own food but also exports US$1.3 billion worth of agricultural products every year.
For example, records show that Israel leads globally in the recycling of water, with over 85 per cent of its wastewater recycled.
There are multiple Israeli technologies that are making farming more efficient and sustainable. These are drip irrigation, water recycling, biopesticides, biofertilizers, intelligence (which monitors fields and helps farmers make better decisions), robotics (which makes it possible for robots to carry out different farming operations, including picking fruits from trees), and sensors (which can relate with plants to detect what nutrients they need and when they need to be watered).
The Water Ways edge
Water Ways Technologies Inc. (TSXV:WWT) tapped into this Israeli edge, focusing on expanding drip irrigation technology to different parts of the world.
As an agro-tech company which specializes in providing water irrigation solutions to agricultural producers, Water Ways designs, supplies and installs an irrigation system for application in various agricultural and aquacultural operations. It currently operates in Canada, China, Mexico, Peru, Laos, Ethiopia, and Georgia.
With over 400 customers in 40 countries, WWT executes innovative turnkey smart irrigation projects and delivers advanced agro-tech irrigation products.
Drip irrigation, which uses cloud-based, computer-controlled precision delivery, is noted to be the most efficient way to irrigate and nourish plants around the world. The technology ensures that less water, as well as less chemical, is used in farming, as the drippers deliver water and nutrients to each plant according to the needed quantity. That makes it eco-friendly, creating greater yields and higher quality. In other words, it minimizes waste and maximizes productivity.
Interestingly, WWT ensures that this advanced agriculture technology is accessible around the world. It focuses on purchasing, assembling and exporting these Israeli technologically advanced irrigation products and systems manufactured by leading companies and distributing them to its global clients.
It designs, supplies, installs and maintains irrigation systems for application in various agricultural operations. By offering its experienced and professional agronomical, engineering and logistic services, the company aims to allow its clients to focus on efficiently growing their crops, their project and their business,
With the growth of precise irrigation technologies in the global market, Water Ways Technologies has started to investigate the development of its own solution. The main objective of our research & development efforts is to bring to market a technological solution which will enable agricultural operators to make more intelligent, data-driven decisions, as well as automate time-consuming and labour-intensive processes.
The US$5.2-billion drip irrigation market
According to ResearchAndMarkets.com, the global drip irrigation market size is estimated to be worth US$5.2 billion in 2022 and is projected to reach $8.3 billion by 2027, recording a compound annual growth rate (CAGR) of 9.8 per cent during the forecast period in terms of value.
When broken down into crop types, the fruits and nuts segment is estimated to grow at the highest CAGR during the forecast period.
“High-profit margins and increasing export demand for fruits and nuts have increased the adoption of drip irrigation products in the fruits and nuts segment,” noted the report.
“The high export demand for fruit and nut products and the high margin of profits have helped in driving the demand for drip irrigation systems, especially in the fruits and nuts segment,” the report added.
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.
Result-oriented Management Team
Ohad Haber: CEO & Director
Ohad has over 30 years of experience in project management, sales and marketing in the agricultural industry. He is the former sales and operation manager of Latin America at Dan Sprinklers – an Israeli manufacturer of sprinklers and irrigation systems.
Tal Weil: Head Agronomist
Tal has over ten years of experience in open-field vegetable growing, operating irrigation and fertilization systems. Tal holds BSc. in Soil & Water Science, focusing on plant nutrition and fertilizing, and an MBA degree.
Ronnie Jaegermann: Director
Ronnie is a Founding and Venture Partner at Exitteam Capital Partners, an Israeli investment platform focusing on pre-IPO investments. Since November 2020, he has led multiple businesses in growing them from start-ups to profitable companies that became take-out targets and was involved in fundraisings and public offerings for Israeli technology companies both in Europe and the USA. He holds a BA in Economics and Political Science from Tel Aviv University.
More for less
As climate change continues to impact the world through water and food unpredictability, Water Ways Technologies is poised to fill the vacuum through its efficient means of food production. It is the technology that ensures that fewer resources can be used to produce more food. It is a model that employs precision, eliminates waste, and delivers success.
For more information and updates about Water Ways Technologies, you can visit https://www.water-ways-technologies.com/.
Disclaimer:
The Information contained here is a paid advertisement and is for information purposes only, and is not to be construed as an offer or solicitation for the sale or purchase of securities. Prior to making any investment decision, it is recommended that readers consult directly with the public company and seek advice from a qualified investment advisor. The corporate information included in this was provided by Water Ways Technologies in order to help investors learn more about their company. The information provided is purely and solely the responsibility of Water Ways Technologies, which has reviewed and approved all material for accuracy. Stockhouse does not provide investment advice, and the information on this profile should not be considered a recommendation to buy or sell any security. Investing in securities is speculative and carries risk. Persons who wish to buy or sell securities should only do so at their own risk and in consultation with their registered securities advisers. Stockhouse does not own stock in Water Ways Technologies.
