- Water Ways (WWT) has received a C$730,000 order for a blueberry irrigation system in China
- Chinese subsidiary IRRI-AL TAL will install the 2.7M sq. ft. system in Q3
- This marks the company’s third order for the irrigation system destined for China
- Water Ways is an Israeli-based agriculture technology company
- Water Ways (WWT) is up by 1.79 per cent trading at $0.285 per share
Water Ways (WWT) has received a C$730,000 order for a blueberry irrigation system in China.
The company’s Chinese subsidiary, IRRI-AL TAL (Shanghai) Agriculture Technology Company, will oversee the order, which involves the installation of a 2.7M sq. ft. turnkey blueberry irrigation project.
IRRI-AL TAL expects to deliver and install the project in Q3 2022.
Water Ways expects to recognize revenues from the project during Q2 and Q3 of 2022.
The order follows the successful implementation of several blueberry irrigation projects, including two in China and one in Mexico, as well as the delivery of components to Peru.
“We focus our business on high-value crops given that the profits to the company are higher, especially in the growing worldwide blueberries business,” stated Ohad Haber, Water Ways’ Chairman and CEO. “We are developing a reputation for being a leader in delivering irrigation systems that are tailormade for enhancing yield and crop quality for high-value crops.”
Water Ways is an Israeli-based agriculture technology company providing water irrigation solutions to agricultural producers.
Water Ways (WWT) is up by 1.79 per cent trading at $0.285 per share as of 11:34 am EST.