- Water Ways (WWT) has received an order to deliver and install a 274 hectares turnkey Banana irrigation project in Laos
- The company will provide a complete smart irrigation system
- The total value of the order is approximately CAD$930,000
- Water Ways uses Israeli-based agriculture technology to provide water irrigation solutions to agricultural producers
- Water Ways Technologies Inc. (WWT) is up 8.00 per cent, trading at C$0.135 at 11:51 am ET
Water Ways (WWT) has received an order to deliver and install a 274 hectares turnkey Banana irrigation project in Laos.
The company will provide a complete smart irrigation system. It will include drip lines, water treatment, filtration, reservoirs and pumps for a recurring customer.
The order is from an existing customer who is currently expanding his high-density banana plantation in Laos. The total value of the order is approximately C$930,000.
Water Ways expects to commence the project during Q2, 2023. Delivery and installation of the system will take place during 2023 and Q1 of 2024. It expects to recognize the revenues during the installation period.
Ohad Haber, Chairman and CEO of Water Ways, commented on the news.
“Before Covid, we have been operating and selling irrigation systems in Laos. I’m pleased that post-pandemic business is resuming, and we are returning to work in Laos.”
Water Ways uses Israeli-based agriculture technology to provide water irrigation solutions to agricultural producers. It competes in the global irrigation water systems market with a focus on developing solutions with commercial applications.
Water Ways Technologies Inc. (WWT) is up 8.00 per cent, trading at C$0.135 at 11:51 am ET.
