- Water Ways Technologies (WWT) has received a purchase order to install a smart turnkey blueberries irrigation system in Ethiopia
- This is the second phase of a project started in 2020
- The order is expected to be delivered and installed during the third quarter of 2022
- The total expected revenue from the order is approximately C$200,000 which the company expects to recognize during Q3 of 2022
- Water Ways Technologies Inc. is a provider of Israeli-based agriculture technology, providing water irrigation solutions to agricultural producers
- Water Ways Technologies Inc. was up 10.811 per cent, trading at C$0.205 at 2:46 PM ET
Water Ways Technologies (WWT) has received a purchase order to install a smart turnkey blueberries irrigation system in Ethiopia.
This is the second phase of a project started in 2020 but was delayed due to the political turmoil in Ethiopia.
The order is expected to be delivered and installed during the third quarter of 2022.
The total expected revenue from the order is approximately C$200,000 which the company expects to recognize during Q3 of 2022.
“Our business in Ethiopia is growing again,” noted Ohad Haber, Chairman and Chief Executive Officer.
“Blueberries smart irrigation is becoming a major growth factor for Water Ways around the world,” he added.
Water Ways Technologies Inc., through its subsidiaries, is a global provider of Israeli-based agriculture technology, providing water irrigation solutions to agricultural producers.
WWT 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.
Water Ways Technologies Inc. was up 10.811 per cent, trading at $0.205 at 2:46 PM ET.