- Water Ways (WWT) has expanded its Uzbekistan project backlog to C$9.4M
- Its third project in the country, worth $2.7M, is slated for completion by Q3 2022
- All three orders stem from a recurring customer
- Water Ways Technologies provides water irrigation solutions to agricultural producers
- Water Ways (WWT) is down by 2.46 per cent trading at $0.395 per share
Water Ways (WWT) has expanded its Uzbekistan project backlog to C$9.4M.
It signed a third cotton smart drip irrigation project on February 9, 2022, worth $2.7M.
The project, to be completed by Q3 2022, includes $100,000 in service and consulting work and spans 886 hectares of cotton. The project also includes the construction of six water reservoirs and head controls.
All three projects are repeat orders from a recurring customer who ordered a $4M system in 2021.
The $9.4M figure marks the highest backlog for February in the company’s 18 year history.
“I expect our business to grow substantially in 2022 as we are seeing increased demand for smart irrigation in many countries around the world,” stated Ohad Haber, Water Ways’ Chairman and CEO.
Water Ways Technologies provides water irrigation solutions to agricultural producers.
Water Ways (WWT) is down by 2.46 per cent trading at $0.395 per share as of 9:30 am EST.