Key Takeaways:
- Water Ways Technologies announces over CAD$140,000 in orders for smart irrigation equipment in South America.
- Orders support a flower greenhouse project in Colombia and an irrigation distributor in Chile.
- The company to deliver orders in Q2 2024, marking significant business progress in the region.
- CEO Ohad Haber optimistic about increased demand and business improvement in South America.
Expanding Agricultural Tech in South America
Water Ways Technologies Inc. (TSXV: WWT) (FRA: WWT), a leader in Israeli-based agricultural technology, has announced the receipt of two substantial orders totaling over CAD$140,000 from clients in South America. This development underscores the company’s growing influence in the region, providing advanced water irrigation solutions to agricultural producers.
Strategic Orders Fueling Growth
The first order, valued at over CAD$70,000, is earmarked for a flower greenhouse irrigation project in Colombia. Water Ways is tasked with supplying both the automation and control system and additional high-tech components for the project, which is being designed and constructed by a local system integrator. This engagement highlights the company’s role in enhancing agricultural efficiency and productivity through smart irrigation solutions.
Simultaneously, the second order, also exceeding CAD$70,000, comes from an irrigation distributor in Chile. This order encompasses irrigation and control components, further demonstrating Water Ways’ capabilities in delivering cutting-edge irrigation technology to diverse agricultural needs across South America.
Anticipated Delivery and Future Prospects
Water Ways Technologies anticipates the completion and delivery of these orders within the second quarter of 2024. This timeline reflects the company’s efficient operational framework and commitment to meeting the demands of its expanding client base in South America.
Optimism from Leadership
Reflecting on these developments, Ohad Haber, Chairman and CEO of Water Ways Technologies, expressed optimism about the company’s trajectory in the region. “We see again a demand for our technology in South America, and I foresee our business improving during this year,” Haber remarked. His statement not only underscores the strategic importance of these new orders but also signals confidence in the company’s ongoing expansion and success in South America’s agricultural technology market.
Strengthening Global Agriculture through Innovation
These recent orders from South America are a testament to Water Ways Technologies’ commitment to advancing agricultural productivity and sustainability through innovative water irrigation solutions. As the company continues to execute its delivery plans and capitalize on emerging opportunities in the region, its role in transforming global agriculture with Israeli-based technology becomes increasingly significant.
Water Ways Technologies Inc. Latest News
Water Ways Technologies Inc. announced that its Canadian subsidiary signed a distribution agreement with Agroscout Ltd (2024/03/26)
Water Ways Technologies announced that its subsidiary, Heartnut Grove WWT, signed a two-year distribution agreement with Agroscout. The Israeli Agri-tech company developed an AI-driven agricultural intelligence system that provides drone and satellite monitoring throughout the crop growth cycle. The agreement allows HGWWT to offer Agroscout’s services to Canadian farmers via a SAAS platform, improving crop efficiency and reducing costs. The partnership will also generate a continuous revenue stream for Water Ways’ Canadian subsidiary. This move highlights the increasing role of AI in modern agricultural practices.
