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Water Ways' Subsidiary Receives Order for a Smart Irrigation System From a Large Flower Nursery in Ontario

Water Ways Technologies Inc.
Water Ways Technologies Inc.

Nursery Smart Irrigation System

Nursery Smart Irrigation System
Nursery Smart Irrigation System

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

TORONTO, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Water Ways Technologies Inc. (TSXV: WWT) (FRA: WWT) ("Water Ways" or the "Company"), a global provider of Israeli-based agriculture technology, providing water irrigation solutions to agricultural producers, announces that its wholly owned Canadian subsidiary, Heartnut Grove WWT Inc.("HGWWT "), based in Mt. Brydges Ontario, received an order for a smart irrigation system from a large flower nursery located in Ontario. The project covers an area of 4.5 hectares of Peonies being grown on sandy soil, which require low flow rate with small emitter spacing, to avoid drain and leaching of water and fertilizers to the lower level of the soil.

HGWWT will provide a smart drip irrigation system, fully automated by a radio frequency control system, a fertigation station and automatic filtration systems, to ensure water and nutrients availability.

The C$77,000 is expected to be supplied to the client in the fourth quarter of fiscal 2023.

Ohad Haber the Company's Chairman and CEO commented: "This is the first time we are delivering a smart irrigation system to a flower nursery in Canada, After the successful implementation of the system we expect other nurseries in Canada to follow. Furthermore, I wish to advise our shareholders that our business continues as normal despite the current war in Israel."

tbc
tbc


About Water Ways Technologies
Water Ways Technologies Inc., through its subsidiaries, is a global provider of Israeli-based agriculture technology, providing water irrigation solutions to agricultural producers. Water Ways Technologies 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. At present, Water Ways Technologies' main revenue streams are derived from the following business units: (i) Projects Business Unit; and (ii) Component and Equipment Sales Unit. Water Ways Technologies is capitalizing on the opportunities presented by micro and smart irrigation, while also making a positive mark on society by making these technologies more widely available, especially in developing markets such as Africa and Latin America and developed markets such as China and Canada. Water Ways Technologies irrigation projects include vineyards, Cotton fields, Apple and Orange orchards, Blueberry, Medical Cannabis growers, fresh produce cooling rooms and more, in over fifteen countries.

For more information, please contact

Ronnie Jaegermann

Dor Sneh

Dr. Eva Reuter

Director

CFO

Investor Relations - Germany

T: +972-54-4202054

T: +972-54-6512500

+49 69 1532 5857

E: ronnie@waterwt.com

E: dor@irri-altal.com

E: e.reuter@dr-reuter.eu

https://www.water-ways-technologies.com/

https://www.hg-wwt.com/

Twitter: @WaterWaysTechn1

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements
Certain statements contained in this press release constitute "forward-looking information" as such term is defined in applicable Canadian securities legislation. The words "may", "would", "could", "should", "potential", "will", "seek", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions as they relate to Water Ways. All statements other than statements of historical fact may be forward-looking information. Such statements reflect Water Ways' current views and intentions with respect to future events, and current information available to Water Ways, and are subject to certain risks, uncertainties and assumptions. Material factors or assumptions were applied in providing forward-looking information. Many factors could cause the actual results, performance or achievements that may be expressed or implied by such forward-looking information to vary from those described herein should one or more of these risks or uncertainties materialize. Should any factor affect Water Ways in an unexpected manner, or should assumptions underlying the forward-looking information prove incorrect, the actual results or events may differ materially from the results or events predicted. Any such forward-looking information is expressly qualified in its entirety by this cautionary statement. Moreover, Water Ways does not assume responsibility for the accuracy or completeness of such forward-looking information. The forward-looking information included in this press release is made as of the date of this press release and Water Ways undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law. Water Ways' results and forward-looking information and calculations may be affected by fluctuations in exchange rates and its own share prices. All figures are in Canadian dollars unless otherwise indicated.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/617185d8-5171-4f5d-927f-593c07ee2c28


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