Encouraging Words Not my words but talking water makes me thirsty so might as well pump some. Edited short article from News Financial Oct 2021 by Nico Popp, small business stock expert.....or so they say. Speaks favourably of WWT and lays out water tech future prediction$. Personally I like the international aspect, especially China.
WATER WAYS TECHNOLOGIES: SMALL-CAP WATER COMPANY WITH INTERNATIONAL CUSTOMERS
One such newcomer is Water Ways Technologies. The Company from Israel starts where most water is used and polluted: in agriculture. To this end, Water Ways Technologies offers irrigation and control systems. In this way, only as much water as necessary is used, and water is used efficiently. Water Ways currently has 400 customers in 40 countries. Most recently, the Company won three contracts worth a total of CAD 570,000. The projects in Mexico, Canada and China underscore the Company's international focus and great potential.
A study by Allied Market Research puts the market for smart irrigation systems at USD 1.44 billion in 2020. By 2027, the market is expected to grow to USD 5.57 billion. With its experience, Water Ways Technologies aims to secure a large share of that growth. "We are winning more and more contracts around the world, which speaks to our impressive reputation, global reach and track record as a leading provider of agricultural solutions for farmers and growers," commented Ohad Haber, Chairman and CEO, on the recent contract wins. With Water Ways already achieving significant increases in revenue and EBITDA in the first half of 2021 and the issue of sustainability and food becoming more acute as prices rise, investors may want to take a closer look at the share.
Water Ways Technologies could strike a nerve in the current environment. Agriculture takes about 70% of the world's water, so it is a logical place to start. Such a small company with such an international footprint is hard to find. It is worth taking a closer look at the value.