C$730,000 Third Blueberries Irrigation System Order in China NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
TORONTO, March 29, 2022 (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 the Company’s Chinese subsidiary (in which the Company hold 73% interest), IRRI-AL TAL (Shanghai) Agriculture Technology Company Ltd. ("IAT Shanghai"), has received an order to install a 250,900 Square Meters (2,700,000 Square Feet) turnkey blueberries irrigation project in the People's Republic of China. IAT Shanghai is expected to deliver and install the project during Q3 of 2022. The total value of the project is approximately C$730,000. The order was received from a Chinese blueberries cultivator following the successful implementations of several blueberries irrigation projects in China and Mexico. The Company expects to recognize revenues from the project during Q2 and Q3 of 2022.