Water Ways Technologies Inc V.WWT

Water Ways' Canadian Subsidiary Order Backlog

[Betteryear2]

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

TORONTO, Dec. 18, 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 the current 2024 confirmed orders of its Canadian subsidiary, Heartnut Grove WWT Inc. ("WWT CANADA"), based in Mt. Brydges Ontario, exceeds CAD$ 2.75M as of December 17th, 2023. The orders are for agricultural, irrigation supplies and irrigation projects.

These orders are expected to be delivered in Q1 and Q2 of 2024. Payment for these orders is conditional upon delivery of supplies or services by WWT Canada.

Water Ways' Canadian Subsidiary Order Backlog for 2024 (globenewswire.com)

[Tslayer]

Fantastic! Let's see improvement in the SP and the reversal of the proposed share consolodation. 

[constructionsite]

Backlog increased by another  ~.5 M or so since mid-December, as per yesterday's NR.   Good to see.  Hopefully, this top line backlog translates to a better bottom line. Agreed about the lingering damage caused by proposing a share consolidation - that's a self-inflicted wound that they should patch up asap.