Medical Cannabis IoT

Medical Cannabis IoT

Medical Cannabis IoT

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TORONTO, November 11, 2021 (GLOBE NEWSWIRE) – Water Ways Technologies Inc. (TSXV: WWT) (FRA: WWT) (“Water Roads“ose”company“), a global provider of agricultural technology based in Israel, which offers water irrigation solutions to agricultural producers, is pleased to announce that it has received three new Internet Cannabis Order items (“IoT“) Water and control systems.
Two orders from existing customers consisting of:

  1. A computerized irrigation and control system for a quarantine facility created to validate the importation of new cannabis genetics. The computerized irrigation and control system in the structure is designed to achieve uniform growth and optimal growing conditions, so that the final product meets the laboratory test threshold conditions and can be used to create a new genetic bank for the facility. existing medical cannabis cultivation. ; AND

  2. A computerized irrigation and fertilization system for a Research and Development room at the medical cannabis cultivation facility for hybrids of new varieties.

The third order is an order from a new customer, a licensed medical cannabis producer in Israel, for his 6,000-square-foot (approximately 65,000 square foot) cannabis cultivation facility from an Israeli licensed medical cannabis producer. The system is an IoT-controlled water and fertilization control system. Water Ways believes its IoT system was created for the specific needs of growers and cannabis growers worldwide.

The company expects to deliver and install the systems by the end of Q1 2022.

Ohad Haber, Chairman and CEO, commented, “Orders for our knowledge are growing. The Israeli market for medical cannabis cultivation is trying to adopt our solution as an industry standard.”

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bc768f9f-0d6b-4f8b-8bd8-1cdfc3ea8a0a

About waterway technologies
Water Ways Technologies Inc., through its subsidiaries, is a global provider of agricultural technology based in Israel, providing water irrigation solutions to agricultural producers. Water Ways Technologies competes in the global market for irrigation water systems with a focus on developing solutions with commercial applications in the micro and precision irrigation segments of the overall market. Currently, Water Ways Technologies’ main revenue streams are derived from the following business units: (i) Project Business Unit; and (ii) Unit of Sales of Components and Equipment. Water Ways Technologies is taking advantage of the opportunities presented by micro and intelligent irrigation, also leaving a positive mark on society by making these technologies more available, especially in emerging markets like Africa and Latin America and developed markets like China and Canada. . Irrigation projects by Water Ways Technologies include vineyards, cotton fields, apple and orange orchards, blueberries, medical cannabis, refrigeration rooms for fresh produce and more, in over 15 countries.

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

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Foresighted statement

Some of the statements contained in this press release constitute “forward-looking information” as such term is defined in Canadian securities legislation in force. The words “can”, “will”, “can”, “should”, “potential”, “will”, “seek”, “shoot”, “plan”, “anticipate”, “believe”, “appreciate”, ” wait “and similar expressions as they relate to Aquarius. All statements, except statements of historical facts, may be forward-looking information. Such statements reflect Water Ways’ current views and intentions regarding future events, and the actual information available to Water Ways, and are subject to certain risks, uncertainties and assumptions. Material factors or assumptions have been applied to the provision of forward-looking information. Many factors may cause actual results, performance or achievements that may be expressed or implied by such forward-looking information to differ from those described here, if one or more of these risks or uncertainties materialize. If any factor suddenly affects Ways, or if the assumptions based on forward-looking information turn out to be inaccurate, the actual results or events may differ materially from the predicted results or events. Any such forward-looking information is expressly qualified in its entirety by this warning statement. Furthermore, Water Ways assumes no responsibility for the accuracy or completeness of such forward-looking information. The forward-looking information contained in this press release is made on the date of this press release and Water Ways assumes no obligation to publicly update or review any forward-looking information, except as required by applicable law. Water Ways results and forward-looking information and calculations may be affected by exchange rate fluctuations. All figures are in Canadian dollars, unless otherwise indicated.