- Water Ways’ (WWT) Strawberry Irrigation Project in Ethiopia Expands to C$470,000
- The strawberry irrigation project covers an area of 20 hectares of greenhouses, using Israeli drip irrigation technology
- Midroc Ethiopia Investment Group, one of the largest investment companies operating in Ethiopia
- The expansion uses advanced Israeli technology of water delivery system, from Lake Tana
- Water Ways Technologies Inc. (WWT) is in the grey and is trading at C$0.12 at 9:51 am ET
Water Ways Technologies Inc. (WWT) has expanded to a value of approximately C$470,000.
The strawberry irrigation project covers an area of 20 hectares of greenhouses, using Israeli drip irrigation technology.
Water Ways signed the agreements with a wholly-owned subsidiary of Midroc Ethiopia Investment Group, one of the largest investment companies operating in Ethiopia following a successful implementation of projects previously signed with the group in 2020.
The expansion uses advanced Israeli technology of water delivery system, from Lake Tana, the largest lake in Ethiopia and the source of the Blue Nile, to the project.
Ohad Haber, Chairman, and Chief Executive Officer commented: “We continue to see strong orders coming from Ethiopia.”
“This proves that our strategy of focusing on higher-value crops such as strawberries, blueberries, and Cannabis is starting to gain acceptance,” concluded Haber.
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.
Water Ways Technologies Inc. (WWT) is in the grey and is trading at C$0.12 at 9:51 am ET.
