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Water Ways Technologies is pleased to announce that it had signed an agreement to deliver a strawberry irrigation project in Ethiopia with a value of CAD $330,000 subject to receipt from the client of an irrevocable letter of credit. The strawberry irrigation project covers an area of 20 hectares of greenhouses, using Israeli drip irrigation technology. Water Ways expects to recognize revenue from the project in the second and third quarter of 2021.

Water Ways signed the agreement with a wholly-owned subsidiary of Midroc Ethiopia Investment Group, one of the largest investment companies operating in Ethiopia. Previously, Water Ways successfully implemented projects with the Group in 2020.

Ohad Haber, Chairman and Chief Executive Officer, commented: “Our business in Ethiopia is having a strong start in 2021. This is also the first irrigation project in Ethiopia implemented by Water Ways for higher-value crops such as strawberries, blueberries, and Cannabis.”

For more information:
Water Ways Technologies
info@waterwt.com
water-ways-technologies.com