CAD$4M Cotton Irrigation Project in Central Asia

Water Ways Signs Largest Contract in Company History; CAD$4M Cotton Irrigation Project in Central Asia

The Company's' Employee in a Cotton Field in Uzbekistan

The Company's' Employee in a Cotton Field in Uzbekistan

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TORONTO, Feb. 16, 2021 (GLOBE NEWSWIRE) -- Water Ways Technologies Inc. (TSXV: WWT) (" Water Ways " or the " Company "), is pleased to announce the signing, effective January 28, 2021, of a contract for a large cotton irrigation project in Uzbekistan. The value of the project is approximately CAD$4,054,000 and is to be completed in the second quarter of 2021. Water Ways was chosen to execute the project with the same customer for which the Company completed a very successful implementation of a similar project in Uzbekistan in 2019.

The Water Ways solution deploys fully automated drip irrigation technology across a field of 1,200 hectares of cotton and includes 4 reservoirs totaling 141,000 cubic metre for water security and sedimentation of silt, fed by water channels. Water Ways will provide assistance implementing and optimizing the technology in order to improve the yield and output of the farm.

Water Ways believes that it is well positioned to continue to provide drip irrigation technology to the Central Asian cotton producer market given its track record, expertise and local government mandates for water and soil conservation. Recently, flood irrigation has caused numerous environmental problems in Uzbekistan, including soil salinity, which may lead to soil erosion, detrimental effects on future crops, sedimentation problems and damage to infrastructure. Drip irrigation can lower soil salinity significantly and, combined with fertigation practices, increase yields for the growers whilst conserving water.

Ohad Haber, the Company's Chairman and CEO commented:  " Our  long- term goal is to establish Water Ways  as  a leading irrigation and  agro - technology provider . We have just received the largest irrigation project in the Company's history.   We  are  increasin g  our revenues  through  the provision of sophisticated  agro -technology platforms   following successful delivery of a Cotton project in 2019.   In  markets such as Uzbekistan  we continue to assist  the government in water conservation and increasing cotton yields. "

About Water Ways Technologies

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. At present, Water Ways Technologies' main revenue streams are derived from the following business units: (i) Projects Business Unit; and (ii) Component and Equipment Sales Unit. Water Ways Technologies is capitalizing on the opportunities presented by micro and smart irrigation, while also making a positive mark on society by making these technologies more widely available, especially in developing markets such as Africa and Latin America and developed markets such as China and Canada. Water Ways Technologies irrigation projects include vineyards, Cotton fields, Apple and Orange orchards, Blueberries, Medical Cannabis, fresh produce cooling rooms and more, in over 15 countries.

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Taxonomy

• Irrigation
• Irrigation Management