Core Insights - Water Ways Technologies Inc. has entered into a strategic Tomato Seed Transfer and Breeding Agreement with BF AGRITECH Ltd to develop a proprietary tomato hybrid variety for vertical farming [1][2] - The agreement includes a payment of USD $200,000 over 12 months, with a 15% royalty on sales outside North America [2] - Water Ways plans to construct a vertical farming facility in Ontario dedicated to the hybrid by Q4 of 2025, contingent on successful development [3][7] Company Overview - Water Ways Technologies is a Canadian provider of advanced agricultural technologies, focusing on water irrigation solutions for agricultural producers in Canada and the USA [5] - The company aims to capitalize on opportunities in micro and smart irrigation, with projects including vineyards and fresh produce cooling rooms [5] Strategic Partnership - The partnership with BF AGRITECH is seen as a significant advancement in Water Ways' mission to provide innovative agricultural solutions [4] - The development of specialized tomato varieties aligns with the company's commitment to sustainable agriculture and the growing indoor farming market in North America [4]
Water Ways Technologies Enters Strategic Partnership for Exclusive Tomato Hybrid Development for Vertical Farming
Globenewswireยท2025-07-02 11:00