Water Ways Technologies to Develop Hybrid Tomato for Vertical Farms

Tomatoes Growing in a High Tunnel.

Water Ways Technologies Inc., a leading provider of advanced agricultural technologies in North America, announced that it has entered into a strategic Tomato Seed Transfer and Breeding Agreement with BF AGRITECH, an Israeli agricultural technology company specializing in crop development, on July 2.

Under the agreement, Water Ways has engaged BF AGRITECH to develop a proprietary tomato hybrid variety specifically adapted for vertical farming in closed structures.

Per the agreement, Water Ways is required to pay BF AGRITECH $200,000 USD over a 12-month period for the development of the tomato hybrid, with $50,000 payable upon signing. The agreement grants Water Ways a worldwide license to commercially utilize the hybrid, while BF AGRITECH retains all intellectual property rights related to the tomato hybrid. In addition, Water Ways is required to pay BF AGRITECH a 15% royalty on all sales of the tomato hybrid outside of North America. The agreement may be terminated by either party with 30 days’ notice.

Water Ways intends to commence construction of a vertical farming facility dedicated to growing the tomato hybrid variety in Ontario at the end of the year, subject to, among other factors, the successful development of the tomato hybrid.

“This strategic partnership with BF AGRITECH represents a significant step forward in our mission to provide innovative agricultural solutions,” says Ohad Haber, CEO of Water Ways Technologies. “The development of specialized tomato varieties for vertical farming systems aligns perfectly with our commitment to sustainable agriculture and positions us to capitalize on the growing indoor farming market in North America.”

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