Monthly Archives: June 2021

TORONTO, June 30, 2021 (GLOBE NEWSWIRE) — Water Ways Technologies Inc. (TSXV: WWT) (“Water Ways” or the “Company“) today announced the escrow closing of the first tranche (the “First Tranche“) of a private placement (the “Offering“) of up to 33,333,333 units (the “Units“) at a price of CAD$0.12 per Unit, for gross proceeds of up to CAD$4,000,000 (the “Gross Proceeds“). The First Tranche escrow closing will result in the issuance of 27,016,666 Units. Each Unit is composed of one common share of the Company and one common share purchase warrant (the “Warrant“). Each Warrant entitles the holder thereof to acquire one additional common share of the Company (each a “Warrant Share“), upon payment to the Company of CAD$0.18 per Warrant Share until June 30, 2024, however, that if, following July 1, 2022, the volume weighted average price of the Common Shares of the Company for any 10 consecutive trading days equals or exceeds $0.24, the Company may, upon providing written notice to the holders of the Warrants, accelerate the expiry date of the Warrants to the date that is 30 days following the date of such written notice.

The Company expects to pay finder’s fees in association with the Offering, payable in cash, of up to 8% of the Gross Proceeds, and will issue that number of Finder Warrants as is equal to 8% of the Units sold (“Finder Warrants“). Each Finder Warrant will be exercisable into a Unit upon payment by the holder thereof of CAD$0.12 per Unit. In connection with the First Tranche closing, the company will issue 2,161,333 Finder Warrants and pay a cash commission of CAD$259,360.

The remaining balance of the Units being offered are expected to close by July 7, 2021.

Closing of the Offering is conditional of receipt of all regulatory approvals including the approval of the TSX Venture Exchange.

Ohad Haber, Chairman and Chief Executive Officer, commented: “This is the first time the Company raised capital since the RTO in March 2019. We will use the funds to finance our growth in the next years.”

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.

For more information, please contact

https://www.water-ways-technologies.com/

Twitter: @WaterWaysTechn1

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Certain statements contained in this press release constitute “forward-looking information” as such term is defined in applicable Canadian securities legislation. The words “may”, “would”, “could”, “should”, “potential”, “will”, “seek”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions as they relate to Water Ways. All statements other than statements of historical fact may be forward-looking information. Such statements reflect Water Ways’ current views and intentions with respect to future events, and current information available to Water Ways, and are subject to certain risks, uncertainties and assumptions. Material factors or assumptions were applied in providing forward-looking information. Many factors could cause the actual results, performance or achievements that may be expressed or implied by such forward-looking information to vary from those described herein should one or more of these risks or uncertainties materialize. Should any factor affect Water Ways in an unexpected manner, or should assumptions underlying the forward-looking information prove incorrect, the actual results or events may differ materially from the results or events predicted. Any such forward-looking information is expressly qualified in its entirety by this cautionary statement. Moreover, Water Ways does not assume responsibility for the accuracy or completeness of such forward-looking information. The forward-looking information included in this press release is made as of the date of this press release and Water Ways undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law. Water Ways’ results and forward-looking information and calculations may be affected by fluctuations in exchange rates. All figures are in Canadian dollars unless otherwise indicated.

TORONTO, June 24, 2021 (GLOBE NEWSWIRE) — Water Ways Technologies Inc. (TSXV: WWT) (“Water Ways” or the “Company“), is pleased to announce that its Canadian subsidiary, Heartnut Grove WWT Inc. has entered into a distribution agreement with Amiad Water Systems Ltd. (“Amiad“) (LON: AFS), a leading global producer of automatic, self-cleaning water treatment and filtration products and systems, to distribute water filtration systems in Canada. Under the terms of the agreement, Heartnut Grove WWT Inc. will become an official distributor of Amiad’s filtration systems in Canada.

Ohad Haber, Chairman and Chief Executive Officer, commented: “I am extremely satisfied to announce our alliance with Amiad. Amiad is a world leader we have been working with to supply hi-tech water filtration systems to our irrigation projects around the world. This is a unique opportunity to position Amiad and Water Ways as global leaders in delivering smart filtration technologies to the Canadian farming industry.”

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.

For more information, please contact

https://www.water-ways-technologies.com/
Twitter: @WaterWaysTechn1

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Certain statements contained in this press release constitute “forward-looking information” as such term is defined in applicable Canadian securities legislation. The words “may”, “would”, “could”, “should”, “potential”, “will”, “seek”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions as they relate to Water Ways. All statements other than statements of historical fact may be forward-looking information. Such statements reflect Water Ways’ current views and intentions with respect to future events, and current information available to Water Ways, and are subject to certain risks, uncertainties and assumptions. Material factors or assumptions were applied in providing forward-looking information. Many factors could cause the actual results, performance or achievements that may be expressed or implied by such forward-looking information to vary from those described herein should one or more of these risks or uncertainties materialize. Should any factor affect Water Ways in an unexpected manner, or should assumptions underlying the forward-looking information prove incorrect, the actual results or events may differ materially from the results or events predicted. Any such forward-looking information is expressly qualified in its entirety by this cautionary statement. Moreover, Water Ways does not assume responsibility for the accuracy or completeness of such forward-looking information. The forward-looking information included in this press release is made as of the date of this press release and Water Ways undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law. Water Ways’ results and forward-looking information and calculations may be affected by fluctuations in exchange rates. All figures are in Canadian dollars unless otherwise indicated.

TORONTO, June 14, 2021 (GLOBE NEWSWIRE) — Water Ways Technologies Inc. (TSXV: WWT) (“Water Ways” or the “Company“), is pleased to announce that further to the company’s press release dated November 23, 2020, its Chinese subsidiary has completed the delivery and installation of a 20 hectare turnkey blueberries irrigation project in the Province of Yunnan in China ordered by Driscoll’s subsidiary. The total value of the project was CAD$460,000. Driscoll’s is the global market leader for fresh strawberries, blueberries, raspberries and blackberries. With more than 100 years of farming heritage and hundreds of independent growers around the world, Driscoll’s is passionate about growing great tasting berries.

Ohad Haber, Chairman and Chief Executive Officer, commented: “This is a very important customer for us given Driscoll’s size and reach in the industry. This is our first irrigation project with a multinational food grower like Driscoll’s, and I am confident that successful delivery of the project will result in additional projects with Driscoll’s, especially in key markets like China. We launched a subsidiary in China last year and are excited about growth prospects in countries like China and with key customers like Driscoll’s.”

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.

For more information, please contact

https://www.water-ways-technologies.com/
Twitter: @WaterWaysTechn1

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Certain statements contained in this press release constitute “forward-looking information” as such term is defined in applicable Canadian securities legislation. The words “may”, “would”, “could”, “should”, “potential”, “will”, “seek”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions as they relate to Water Ways. All statements other than statements of historical fact may be forward-looking information. Such statements reflect Water Ways’ current views and intentions with respect to future events, and current information available to Water Ways, and are subject to certain risks, uncertainties and assumptions. Material factors or assumptions were applied in providing forward-looking information. Many factors could cause the actual results, performance or achievements that may be expressed or implied by such forward-looking information to vary from those described herein should one or more of these risks or uncertainties materialize. Should any factor affect Water Ways in an unexpected manner, or should assumptions underlying the forward-looking information prove incorrect, the actual results or events may differ materially from the results or events predicted. Any such forward-looking information is expressly qualified in its entirety by this cautionary statement. Moreover, Water Ways does not assume responsibility for the accuracy or completeness of such forward-looking information. The forward-looking information included in this press release is made as of the date of this press release and Water Ways undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law. Water Ways’ results and forward-looking information and calculations may be affected by fluctuations in exchange rates. All figures are in Canadian dollars unless otherwise indicated.

TORONTO, June 01, 2021 (GLOBE NEWSWIRE) — Water Ways Technologies Inc. (TSXV: WWT) (“Water Ways” or the “Company“), is pleased to announce that it received the fifth commercial order, effective May 23, 2021, for its Medical Cannabis Internet of Things (“IOT“) water and control system. The CAD$315,000 order was received from an Israeli Licensed Producer who is currently building a 7,000 Square meters (approximately 75,000 Sq/ft) Medical Cannabis Cultivation facility in of Israel. The system is an IOT controlled Water & Control system for Cannabis cultivators and growers. The Company expects to deliver and install the system by the end of 2021.

The purpose of the IOT system is to increase the yield and consistency for cannabis growers and cultivators while maintaining high quality, as well as reducing energy, water, and fertilization costs. The system was developed in Israel by the Company’s research and development staff of engineers using the Company’s unique experience and knowledge gained in the irrigation and control industry.

The system is comprised of the following components:

• A precise drip irrigation system to maximize the cannabis plants nutritional absorption together with full monitoring and control of the plant water content as well as nutrition availability during the different growing stages.
• A fertilizing system composed of two main components: raw fertilizer tanks and dosing pumps that inject accurate fertilizer formulation into the different compartments of the facility.
• Drainage collection, filtration, and water treatment systems.
• Monitoring and operating all the climate systems include HVAC, Lighting, air circulation, etc.
• An IOT control gateway. An IOT Control Gateway is an integral component of the system which is comprised of an industrial controller and integrated specially developed software to monitor and control various components of the cultivation project. The system allows to control the whole cultivation process by allowing the user to adjust the following features:
  • Irrigation, fertilizing & filtration system.
  • Climate system monitoring and control.
  • Structural systems (benches, darkening & thermal screens, curtains, heating, dehumidification, ventilation, fans, etc.).

The controller and software are connected and synchronized with a local controller or sensors within the facility. The controller gathers data in a local and remote cloud so the cultivation management staff can use this information to track trends, symptoms and correctly manage their facility.

The controller software can be installed on smart phones, PCs, and local controller touch screens, allowing the growers to decide who is permitted to use the controller, and control it over the web remotely.

Ohad Haber, President, CEO and Chairman of the Board of Water Ways, commented: “This is the fifth order of the system in Israel which is a proof of the advantages our technology offers to medical cannabis growers. The system’s first client, Cronos Israel, finished its implementation in 2020. So far, The system has been delivered within Israel and the Company intends to focus its efforts selling it internationally and expand to additional markets and to additional indoor crops.”.

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.

https://www.water-ways-technologies.com/

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Certain statements contained in this press release constitute “forward-looking information” as such term is defined in applicable Canadian securities legislation. The words “may”, “would”, “could”, “should”, “potential”, “will”, “seek”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions as they relate to Water Ways. All statements other than statements of historical fact may be forward-looking information. Such statements reflect Water Ways’ current views and intentions with respect to future events, and current information available to Water Ways, and are subject to certain risks, uncertainties and assumptions. Material factors or assumptions were applied in providing forward-looking information. Many factors could cause the actual results, performance or achievements that may be expressed or implied by such forward-looking information to vary from those described herein should one or more of these risks or uncertainties materialize. Should any factor affect Water Ways in an unexpected manner, or should assumptions underlying the forward-looking information prove incorrect, the actual results or events may differ materially from the results or events predicted. Any such forward-looking information is expressly qualified in its entirety by this cautionary statement. Moreover, Water Ways does not assume responsibility for the accuracy or completeness of such forward-looking information. The forward-looking information included in this press release is made as of the date of this press release and Water Ways undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law. Water Ways’ results and forward-looking information and calculations may be affected by fluctuations in exchange rates. All figures are in Canadian dollars unless otherwise indicated.