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3 Agriculture stocks poised for big gains in 2022! EarthRenew, Water Ways and MustGrow

I have been bullish on the agriculture space. Perhaps my favorite sector after precious metals. It all began on a hot summer night in 2021 on the west coast of Canada. I outlined my thoughts on why I was going all in agriculture in my piece titled “Why I am going big on agriculture after the record heatwave“. In that article I outlined my 4 fundamental reasons. They will be briefly summarized below, but be sure to check out my full piece for more details. The reasons I was, and still am, bullish on agriculture are as follows:

  1. Jim Rogers (under the radar sector and no young people want to work hard to be farmers anymore. A lot of farmers are hitting very old age)
  2. The Weather (pretty self explanatory but unpredictable and erratic weather will mess up planting and harvesting)
  3. Supply Chain Issues (already seeing the effects of this now)
  4. Green/Clean Energy (if we go full solar and wind, these need to be built where there is a lot of sunlight and wind. This tends to be where the best farming land is situated)

Little did I know that geopolitics would be a reason, and the breadbasket of Europe would be invaded.

Since that inaugural agriculture post, I have followed up with weekly agriculture sector roundups. I have provided my readers with an opportunity to play wheat, soybeans and corn just before they broke out of major technical patterns. One of my New Year 2021 market outlooks. Readers saw our targets hit within the first three months and the uptrend continues to this day.

I even warned readers about a potential fertilizer/potash shortage way before the Russia-Ukraine situation began. I have done a follow up piece recently on shortages which can be read here. For macro players, these are the countries I would be worried about:

In summary, my agriculture readers are happy readers. Due to the popularity in this space, I have been asked what are some of the best ways to play agriculture in 2022. There are various ways. I do recommend readers to have a major player that pays a dividend. Whether it be Deere, Nutrien, or my personal favorite, Loblaws. The latter might not be typical agriculture, but higher food prices are connected with agriculture obviously.

Surging Food Inflation Starts to Erode U.S. Purchasing Power - Bloomberg

In this article, I have decided to list three smaller cap companies on the Canadian exchange dealing with various issues in agriculture. Something for everyone.

These companies are some of the most popular companies among my readers, and are companies that I have put my own money in (Disclaimer: I own shares in all of them).

The agriculture space will be seeing a big interest in upcoming months. We will be seeing headlines of food shortages and higher food prices. This is your time to get ahead of the crowd.

 

EarthRenew (ERTH.CN)

EarthRenew produces and sells organic fertilizers from livestock waste in North America and Europe. It also produces electricity from natural gas using an industrial-sized gas turbine and supplies to electrical grids and cryptocurrency miners. The company sells fertilizers under GrowER and GrowER Biochar names.

The company produces organic fertilizer production through their patented thermal processing technology transforming livestock manure into the good stuff for plant growth and restoring soil health. This organic fertilizer also offers 20% to 40% higher yields than the equivalent chemical fertilizer! And it’s good for the environment! $70 million has been invested into both the development and commercialization of this technology.

Recently, it has all been about the acquisition of sustainable fertilizer innovator Replenish Nutrients. Replenish Nutrients delivers leading regenerative fertilizer solutions to support a farm system that puts healthy soils and grower profitability back on the table. By combining Canadian-sourced nutrients with their proprietary delivery system, they have developed a sustainable alternative to synthetic fertilizers that enhances overall soil function and biology while providing valuable plant-available nutrients farmers rely upon for healthy crops.

The company is looking to benefit from the supply and demand imbalances in the current fertilizer market. EarthRenew is scaling up production at its Beiseker prototype facility in Alberta, and are securing a number of blending sites to increase production of their regenerative fertilizer.

We here at Equity Guru are big fans of EarthRenew. The guru himself, Chris Parry had great things to say about the company in one of his recent daily rants:

The most recent news had to do with Q4 and full year 2021 earnings. Here are some highlights:

  • On a consolidated basis, the total annual revenue of EarthRenew was $12.3 million.
  • On a proforma basis the consolidated revenue with the acquisition of Replenish would have been $15.2 million representing an approximate doubling of fertilizer sales from the previous year (on a combined basis)
  • EarthRenew is reporting $7.7 million in revenues for the fourth quarter of 2021, generating a gross margin of $2.2 million or 29% and an overall net loss of $(432,737), while generating positive earning before tax during the fourth quarter in the fertilizer segment of $495,871.

High prices for synthetic fertilizer coupled with record grain prices for canola, barley and wheat combine to create a strong seasonal sales environment for sustainable fertilizers. Said CEO Keith Driver, “The last year has been extraordinary for us. We have put ourselves on the map with the acquisition of sustainable fertilizer innovators, Replenish Nutrients who have proven the Company’s ability to deliver on revenue targets. Now we are looking ahead and forecasting an increase in revenue from fertilizers of approximately $24 million for 2022.”

Mark May 19th 2022 on your calendar. This is when EarthRenew will provide us with forward guidance.

When it comes to the stock chart, I told Equity Guru readers that this stock is one of the best looking technical setups on the market. The breakout was called in my article about EarthRenew back on February 16th 2022. I even made a video laying out the technical setup:

TradingView Chart

Readers who have followed my work have a nice 100% plus gain on the stock. The good news? The uptrend structure still holds! Note my uptrend line which we are retesting currently. So far buyers have stepped in and the uptrend has continued. More higher highs and higher lows are possible as long as this structure holds. The technicals are solid, and the macro fundamentals are also positive. We have an alignment of both fundamentals and technicals. A winner in my book.

 

Water Ways Technologies (WWT.V)

Water Ways is a global provider of Israeli-based agriculture technology, providing water irrigation solutions to agricultural producers. They focus on developing solutions with commercial applications in the micro and precision irrigation segments of the overall market. Current main revenue streams are derived from project business units and component and equipment sales.

The company has 138 completed projects in multiple countries including China, Uzbekistan, Chile and Mexico just to name a few.

If you take a look at their press releases, you see tons of positive and consistent news regarding new projects and orders.

Water Ways reported 2021 financial results on Thursday April 28th 2022. Here are highlights including record sales of CAD $20.2 Million:

  • Total Revenues for the year ended December 31, 2021, increased 59% to CAD$20.3 million compared to CAD$12.7 million for the year ended December 31, 2020.
  • Service Project revenue stream increased substantially to CAD$8.7 million compared to CAD$3.1 million for the year ended December 31, 2021 and 2020, respectively, for total project revenue growth of 180%.
  • The Company installed and delivered the largest contract in its history, in Uzbekistan, resulting in revenue of over CAD$4 million.
  • All the Company’s operating subsidiaries achieved record sales.
  • Strong 2021 Q4 sales CAD$4.5 million compared to CAD$3.2 million in Q4 of 2020, an increase of 41% Year over Year.
  • Adjusted EBITDA of CAD$0.2 million compared to a loss for the year ended December 31, 2021 and 2020, respectively (Company’s definition of “Adjusted EBITDA” can be found in the MD&A, a non-GAAP measure with adjustments driven substantially by Share based payments).
  • As of December 31, 2021, the Company’s cash and cash equivalents were CAD$3.3 million, compared to CAD$0.4 million for the year ended December 31, 2020.
  • As of December 31, 2021, total working capital was CAD$4.6 million compared to CAD$0.02 million as of December 31, 2020.
  • Share price increased 566% from CAD$0.045 in December 31, 2020 to CAD$0.30 as of December 31, 2021.
  • The Company completed an oversubscribed private placement of CAD$4.5 million in August 2021.

TradingView Chart

The stock hit record highs of $0.445 earlier this year before topping off. I was watching for a bounce at the uptrend line which coincided with $0.35. Unfortunately, this did not happen. The stock found some support at $0.275. The month of April 2022 saw the stock do nothing but range. There was no momentum taking the stock higher.

I am watching $0.275 to act as support again. If this breaks, I would watch the $0.25 psychological level, but a better support comes in at $0.225.

 

MustGrow Biologics (MGRO.CN)

When it comes to the agriculture space the one thing I love is innovation. Human ingenuity and genius at its finest.

One such company that has caught my eye is MustGrow Biologics. An agriculture biotech company focused on providing natural science-based biological solutions for high value crops, including fruits & vegetables and other industries. MustGrow has designed and owns a US EPA-approved natural solution that uses the mustard seed’s natural defense mechanism to protect plants from pests and diseases. Over 110 independent tests have been completed, validating MustGrow’s safe and effective signature technologies.

The product, in granule format, is EPA-approved across all key US states and by Health Canada’s PMRA (Pest Management Regulatory Agency) as a biopesticide.

MustGrow has now concentrated a mustard extract biopesticide in liquid format, TerraMG, and with regulatory approval, could be applied through standard drip or spray equipment, improving functionality and performance features. In addition, the Company’s mustard-derived extract technologies could have other applications in several different industries from preplant soil treatment, to weed control, to postharvest disease control and food preservation.

The company’s technology is definitely attracting the eyes of big players. Japanese company Sumitomo Corporation and MustGrow announced an exclusive agreement in Summer of 2021 to evaluate MustGrow’s technology to determine commercial potential.

Sumitomo Corporation has the option to acquire exclusive rights to MustGrow’s technology for preplant soil fumigation, bioherbicide, postharvest and food preservation for potatoes, and bananas in North, Central, and South America. Field trials are on going and so far, successful.

The company pulled off financing, including a substantial upsizing from $2 million to $6.9 million at a price per unit of $2.60, including Ira Gluskin and Gluskin-related parties.

In 2022, MustGrow announced two more exclusive agreements with Bayer and Janssen PMP, a division of Janssen Pharmaceutica NV, one of the Janssen Pharmaceutical Companies of Johnson & Johnson.

Bayer has the option to acquire exclusive rights to MustGrow’s technologies for preplant soil fumigation, bioherbicide applications and postharvest food preservation of potatoes including sprout inhibition in the regions of Europe, Asia Pacific, Middle East and Africa.

Janssen will test and develop MustGrow’s biological mustard plant-based technologies for certain postharvest food preservation storage applications globally.

TradingView Chart

MustGrow stock had a great 2021. In 2022, the stock has pulled back and has been kept in a range between $3.00 and $4.00. The stock is testing the major $3.00 support zone as I write this article. I expect to see a wall of buyers here, just as we saw with the test on April 28th 2022 with the large hammer wick candle.

Big names have their eyes on MustGrow’s technology. Field trials are ongoing. This is a stock that just needs that final positive catalyst for a major move. Buyout candidate anyone?

 

 

Irri-AlTal-93

Water Ways Reports 2021 Financial Results: Record Sales of CAD$20.2 Million and a 59% Increase Year Over Year

TORONTO, April 28, 2022 (GLOBE NEWSWIRE) — Water Ways Technologies Inc. (TSXV: WWT) (FRA: WWT) (“Water Ways” or the “Company“), a global provider of Israeli-based agriculture technology, providing water irrigation solutions to agricultural producers, announces the filing of its Annual Financial Statements (the “Statements“) and Managements Discussion and Analysis (the “MD&A“) for the year ended December 31, 2021. A comprehensive discussion of Water Ways’ financial position and results of operations is provided in the MD&A, filed on SEDAR (www.sedar.com)

Ohad Haber, President, CEO and Chairman of the Board of Water Ways, states: “2021 was a record year for Water Ways. We grew in sales in all existing territories and continue to establish ourselves as a global provider for irrigation solutions. I would like to take the opportunity to thank our devoted team for their efforts during this demanding period of work that assisted Water Ways to succeed in what was a challenging year globally”.

On Tuesday, May 3, 2022, at 9 am Eastern Time, Water Ways’ CFO, Dor Sneh and Ronnie Jaegermann, Director, will host a live webinar with a corporate update, earnings discussion and outlook for 2022 and beyond. An Investor question-and-answer session will follow.

Register: Water Ways Technologies: 2021 financial results

Highlights – Year ended December 31, 2021 (the following information should be read in conjunction with, and is qualified by, the Statements and the MD&A)

  • Total Revenues for the year ended December 31, 2021, increased 59% to CAD$20.3 million compared to CAD$12.7 million for the year ended December 31, 2020.
  • Service Project revenue stream increased substantially to CAD$8.7 million compared to CAD$3.1 million for the year ended December 31, 2021 and 2020, respectively, for total project revenue growth of 180%.
  • The Company installed and delivered the largest contract in its history, in Uzbekistan, resulting in revenue of over CAD$4 million.
  • All the Company’s operating subsidiaries achieved record sales.
  • Strong 2021 Q4 sales CAD$4.5 million compared to CAD$3.2 million in Q4 of 2020, an increase of 41% Year over Year.
  • Adjusted EBITDA of CAD$0.2 million compared to a loss for the year ended December 31, 2021 and 2020, respectively (Company’s definition of “Adjusted EBITDA” can be found in the MD&A, a non-GAAP measure with adjustments driven substantially by Share based payments).
  • As of December 31, 2021, the Company’s cash and cash equivalents were CAD$3.3 million, compared to CAD$0.4 million for the year ended December 31, 2020.
  • As of December 31, 2021, total working capital was CAD$4.6 million compared to CAD$0.02 million as of December 31, 2020.
  • Share price increased 566% from CAD$0.045 in December 31, 2020 to CAD$0.30 as of December 31, 2021.
  • The Company completed an oversubscribed private placement of CAD$4.5 million in August 2021 (the “Private Placement“).
  • During the third quarter, the Company’s shares began trading on most German Stock Exchanges under the symbol WWT.
  • In August, the Company granted its employees and directors RSU’s and options totaling CAD$0.67 million.
  • Derivative Liability – Warrants relates to a classification under IFRS of outstanding warrants issued as part of the Private Placement as a non-cash liability that arises due to the difference in operational currency and functional currency. This liability is revalued each period by an independent third party. The increase in share price in the period resulted in a significant non-cash finance expense through the Company’s profit and loss account. The related liability does not represent a financial obligation as there are no additional payment obligations required of the Company. The Company recorded a loss from the revaluation of derivative liability of $5.1 million during the year ended December 31, 2021.

Water Ways Technologies Financial Results Summary (CAD$ in thousands)

The following tables set forth the highlights of the consolidated financial information of the Company and should be read in conjunction with the Statements and the notes thereto.

For the year ended December 31,
(CAD in thousands) 2021 2020 Change %
Revenues:
Services Projects 8,763 3,132 179.8%
Products 11,492 9,585 19.9%
Total Revenues 20,255 12,717 59.3%
Cost of Sales 16,545 10,871 52.2%
Gross Profit 3,710 1,846 101.0%
Gross Profit Margin % 18.3% 14.5%
Operating Expenses 4,896 3,027
Revaluation of derivatives 5,191
Financial expense (income), net 277 213
Taxes on Income (recovery) (6) (118)
Loss for the period (6,647) (1,276)

 

(CAD in thousands) As of December 31,
2021
As of December 31,
2020
Change %
Balance Sheet Items:
Cash and Cash Equivalents 3,295 407 710.2%
Total Current Assets 12,279 6,992 75.6%
Total Assets 15,321 10,115 51.5%
Total Current Liabilities 7,706 6,976 10.5%
Total Non-Current Liabilities 8,589 2,505 242.9%

Adjusted EBITDA
For the year ended December 31
CAD$ in thousands 
2021 2020
Operating profit (loss) -1,186 -1,161
Depreciation and Amortization 243 94
Listing Expenses 114
Share-Based Payments 667 26
Global Expansion & Relocation Expenses 156
Other Non recurring items 176
Total Adjustments 1,356 120
Adjusted EBITDA 171 -1,041

About Water Ways Technologies Inc.
WWT through its subsidiaries, is a global provider of Israeli-based agriculture technology, providing water irrigation solutions to agricultural producers. WWT 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, WWT’s main revenue streams are derived from the following business units: (i) Projects Business Unit; and (ii) Component and Equipment Sales Unit. WWT 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. WWT’s irrigation projects include vineyards, Cotton fields, Apple and Orange orchards, Blueberry, Medical Cannabis growers, fresh produce cooling rooms and more, in over fifteen countries.

For more information, please contact

Ronnie Jaegermann Dor Sneh Dr. Eva Reuter
Director CFO Investor Relations – Germany
T: +972-54-4202054 T: +972-54-6512500 +49 69 1532 5857
E: ronnie@waterwt.com E: dor@irri-altal.com E: e.reuter@dr-reuter.eu

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

https://www.hg-wwt.com/

Twitter: @WaterWaysTechn1

Neither the 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.

wwt-smart-irrigation

Water Ways to Deliver a C$425,000 Second Smart Blueberries Irrigation Project in Mexico

TORONTO, April 21, 2022 (GLOBE NEWSWIRE) — Water Ways Technologies Inc. (TSXV: WWT) (FRA: WWT) (“Water Ways” or the “Company“), a global provider of Israeli-based agriculture technology, providing water irrigation solutions to agricultural producers, announces that it has received a new purchase order to install a smart turnkey blueberries irrigation project in Mexico. The project is expected to be delivered and installed during Q3 of 2022. The total value of the order is approximately C$425,000. The order followed the successful implementation of several blueberries irrigation projects in China and Mexico. The Company expects to recognize revenues from the project during Q3 of 2022.

Ohad Haber, Chairman and Chief Executive Officer, commented: “I am pleased to receive a second order for the Blueberries smart irrigation system in less than a year in Mexico. We are developing a reputation for being a leader in delivering irrigation systems that are tailor-made for enhancing yield and crop quality for high value crops. Blueberries irrigation is becoming a growth factor for our worldwide business and this is the fifth project we are delivering in the last two years.”

About Water Ways Technologies Inc.
WWT through its subsidiaries, is a global provider of Israeli-based agriculture technology, providing water irrigation solutions to agricultural producers. WWT 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, WWT’s main revenue streams are derived from the following business units: (i) Projects Business Unit; and (ii) Component and Equipment Sales Unit. WWT 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. WWT’s irrigation projects include vineyards, Cotton fields, Apple and Orange orchards, Blueberry, Medical Cannabis growers, fresh produce cooling rooms and more, in over fifteen countries.

For more information, please contact

Ronnie Jaegermann Dor Sneh Dr. Eva Reuter
Director CFO Investor Relations – Germany
T: +972-54-4202054 T: +972-54-6512500 +49 69 1532 5857
E:ronnie@waterwt.com E:dor@irri-altal.com E:e.reuter@dr-reuter.eu

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

https://www.hg-wwt.com/

Twitter: @WaterWaysTechn1

Neither the 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 Technologies Inc. (“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 and its own share prices. All figures are in Canadian dollars unless otherwise indicated.

Irri-AlTal-22

Water Ways Receives Two Smart Irrigation Systems Orders in Canada With a Total Value of CAD$500,000

TORONTO, March 09, 2022 (GLOBE NEWSWIRE) — Water Ways Technologies Inc. (TSXV: WWT) (FRA: WWT) (“Water Ways” or the “Company“), a global provider of Israeli-based agriculture technology, providing water irrigation solutions to agricultural producers, announces that its Canadian subsidiary, Heartnut Grove WWT Inc.(“HGWWT“), based in Mt. Brydges, Ontario, received two orders to design and construct complete smart irrigation and fertigation projects (the “Projects“).

The first project will be deployed to a field of 34 Hectares (84 Acres) growing apples in southern Ontario.

The second project was ordered by a recurring customer and will be deployed to a field of growing tomatoes.

The Projects with a total value of CAD$500,000 will use the latest Israeli technologies for smart irrigation & control systems and are designed by Water Ways’ engineers. HGWWT expects to deliver and install the Projects in the second quarter of 2022.

Ohad Haber the Company’s Chairman and CEO commented: This is the first two smart irrigation orders we received in Canada in 2022. Our Canadian operating subsidiary, headed by CEO John Pol, is succeeding to becoming a major growth factor for WWT and I am sure that we will continue our rapid growth in Canada in the coming years.”

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/db11f213-5899-4219-91a5-0b2f56641520

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, Blueberry, Medical Cannabis growers, fresh produce cooling rooms and more, in over fifteen countries.

For more information, please contact
Ronnie Jaegermann
Director
T: +972-54-4202054
E: ronnie@waterwt.com
Dor Sneh
CFO
T: +972-54-6512500
E: dor@irri-altal.com
Dr. Eva Reuter
Investor Relations – Germany
+49 69 1532 5857
E: e.reuter@dr-reuter.eu

https://www.water-ways-technologies.com/
https://www.hg-wwt.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 and its own share prices. All figures are in Canadian dollars unless otherwise indicated.

water-ways-image

Water Ways’ Uzbekistan Project Backlog Increases to CAD$9,400,000 After Signing Third Project in Uzbekistan Totaling CAD$2,700,000

TORONTO, Feb. 14, 2022 (GLOBE NEWSWIRE) — Water Ways Technologies Inc. (TSXV: WWT) (FRA: WWT) (“WWT” or the “Company“), a global provider of Israeli-based agriculture technology, providing water irrigation solutions to agricultural producers is pleased to announce the signing, effective February 9, 2022, of a third cotton smart drip irrigation project in Uzbekistan increasing project backlog to be executed in 2022 to over CAD$9,400,000 (compared to $CAD6,700,000 previously disclosed in our press release dated January 31, 2022).

The value of the third project in the Bukhara province of Uzbekistan is CAD$2,700,000 and is planned to be completed by the third quarter of 2022. The agreement includes CAD$100,000 in service and consulting services. The project irrigates using fully automated drip irrigation technology servicing a field of 886 hectares of cotton. The project includes the construction of 6 reservoirs of water and 6 complete head controls. Each head control consists of pumping system, filtration, pressure management units, fertigation, and a cloud based automation system which will activate and operate the entire system.

Operation of the smart irrigation systems will start in the next cotton cultivation season with agronomic and technical assistance from WWT to help the local farm in utilizing the new system and implementing agro-technical practices to improve the yield and output of the farm. WWT believes that drip irrigation for cotton is part of the Uzbek government’s national plan for water and soil conservation. Over the past several years, flood irrigation has caused numerous environmental problems in Uzbekistan, the main one being soil salinity, which may lead to soil erosion, detrimental effects on future crops, sedimentation problems and damage to infrastructure. WWT believes that drip irrigation will lower soil salinity significantly and combined with fertigation practices, will increase yields for the growers whilst conserving water.

All three projects totalling CAD$9,400,000 are repeat orders from a recurring customer who ordered a CAD$4,000,000 system in 2021, validating the quality of the Company’s products, service and customer relations. All payments to Water Ways are secured by Irrevocable Letters of Credit.

Water Ways is currently negotiating additional agreements in Uzbekistan which it hopes to sign in the coming months in the field of smart irrigation in various crops.

Ohad Haber, WWT’s Chairman and CEO commented: This order brings the backlog of projects to CAD$9,400,000, the largest we ever had in February since I started Water Ways 18 years ago. I expect our business to grow substantially in 2022 as we are seeing increased demand for smart irrigation in many countries around the world.”

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/120f3f84-7ace-4147-b680-a148b6f5e972

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, Blueberry, Medical Cannabis growers, fresh produce cooling rooms and more, in over fifteen countries.

For more information, please contact
Ronnie Jaegermann
Director
T: +972-54-4202054
E: ronnie@waterwt.com
Dor Sneh
CFO
T: +972-54-6512500
E: dor@irri-altal.com
Dr. Eva Reuter
Investor Relations – Germany
+49 69 1532 5857
E: e.reuter@dr-reuter.eu

https://www.water-ways-technologies.com/
https://www.hg-wwt.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 and its own share prices. All figures are in Canadian dollars unless otherwise indicated.

Drone photography, aerial view of water irrigation system in cultivated cornfield

Water Ways Signs Largest Smart Irrigation Projects in Company’s History Totaling CAD$6,700,000 With Recurring Customer

TORONTO, Jan. 31, 2022 (GLOBE NEWSWIRE) — Water Ways Technologies Inc. (TSXV: WWT) (FRA: WWT) (” WWT ” or the ” Company “), a global provider of Israeli-based agriculture technology, providing water irrigation solutions to agricultural producersis pleased to announce the signing, effective January 29, 2022, of two cotton drip irrigation projects in Uzbekistan with a total value of CAD$6,700,000.The projectsare repeat orders from a recurring customer who ordered a CAD$4,000,000 system in 2021, validating the quality of the Company’s products, service and customer relations.

The value of the first project in the Surkhandarya province of Uzbekistan is approximately CAD$2,860,000 and is to be completed in the third quarter of 2022. The agreement includes about CAD$102,000 in service and consulting services. The project irrigates using fully automated drip irrigation technology servicing a field of 990 hectares of cotton. The project includes the construction of 4 reservoirs of water and 4 complete head controls. Each head control consists of pumping system, filtration, pressure management units, fertigation, and a cloud based automation system which will activate and operate the entire system.

The value of the second project in the Tashkent province of Uzbekistan is approximately CAD$3,840,000 and is to be completed in the third quarter of 2022. The agreement includes about CAD$313,000 in service and consulting services. The project irrigates using fully automated drip irrigation technology servicing a field of 1,200 hectares of cotton. The project includes the construction of 5 reservoirs and 5 complete head controls. Each head control consists of pumping system, filtration, pressure management units, fertigation, and a cloud based automation system which will activate and operate the entire system similar to the above.

Operation of the systems will start in the next cotton cultivation season with agronomic and technical assistance from WWT in order to help the local farm in utilizing the new system and implementing agro-technical practices to improve the yield and output of the farm. WWT believes that drip irrigation for cotton is part of the Uzbek government’s national plan for water and soil conservation. Over the past several years, flood irrigation has caused numerous environmental problems in Uzbekistan, the main one being soil salinity, which may lead to soil erosion, detrimental effects on future crops, sedimentation problems and damage to infrastructure. WWT believes that drip irrigation will lower soil salinity significantly and combined with fertigation practices, will increase yields for the growers whilst conserving water.

Water Ways is currently negotiating additional similar agreements in Uzbekistan which it hopes to sign in the coming weeks in the field of smart cotton irrigation.

” Our long-term goal is to bring cutting-edge Israeli irrigation and other agro-tech solutions to the world ” said Ohad Haber, WWT’s Chairman and CEO. ” These orders – a repeat order from our largest client to date, and a second, equally substantial order – confirm the trust that clients place in Water Ways Technologies’ experience and expertise. We now plan to leverage that trust to exceed all our financial targets in 2022. We are especially proud of the demonstrable environmental benefits that come with use of our technology 

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ede9fe94-b8ca-4d08-9e4f-4f8d02232eb5

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, Blueberry, Medical Cannabis growers, fresh produce cooling rooms and more, in over fifteen countries.

For more information, please contact
Ronnie Jaegermann
Director
T: +972-54-4202054
E: ronnie@waterwt.com
Dor Sneh
CFO
T: +972-54-6512500
E: dor@irri-altal.com
Dr. Eva Reuter
Investor Relations – Germany
+49 69 1532 5857
E: e.reuter@dr-reuter.eu
https://www.water-ways-technologies.com/
witter: @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 and its own share prices. All figures are in Canadian dollars unless otherwise indicated.

Screenshot 2022-02-06 153803

Water Ways Launches New Website and Announces Shares for Debt Settlement

TORONTO, Jan. 21, 2022 (GLOBE NEWSWIRE) — Water Ways Technologies Inc. (TSXV: WWT) (FRA: WWT) (” Water Ways ” or the ” Company “), a global provider of Israeli-based agriculture technology, providing water irrigation solutions to agricultural producers, announces that it has today agreed to issue to an arms length service provider, up to 102,321 common shares but no less than 88,837 common shares (the ” Shares “) in lieu of payments owing to such service provider in the aggregate amount of $28,650. Issuance of the Shares remains subject to TSXV approval.

The Shares will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

The Company is excited to announce that our new and refreshed website is live. The updated site features improved graphics and an up-to-date project gallery, with dropdown menus for both mobile and desktop versions. We’ve also improved the structure of our content, so you’ll get more from a quick read. A better and improved Investor section detailing the Press Release and Financial Statements of the Company.

Come visit us at: https://water-ways-technologies.com/

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
Ronnie Jaegermann Dor Sneh Dr. Eva Reuter
Director CFO Investor Relations – Germany
T: +972-54-4202054 T: +972-54-6512500 +49 69 1532 5857
E: ronnie@waterwt.com E: dor@irri-altal.com E: e.reuter@dr-reuter.eu

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.

1

Water Ways Technologies Acquires a Majority of the Shares of Hidrotop – A Chilean Irrigation Company

TORONTO, Jan. 12, 2022 (GLOBE NEWSWIRE) — Water Ways Technologies Inc. (TSXV: WWT) (FRA: WWT) (“Water Ways” or the “Company“), a global provider of Israeli-based agriculture technology, providing water irrigation solutions to agricultural producers, is pleased to announce that, it has entered into an agreement with Desarrollo de Sistemas Hidraulicos S.A. (“Hidrotop“), an irrigation company based in Chile, and the shareholders of Hidrotop (collectively the “Sellers“) for the acquisition (the “Acquisition“) of 51% of the shares of Hidrotop (the “Shares“).

Hidrotop is an Irrigation and hydraulic engineering company operating in the agricultural and mining industries in Chile and Argentina. Since 1997, Hidrotop is innovative in the area of irrigation, and has installed over 30,000 hectares of irrigation projects. Hidrotop has professional teams with extensive experience in automation and remote systems administration. Hidrotop’s main objectives are to optimize water usage, implement irrigation in rainfed areas whilst adopting to climate changes and implement high-end technologies. Hidrotop’s CEO, Mr. Patricio Bambach, has vast experience and knowledge in the South American irrigation market as well as developing special techniques using water technologies in the mining industry.

In consideration for the Shares, WWT will pay an aggregate acquisition price of US$3,500,000, upon closing of the Acquisition (the “Closing“) consisting of: (i) a one-time cash payment equal to US$2,000,000; and (ii) issue 5,686,364 common shares in the capital of Water Ways (the “Subject Shares“) at a deemed price per Subject Share of CDN$0.33, subject to a standard four month and one day hold period from Closing. The Subject Shares will be issued as directed by the Sellers. The completion of the Acquisition is anticipated to be on or before February 28, 2022 or such later date as may be mutually agreed upon between the parties.

The Acquisition is subject to satisfactory completion of a due diligence review of Hidrotop, the determination of the appropriate structure of the Acquisition and execution of a definitive agreement relating to the Acquisition. The Acquisition (including the issuance of the Subject Shares) is subject to the fulfillment of certain conditions precedent as are customary for transactions of this nature including the approval of the TSX Venture Exchange.

Ohad Haber the Company’s Chairman and CEO commented on the acquisition: “Our long term goal is to establish Water Ways as a leading irrigation and agriculture technology provider worldwide. We aim to increase and strength our presence in the South American market. By completing the acquisition of Hidrotop, we aim to increase our sales and distribution center for South America serving both the Chilean market and the South American farming community.”

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

Ronnie Jaegermann Dor Sneh Dr. Eva Reuter
Director CFO Investor Relations – Germany
T: +972-54-4202054 T: +972-54-6512500 +49 69 1532 5857
E: ronnie@waterwt.com E: dor@irri-altal.com E: e.reuter@dr-reuter.eu

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.

1625711151320

Water Ways Technologies Strengthens its Board of Directors

TORONTO, Jan. 03, 2022 (GLOBE NEWSWIRE) — Water Ways Technologies Inc. (TSXV: WWT) (FRA: WWT) (“Water Ways” or the “Company“), a global provider of Israeli-based agriculture technology, providing water irrigation solutions to agricultural producers, announces that it has appointed two new board members to its Board of Directors, Mr. Nitin Kaushal and Mr. Daniel Bloch.

Mr. Kaushal, member of the board and audit committee. Mr. Kaushal has served on various audit, governance and compensation committees for NASDAQ and TSX Exchange listed companies, is a member of the Canadian Institute of Chartered Accountants and has over 30 years experience in the finance and investment industries. He has the ability to bridge the financial and scientific arenas, is a very effective negotiator, with proven leadership, motivational and relationship skills. He has participated in capital market transactions ranging from private placements to initial public offerings to bought deal underwritings in excess of $2B. Mr. Kaushal sits on a number of public and private company boards, including Delta 9 Cannabis Inc., High Tide Inc., VieMed Healthcare Inc., Starton Therapeutics Inc., Flower One Holdings Inc., PsyBio Therapeutics Corp. FSD Pharma. Mr. Kaushal has a Bachelor of Science in Chemistry from the University of Toronto and is a Chartered Professional Accountant.

Mr. Bloch has a been a Member of the Law Society of Ontario since 1998. He is currently the owner of Bloch Legal (www.blochlegal.com) a firm that specializes in all aspects of Canadian corporate and securities law as well as international commercial transactions. In appointing Mr. Bloch to the Board, we took into account Daniel’s in depth experience in dealing with multinational companies and his listed securities transaction experience. Legal process and governance forms an integral aspect of Daniels’ Board and legal advisory role within the Company, drawing on his 23 years of transactional and securities law experience.

We are excited to welcome Nitin and Daniel as new members of our Board of Directors” said Ohad Haber, CEO and Chairman of Water Ways Technologies. “Nitin brings to our Board more than 30 years of expertise in International business and Mergers and AcquisitionsHe also has served on the audit, governance and compensation committees for more than a dozen U.S. and Canadian-listed public companies. His wealth of experience in extensive capital raising expertise, and strong relationships with key industry leaders and institutional investors will bring significant value to Water Ways Technologies. Daniel has been our legal advisor for two years and assisted the company in corporate governance and regulatory matters. His experience will serve the board in future transactions including possible acquisitions.

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

Ronnie Jaegermann Dor Sneh Dr. Eva Reuter
Director CFO Investor Relations – Germany
T: +972-54-4202054 T: +972-54-6512500 +49 69 1532 5857
E: ronnie@waterwt.com E: dor@irri-altal.com E: e.reuter@dr-reuter.eu 

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.

WhatsApp Image 2021-06-17 at 10.06.56

Water Ways Announces Voting Results of Its Annual General Shareholders’ Meeting

TORONTO, Dec. 30, 2021 (GLOBE NEWSWIRE) — Water Ways Technologies Inc. (TSXV: WWT) (FRA: WWT) (” Water Ways ” or the ” Company “), a global provider of Israeli-based agriculture technology, providing water irrigation solutions to agricultural producers is pleased to announce the voting results from its Annual General and Special Meeting of Shareholders (the ” Meeting “) held on Wednesday, December 29, 2021. The total number of shares represented by shareholders present in person and by proxy at the Meeting was 53,140,286, representing 38.65% of WWT’s issued and outstanding common shares.

All of the matters put forward before shareholders for consideration and approval, as set out in the Company’s Management Information Circular dated November 28, 2021, were approved by the requisite majority of votes cast at the Meeting, including the approval of the Company’s rolling stock option plan and an increase to the amount of restricted share units, and underlying common shares, available for pursuant to the Company’s Restricted Share Unit Plan.

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

Ronnie Jaegermann Dor Sneh Dr. Eva Reuter
Director CFO Investor Relations – Germany
T: +972-54-4202054 T: +972-54-6512500 +49 69 1532 5857
E: ronnie@waterwt.com E: dor@irri-altal.com E: e.reuter@dr-reuter.eu

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.