Wild forest blueberry bush with ripe berries and water drops, close up

Water Ways Receives CAD$770,000 Blueberries Turnkey Irrigation Project in China

TORONTO, Nov. 10, 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 its 73% owned Chinese subsidiary, IRRI-AL TAL (Shanghai) Agriculture Technology Company Ltd. (“IAT (Shanghai)”), has signed a contract to deliver and install a 30 hectares (74 acres) turnkey blueberries irrigation project in the People’s Republic of China. IAT (Shanghai) is expected to deliver and install the project and recognize revenue partially during Q4 of 2022 and partially during Q1 and Q2 of 2023. The total value of the order is approximately CAD$770,000. IAT (Shanghai) signed the contract with a Chinese subsidiary of Driscoll’s (the “Client“), one of the largest berry growers operating in the world, controlling roughly one-third of the berry market. The Client is a recurring customer of Water Ways having used Water Ways for a successful planning, installation, execution and delivery in 2021 blueberry project (see press releases dated June 14, 2021 and November 23, 2020).

Ohad Haber, Chairman and Chief Executive Officer, commented: “I am extremely pleased that we signed a second blueberries contract with a recurring major customer in China and third blueberry project in the region. We continue 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 and especially blueberries.

Blueberry Irrigation Project

Blueberry Irrigation Project

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 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 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.

11

Water Ways Receives Second Apple Grove Smart Irrigation System Order in Canada

TORONTO, Oct. 24, 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 a second order to design and construct a complete smart irrigation and fertigation project from an existing customer. The apple growing project, in Southern Ontario, consists of an area of approximately 22 Hectares (about 54 Acres). The project, with a sale value of CAD$202,000, will use the latest Israeli drip irrigation technology and is designed by Water Ways’ engineers. HGWWT expects to deliver and install the project in Q4 of 2022 and Q1 of 2023.

Ohad Haber, Company’s Chairman and CEO commented: Our investment and efforts to penetrate the Canadian irrigation market with Israeli smart irrigation technology are becoming successful. This is the second project we are carrying out this year and may have more orders by the end of the year.”

Apple Grove Irrigation
Apple Grove Irrigation

Apple Grove Irrigation

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         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 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.

nursery 2

Water Ways Enters the Market in Angola With a First Smart Irrigation Project

TORONTO, Oct. 13, 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 that the Company has been successful in penetrating the Angolan irrigation market with the delivery of its first smart irrigation project. The project, which irrigates various vegetables, includes the delivery of a drip irrigation system and smart irrigation control unit. The order, for an amount of CAD$113,000, is expected to be recognized by the Company as a revenue in Q4 of 2022.

Mr. Ohad Haber, Chairman and CEO of Water Ways, commented: “We continue to exploreadditional territories in Africa, and Angola, as a developing agriculture market, is a target for future opportunities.”

Vegetable Greenhouse

Vegetable Greenhouse

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 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 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.

Wild forest blueberry bush with ripe berries and water drops, close up

Water Ways Receives Recurring Order From a Blueberry Grower in Mexico

TORONTO, Oct. 04, 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 an additional order to deliver smart irrigation equipment to a blueberry grower in Mexico (see press release dated May 4, 2022). The total value of the order is C$180,000. Water Ways expects to recognize revenue and deliver the order in Q4 of 2022.

Ohad Haber, Chairman and Chief Executive Officer, commented: “Our business in Mexico is increasing and we expect additional orders still this year.We are gaining vast experience and know-how in the blueberries sector and providing blueberry farmers with smart irrigation equipment and knowledge.

Blueberry Smart Irrigation

Blueberry Smart Irrigation

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.

IMG-20210606-WA0015

Water Ways Delivers and Installs a New Water Purification System for Farmers in Ethiopia

TORONTO, Sept. 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 installed an innovative water purification system for the benefit of drinking water for farmers in remote areas in Ethiopia The project amounted to CAD$130,000 and revenue was recognized in full.

The system is based on a filtration and purification system that received approval after being used in hospitals. Water Ways believes that the system is more economical and less expensive than competing systems and has many environmental benefits. The system can supply drinking water to over 5,000 people per day. Water Ways’ target is to install more systems in remote parts of Ethiopia where drinking water is scarce and irregular.

Ohad Haber, Water Ways CEO commented: “The Water purification and filtration system is very unique and maybe a new way to deliver drinking water to many parts in Africa where water is scarce. This is part of Water Ways mission to make efficient use of water.”

Filtration and purification system: https://www.globenewswire.com/NewsRoom/AttachmentNg/927c15d5-192d-4ad0-af2d-19a90cf3418f

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 T: +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.

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

Water Ways Reports Q2 2022 Financial Results Sales of CAD$9.5M and Net Profit of CAD$3.9M

TORONTO, Aug. 26, 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 Interim Financial Statements (the “Statements“) and Managements Discussion and Analysis (the “MD&A“) for the three and six months periods ended June 30, 2022. 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: “We are continuing to build and grow Water Ways Technologies. We started the year with a record backlog of $13M. Our Canadian business is growing rapidly. The War in the Ukraine and the lockdown in China delayed some of our business in Asia and proved challenging”.

On Thursday, September 1, 2022, at 9 am Eastern Time, the Company will host a live webinar with a corporate update, earnings discussion and a discussion on the Hidrotop acquisition. An Investor question-and-answer session will follow.

Register: Water Ways Technologies: Q2 Earnings Call an Hidrotop Acquisition

Highlights – First Half 2022 (the following information should be read in conjunction with, and is qualified by, the Statements and the MD&A)

  • Sales for the six months period ended June 30, 2022, totaling CAD$9.5M compared to CAD$12.1M for the six months period ended June 30, 2021. Decrease in sales was mainly due to a delay in the commencement of the Uzbekistan projects and the Lockdown in China.
  • Company’s product sales to South and Central America increased significantly to CAD$3.2M for the six month period ended June 30, 2022 compared to CAD$1.8M for the six month period ended June 30, 2021.
  • Net profit for the six months period ended June 30, 2022 amounted to CAD$3.9M compared with CAD$0.2M for the six months period ended June 30, 2021.
  • Record sales of Heartnut Grove WWT Inc., the Company’s wholly owned Canadian subsidiary, increased substantially and reached CAD$4.9M for the six months period ended June 30, 2022, compared to CAD$3.8M for six months period ended June 30, 2021.
  • Working capital remains flat as of June 31, 2022 totaled CAD$4.6M compared to CAD$4.5M as of December 31, 2021.
  • During the six months period ended June 30, 2022, The Company signed a Letter of Intent to acquire the Chilean irrigation company Hidrotop, preformed and completed its Due Diligence and on August 23, the Company announced that its board of directors has approved the execution of a definitive agreement for the acquisition of 51% of the Shares of Hidrotop, all subject to final approval by the TSXV.
  • During the three months period ended March 31, 2022, the Company received the largest contracts in its history in Uzbekistan, resulting in orders of over CAD$9.4M. The war in Ukraine impacts the Company and causes delays in 2022 projects in Uzbekistan and other regional territories which conduct business with Russia. The unstable events in the region had forced the Company to be conservative and not recognize revenue from Uzbekistan projects (including the projects announced onpress releases dated January 31, 2022 and February 10, 2022) during the six months period ended June 30,2022.
  • Derivative Liability – Warrants relates to a classification under IFRS of outstanding warrants issued as part of the 2021 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 revaluation is at fair value through profit and loss.

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.

(CAD in thousands) As of
June 30, 2022
As of
December 31, 2021
Change %
Balance Sheet Items:
Cash and Cash Equivalents 2,361 3,295 -28.4%
Total Current Assets 14,610 12,279 19.0%
Total Assets 17,709 15,321 15.6%
Total Current Liabilities 9,952 7,706 29.1%
Total Non-Current Liabilities 4,171 8,589 -51.4%
(CAD in thousands) For the three months period
ended June 30,
2022 2021 Change %
Revenues:
Services Projects 1,598 3,181 -49.8%
Products 3,173 3,461 -8.3%
Total Revenues 4,748 6,643 -28.5%
Cost of Sales 3,938 5,493 -28.3%
Gross Profit 810 1,150 -29.6%
Gross Profit Margin % 17.1% 17.3%
Operating Expenses 936 950
Revaluation of derivatives – income (3,545 )
Financial expense (income), net 26 217
Taxes on Income (recovery) 48 33
Profit for the period 3,344 (50 ) 6618.3%

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. 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.

drone8

Water Ways Technologies Announces the Execution of a Definitive Agreement for the Acquisition of a Majority Interest in Hidrotop, a Chilean Smart Irrigation Solution Provider

TORONTO, Aug. 23, 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, further to its recent announcement dated June 9, 2022, that its board of directors has today approved the execution of a definitive agreement (the “SPA“) for the acquisition (the “Acquisition“) of 51% of the shares (the “Shares“) of the Chilean smart irrigation provider, Desarrollo de Sistemas Hidraulicos S.A. (“Hidrotop“). The SPA provides that closing of the Acquisition is subject to the completion of certain customary conditions precedent as are customary for transactions of this nature including the approval of the TSX Venture Exchange.

In consideration for the Shares, Water Ways will pay an aggregate acquisition price of USD$3,500,000, upon closing of the Acquisition (the “Closing“) consisting of: (i) a one-time cash payment equal to USD$2,000,000; and (ii) the issuance of 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 “Hold Period“). In addition to the Hold Period the Subject Shares will be subject to an escrow agreement governing their release in accordance with the following timeline: 25% of the Subject Shares (the “Release Amount“) will be released at the end of the Hold Period and further releases, each of a Release Amount, to be released upon the dates which are 6, 9 and 12 months, respectively, from the Closing.

“We are very pleased to complete this Acquisition and welcome everyone at Hidrotop to the Water Ways family”, said Mr. Ohad Haber, Chairman and CEO of Water Ways Technologies. “We have worked with Hidrotop for 15 years as our largest client in Chile. The addition of Hidrotop expands the scope and reach of our smart irrigation projects business to South America and is in-line with the strategic direction we’ve communicated. We believe there is material upside potential for revenue and profitability through capacity expansion, supply chain improvements and cost synergies.”

We believe partnering with water Ways Technologies is a win-win scenario for our valued employees and customers“, said Mr. Patricio Bambach, the CEO and major shareholder of Hidrotop. “It is a very strong strategic fit and we see the same path to much larger and more profitable operations leveraging greater access to capital. This in turn, will enable us to grow our smart irrigation projects business in Chile and reach out to other countries in South America to supply the growing demand for more efficient use of water.

Hidrotop is a Hydraulic engineering company with a regional presence in the agricultural and mining industries in Chile and Argentina. Since 1997, Hidrotop has been efficient and innovative in the area of irrigation, which is demonstrated in more than 30,000 hectares installed. Hidrotop has professional teams with extensive experience in automation and remote systems administration. Their main objectives are to optimize water usage, implement irrigation in rainfed areas whilst adapting to climate changes and implement high-end technologies. CEO of Hidrotop, 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.

The following Key Financial Highlights of Hidrotop, as presented by Hidrotop, have been audited using Chilean GAAP (amounts are in thousands of USD$):

For the year ended December 31
2021 2020 2019
Revenues 7,888 6,256 6,582
Cost of Sales 5,545 4,456 4,792
Gross Profit 2,343 1,800 1,790
Gross Profit Margin % 30% 29% 27%
Operating Expenses 1,559 1,316 1,404
EBITDA 785 484 386
Depreciation 36 30 29
EBIT 748 454 357
Other expenses 97 24 40
Corporate income tax 177 118 87
Profit for the period 474 312 231
As of December 31, 2021 As of December 31, 2020
Balance Sheet Items:
Cash and Cash Equivalents 193 516
Total Current Assets 3,215 3,443
Total Assets 3,853 4,150
Total Current Liabilities 662 972
Total Non-Current Liabilities 501 759
  • Hidrotop generated revenue of approximately USD$7.8 million and EBITDA of approximately USD$0.78 million in the calendar year ended December 2021.
  • Hidrotop generated revenue of approximately USD$6.3 million and EBITDA of approximately USD$0.48 million in the calendar year ended December 2020.
  • Hidrotop had a positive working capital of USD$2.5 million in the calendar year ended December 2021.
  • Hidrotop’s Shareholders equity was USD$2.69 million for the year ended December 2021.
  • Hidrotop’s gross margin for the year ended December 2021 was 30%.
  • The Company has performed a satisfactory due diligence on Hidrotop regarding its Financial Statements, Tax matters and Human Resources.

Key Strategic Highlights:

  • The current management team operating Hidrotop will be joining the Water Ways’ team as Mr. Bambach will remain in his position as CEO of Hidrotop for a period of 6 years post-closing.
  • Hidrotop’s engineers and planning department will contribute its know-how and experience to the Water Ways group.
  • Hidrotop staff of engineers will strengthen Water Ways ability to plan, deliver and install smart irrigation projects.
  • Strategic access to the Chilean broader and Latin American smart and drip irrigation markets which according to research from Market Data Forecast1 being worth USD$0.64 billion and is expected to have a CAGR of 17% and reach USD$1.43 billion in 2026.
  • Water Ways is expected to supply Hidrotop with smart irrigation solutions based on Israeli Technology, which is expected to result in material positive financial synergies.
  • Hidrotop to become Water Ways’ logistic center in South America for exiting customers , especially in Peru reducing costs and delivery schedules.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2f767552-14b4-4ab4-954d-def574d220b6

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.

______________________________
1https://www.marketdataforecast.com/market-reports/latin-america-micro-irrigation-systems-market

Field of blossoming buttercup flowers creates carpet of colors, with working sprinkler splashing drops of water over the field, as part of an irrigation system

Water Ways Announces $746,000 Private Placement of Convertible Debenture and Warrant Units

TORONTO, July 22, 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 further to its recently announced (see press releases dated June 27, 2022) private placement (the “Financing“), the closing, subject to receipt of all regulatory approvals and final TSX Venture Exchange approval, of the Financing of 746 units (the “CD Units“) at a price of CAD$1,000 per CD Unit, for gross proceeds of CAD$746,000 (the “CD Gross Proceeds“). Each CD Unit is comprised of one unsecured convertible debenture (each a “Convertible Debenture“) with a principal amount of CAD$1,000 (the “Subscription Price“) and 2,857 common share purchase warrant (each whole common share purchase warrant, a “CD Warrant“) with each CD Warrant exercisable, upon payment of an additional CAD$0.45, into one additional common share in the capital of the Company (a “Common Share“) until July 22, 2024. Pursuant to the Financing the Company will issue an aggregate 2,131,429 CD Warrants.

If the Company does not repay the Subscription Price on or before July 22, 2024 (the “Term“), the Term will be extended by an additional 12 months (the “Revised Maturity Date“) and the Company will be obligated to pay a one time penalty, in cash only, equal to 10% of any amounts of the Subscription Price that were outstanding and not repaid at the end of the Term. The Convertible Debentures shall bear an annual interest rate of 8% payable quarterly in cash only.

The Convertible Debentures are also subject to conversion into Common Shares, at the option of the holder, at a conversion price of CAD$0.35 per Common Share (the “Conversion Price), provided that if, following November 23, 2022 (the “Closing Date“) the volume weighted average price (“VWAP“) of the Common Shares for any 10 consecutive trading days equals or exceeds CAD$0.525, the Company may, upon providing written notice to the holders of the Convertible Debentures, force the conversion of the Convertible Debentures to the date that is 30 days following the date of such written notice.

Additionally, in the event that following November 23, 2022, the VWAP of the Common Shares for any 10 consecutive trading days equals or exceeds CAD$0.675, the Company may, upon providing written notice to the holders of the CD Warrants, accelerate the expiry date of the CD Warrants to the date that is 30 days following the date of such written notice.

In connection with the Financing the Company will issue to Exiteam Capital Partners Ltd.: (i) an aggregate cash payment of CAD$52,220, being an amount equal to 7% of the CD Gross Proceeds; and (ii) issue 149,200 convertible debentures finder warrants, being an amount equal to 7% of the CD Units sold pursuant to the Financing (“CD Finder Warrants“). Each CD Finder Warrant will be exercisable into one Common Share of the Company until July 22, 2024, upon payment by the holder thereof of CAD$0.35 per CD Finder Warrant.

Ohad Haber Water Ways CEO commented on the Financing: “We are extremely pleased on the closing of this financing. For us, this is a non-dilutive structure to raise capital at this challenging climate. The funds raised will assist us in financing our imminent M&A strategy.

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
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
T: +49 69 1532 5857
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.

Aerial drone view Blueberry bush field, organic ripe. Blue berry hanging on a branch, Bio, healthy food, top view, Farm with berries

Water Ways’ Business in Mexico Expands by Receiving Two Orders With a Value of C$320,000

TORONTO, July 07, 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 two new purchase orders to deliver a smart irrigation component to irrigate orchids and blueberries in México. The total value of the orders is C$320,000. Water Ways expects to recognize revenue and deliver these orders in Q3 of 2022.

Ohad Haber, Chairman and Chief Executive Officer, commented: Our business in Mexico has increased significantly this year. Our sales in 2021 were over C$740,000 and in the first months of 2022, our orders from Mexico surpassed C$1.3 million and we are only starting the second half of 2022.

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.

Automatic agricultural technology robot arm watering plants tree

Water Ways Announces Private Placement of Convertible Debenture Units

TORONTO, June 27, 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 a private placement (the “Financing“) of up to 1,000 units (the “CD Units“) at a price of CAD$1,000 per CD Unit, for gross proceeds of up to CAD$1,000,000 (the “CD Gross Proceeds“). Each CD Unit is comprised of one unsecured convertible debenture (each a “Convertible Debenture“) with a principal amount of $1,000 (the “Subscription Price“) and 2,857 common share purchase warrant (each whole common share purchase warrant, a “CD Warrant”) with each CD Warrant exercisable, upon payment of an additional $0.45, into one additional common share in the capital of the Company (a “Common Share“). If the Company does not repay the Subscription Price on or before the date that is 24 months from the Closing Date (the “Term“), the Term will be extended by an additional 12 months (the “Revised Maturity Date“) and the Company will be obligated to pay a penalty in cash only, equal to 10% of any amounts of the Subscription Price that were outstanding and not repaid at the end of the Term. The Convertible Debentures shall bear an annual interest rate of 8% payable quarterly in cash only.

The Convertible Debentures are subject to conversion into Common Shares, at the option of the holder, at a conversion price of $0.35 per Common Share (the “Conversion Price), provided that if, following the date that is 4 months and 1 day following the closing of the Financing (the “Closing Date“) the volume weighted average price (“VWAP“) of the Common Shares for any 10 consecutive trading days equals or exceeds CAD$0.525, the Company may, upon providing written notice to the holders of the Convertible Debentures, force the conversion of the Convertible Debentures to the date that is 30 days following the date of such written notice.

In the event that following the date that is 4 months and 1 day following the Closing Date, the VWAP of the Common Shares of for any 10 consecutive trading days equals or exceeds CAD$0.675, the Company may, upon providing written notice to the holders of the CD Warrants, accelerate the expiry date of the CD Warrants to the date that is 30 days following the date of such written notice.

The Financing may close in one or more tranches.

The Company expects to pay finder’s fees in association with the Financing, payable in cash, of up to 7% of the CD Gross Proceeds, as well as the issuance of finder warrants as is equal to 7% of the CD Units sold (“CD Finder Warrant“). Each CD Finder Warrant will be exercisable into a Common Share of the Company upon payment by the holder thereof of CAD$0.35 per CD Finder Warrant.

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

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 T: +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.