Water Ways Will Be Presenting New Computerized Control Systems For Smart Irrigation And Fertigation At The Upcoming “OFVC”

February 15, 2023 – Toronto, Ontario – Toronto, Ontario – 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 fully owned Canadian subsidiary, Heartnut Grove WWT Inc. (“HGWWT“) will be presenting “Computerized labor saving control systems for orchard and open field irrigation together with precise fertigation mixing technology for soilless growers and nurseries” at the upcoming “Ontario Fruit and Vegetable Convention” being held in Niagara Falls, Ontario that is taking place on February 22 and 23, 2023. At the Convention, HGWWT will launch the advanced technologies which were developed in Israel by Water Ways and which the Company expects will further assist its continued expansion in the North American farming market.

Ohad Haber, Chairman and Chief Executive Officer, commented: “Our Canadian subsidiary is working to penetrate the US farming market and expanding in the Canadian market. Part of these efforts involve trade fairs and conventions in which we present to our customers the latest technologies. We have set a target to have substantial sales in Canada and the US through HGWWT.”

 

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.

Water Ways Receives a Repeat Order For Its Medical Cannabis IOT Precise Irrigation And Fertilaztion System

January 26, 2023 – Toronto, Ontario – Water Ways Technologies Inc. (TSXV: WWT) (“Water Ways” or the “Company“), is pleased to announce that it has received a repeat order for its Medical Cannabis IOT Irrigation and fertilization systems. The order was received from an existing client, an  Israeli licensed producer who is currently expanding his Medical Cannabis cultivation facility in Israel. The system is an Internet of Things (“IOT“) controlled irrigation and fertilization system for Cannabis cultivators and growers. Water Ways designed the system for the specific needs of Cannabis growers and cultivators worldwide. The Company expects to deliver and install the system by the end of February 2023.

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

The system is comprised of the following components:

  • A precise drip irrigation system to maximize the cannabis plant’s nutritional absorption together with full monitoring & control of the plant water content & nutrition availability during the different growing stages.
  • A fertilizing system composed of the following main components: raw fertilizer tanks and dosing pumps that inject accurate fertilizer formulation into the different compartments of the facility.
  • Drainage collection, filtration, and water treatment systems.
  • An IOT (Internet of Things) Control Gateway.

An IOT Control Gateway is an integral component of the system which is comprised of an industrial controller and integrated specially developed software to monitor and control various components of the cultivation project. The system allows to control the whole cultivation process by allowing the user to adjust the following features:

  • Irrigation, fertilizing & filtration system.
  • Climate system monitoring.
  • Structural systems (benches, darkening & thermal screens, curtains, heating, dehumidification, ventilation, fans, etc.)

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

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

Cannabis Greenhouse

Water Ways would also like to announce the appointment of Mr. Yaron Dichter as Water Ways’ VP of Agriculture. Yaron has worked with WWT for many years as an advisor and has an extensive background and many years of experience in cultivation of various crops and irrigation technologies. Mr. Dichter has a B.A. in Business administration from the Rupin Academic College in Israel.

Yaron Dichter

 

Ohad Haber, Company’s Chairman and CEO, commented: This is a repeat order of the system in Israel which is proof of the advantage of our technology to medical cannabis growers. The system’s first client Cronos Israel finished implementing the system in 2020. I also would like to welcome Mr. Yaron Dichter to WWT with a great certainty that his experience and knowhow will assist us in growing the company’s business.” 

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.

Picture1

Water Ways Canadian Subsidiary Order Backlog For 2023 Increases To CAD$3.3M

January 12, 2023 – Toronto, Ontario – Toronto, Ontario – 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 fully owned Canadian subsidiary, Heartnut Grove WWT Inc. (“HGWWT“) current 2023 order backlog increased from CAD$2M in November 2022 (see press release dated November 21, 2022), to over CAD$3.3M at the beginning of January 2023. The orders are for versatile agricultural, horticulture and irrigation products and systems. The orders on hand are to be delivered mainly in Q1 and Q2 of 2023.

Ohad Haber, Chairman and Chief Executive Officer, commented: “I am extremely pleased to that our order backlog grew by more than 50% in only 45 days. Our Canadian business, headed by Mr. John Pol, is growing each year and the smart irrigation portion in the Company’s revenues is growing with leading products. One of our leading products are Israeli made Amiad water filtration systems, which have cutting edge water filtration 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.

Picture1

Water Ways Receives An Order For Smart Irrigation Systems Totalling CAD$930,000 In Laos

January 5, 2023 – Toronto, Ontario – Water Ways Technologies Inc. (TSXV: WWT) (“Water Ways” or the “Company“), is pleased to announce that it has received an order to deliver and install a 274 hectares (677 acres) turnkey Banana irrigation project in the Asian country of Laos. The Company will provide a complete smart irrigation system including drip lines, water treatment, filtration, reservoirs and pumps to a recurring customer. The order was received from an existing customer who is currently expanding his high density Banana plantation in Laos. The total value of the order is approximately CAD$930,000.  The Company expects to commence the project during Q2, 2023. Delivery and installation of the system will take place during 2023 and Q1 of 2024 and revenues are expected to be recognized during the installation period.

Ohad Haber, Company’s Chairman and CEO commented: Before Covid we have been operating and selling irrigation systems in Laos. I’m pleased that post pandemic business is resuming and we are returning to work in Laos.”

 

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 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.