Water Ways Announces Corporate Matters: Appointment of New Chief Financial Officer, Second Quarter Release Date and Investor Webinar

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TORONTO, Aug. 26, 2021 (GLOBE NEWSWIRE) -- Water Ways Technologies Inc. (TSXV: WWT) (FSE: 977) ("Water Ways" or the "Company"), a global provider of Israeli-based agriculture technology, providing water irrigation solutions to agricultural producers, is pleased to announce the appointment of Mr. Dor Sneh as the Company’s new Chief Financial Officer ("CFO"), effective August 28, 2021. Mr. Sneh will oversee all accounting and finance functions, while providing strategic recommendations that ensure all financial solutions, support Water Ways' evolving growth strategy, vision and mission.

Mr. Sneh, who holds a B.A. in Economics and Accounting from Haifa University, has been with the Company since 2019 and served as its Group Controller. Mr. Sneh began his career, in 2016, in public accounting at PricewaterhouseCoopers (PwC Israel).

Mr. Sneh will replace Mr. Nathanzon as CFO of the Company who had to leave the company unexpectedly for personal reasons.

Mr. Haber and the Board of Directors would like to thank Mr. Nathanzon for his hard work and significant contributions to Water Ways.

"We are thrilled to welcome Dor to Water Ways' senior management team," stated Ohad Haber, Water Way's CEO and Chairman of the Board. "Dor has been working for the Company for the last two and a half years and has done an amazing job in assisting our performances and returning to profitability. His promotion to CFO will assist our growth strategy."

In addition, the Company plans to announce its second quarter financial results on Monday, August 30, 2021, in a release that will be issued at approximately 4:00 pm (ET). The press release will also be available on the company's website.

Additionally, the company will hold an Investor Webinar to discuss the results and future outlook of the company on September 14, 2021. The Webinar will be open to all and a press release will follow shortly with the registration sign-up link.

At the live webinar, CEO Ohad Haber take audience questions on the Company’s Q2/21 results as well as discuss:

• Results of Q2 and H1 2021;
• Latest projects including the Company’s Vietnam Project;
• Latest Financing and Strategic Direction of the company;
• Agro-Tech as critical to food production and global water conservation; and
• Future outlook for Investors.
  

Water Ways Technologies is capitalizing on the opportunities presented by micro and intelligent irrigation. It also makes a positive and enduring impact 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.

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.

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.