Water Ways Announces Appointment of New Director

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TORONTO, Dec. 20, 2023 (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 Mr. Jay Richardson has been appointed to its board of directors (the “Board”) effective today and will stand for election at the Corporation’s Annual and Special Meeting of Shareholders scheduled to be held on Friday, December 29, 2023 (the “Meeting”).

Mr. Nitin Kaushal has resigned from the Board to pursue other business. The Board thanks Mr. Kaushal for his invaluable leadership and contribution to the Company.

Mr. Richardson brings over 50 years of experience as a CPA/CA and over 20 years experience as Board member of multiple public listed companies, including many as an Audit Committee member and/or Chair. A more comprehensive biography of Mr. Richardson can be found below.

Mr. Richardson is considered independent under applicable securities law. The Board remains comprised of an equal amount of independent and non independent directors and all committees of the Board remain comprised of a majority of independent directors.

Ohad Haber, Chairman and Chief Executive Officer, commented, "We are pleased that Mr. Richardson has agreed to rejoin our Board and look forward to his contributions to corporate governance and business strategy.”

Important Shareholder Information Concerning the Meeting

WWT is relying on the discretionary authority granted to management in the Management Information Circular of the Corporation dated November 25, 2023 (the “Circular”) to substitute Mr. Richardson as a director nominee in place of Mr. Kaushal.

Management of the Corporation recommends that the shareholders vote FOR the election of Mr. Richardson as a director of the Corporation at the Meeting.

Shareholders are reminded that WWT will hold the Meeting in a virtual only format, which will be conducted via live webcast. Shareholders will not be able to physically attend the Meeting. Please read the instructions in the Circular regarding how to vote at, or attend, the Meeting and how to appoint a third party proxyholder. Please note that shareholders attending the Meeting must be connected to the internet at all times during the Meeting in order to be able to vote when balloting commences.