Water Ways Technologies Strengthens its Board of Directors

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

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

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

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