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

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.