Water Ways Technologies Enters Strategic Partnership for Exclusive Tomato Hybrid Development for Vertical Farming
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
TORONTO, July 02, 2025 (GLOBE NEWSWIRE) -- Water Ways Technologies Inc. (TSX-V: WWT) (“Water Ways” or the “Company”), a leading provider of advanced agricultural technologies in North America, is pleased to announce that it has entered into a strategic Tomato Seed Transfer and Breeding Agreement (the “Agreement”) dated June 16, 2025 with BF AGRITECH Ltd (“BF AGRITECH”), an Israeli agricultural technology company specializing in crop development.
Under the Agreement, Water Ways has engaged BF AGRITECH to develop a proprietary tomato hybrid variety (the “Hybrid”) specifically adapted for vertical farming in closed structures. Water Ways believes the Hybrid could help meet the increasing demand for sustainable indoor agriculture solutions. Pursuant to the Agreement, Water Ways is required to pay BF AGRITECH USD $200,000 over a 12-month period for the development of the Hybrid, with USD $50,000 payable upon signing. The Agreement grants Water Ways a worldwide license to commercially utilize the Hybrid, while BF AGRITECH retains all intellectual property rights related to the Hybrid. In addition, Water Ways is required to pay BF AGRITECH a 15% royalty on all sales of the Hybrid outside North America. The Agreement may be terminated by either party with 30 days’ notice.
Water Ways intends to commence construction of a vertical farming facility dedicated to growing the Hybrid in Ontario in Q4 of 2025, subject to, among other factors, the successful development of the Hybrid.
“This strategic partnership with BF AGRITECH represents a significant step forward in our mission to provide innovative agricultural solutions,” said Ohad Haber, Chief Executive Officer of Water Ways Technologies. “The development of specialized tomato varieties for vertical farming systems aligns perfectly with our commitment to sustainable agriculture and positions us to capitalize on the growing indoor farming market in North America.”
About BF AGRITECH Ltd
BF AGRITECH is a private Israeli company specializing in the development of advanced crop varieties adapted for challenging environmental conditions. The company possesses proprietary breeding technologies and expertise in developing crops suitable for modern agricultural systems.
About Water Ways Technologies Inc.
Water Ways through its subsidiary, is a Canadian provider of Israeli-based agriculture technology, providing water irrigation solutions to agricultural producers in Canada and the USA . Water Ways is capitalizing on the opportunities presented by micro and smart irrigation to the Canadian market. Water Ways’ irrigation projects include vineyards, blueberries, fresh produce cooling rooms and more.
For more information, please contact
Ronnie Jaegermann
Director
T: +972-54-4202054
E: Ronnie@exit-team.com
https://www.water-ways-technologies.com/
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. Forward looking statements in this press release include statements regarding the Agreement and the Company’s strategic relationship with BF AGRITECH, including the development of the Hybrid for vertical farming and its potential utility for meeting demand for sustainable indoor agriculture solutions, and the Company’s intention to commence construction of a vertical farming facility dedicated to the Hybrid in Ontario in Q4 of 2025. 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, including those risks described in more detail in Water Ways’ management discussion and analysis for the year ended December 31, 2024 and other continuous disclosure documents filed by Water Ways under its porofile on SEDAR+ at www.sedarplus.ca. 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.
© 2025 GlobeNewswire, Inc. All Rights Reserved.
BREAKING NEWS: Herbal Works Inc. Continues Social Media Marketing Campaign with Launch of YouTube Channel
