WATURU Waturu Holding

Waturu Holding A/S enters into sales agent agreement

Waturu Holding A/S enters into sales agent agreement

Company Announcement No. 17

Vejle, October 1st., 2019

To support WATURU's growth plan 2023, with an expected turnover of +100 million DKK, a sales agent agreement has been entered into today. The purpose is to ensure that new agreements are signed, based on the use of WATURU's water technology - internationally.

The customers are companies that today use traditional heat-element technology, UV light or other similar technologies for heating water or water treatment respectively.

WATURU's eco-friendly water technology is innovative and has the potential to disrupt various industries. OEM customers can achieve a number of benefits such as improved efficiency, CO2 savings and less environmental impact, by using the technology in products or solutions for both private households and industrial purposes.

Outlook

The sales agent agreement is expected to provide a minimum of 2 agreements with companies with international sales by December 31st., 2020. Potentially, these agreements could contribute to WATURU's 2023 growth plan.

Agreement

The sales agent agreement ensures that several agents, actively and without fixed costs for WATURU, works professionally to present WATURU's technology to international OEM partners, creating the base for international sales agreements for WATURU.

As an example, agents are working on an agreement with a recognized international manufacturer of washing machines which, by using WATURU`s technology, can achieve faster washing time, improved efficiency and other benefits for their customers.

Another example is a manufacturer with international sales of emergency showers which, by using WATURU's technology, can ensure clean and lukewarm water for flushing the eyes in the event of an accident.

The sales agent agreement is valid for 5 years.

More information:

CEO Toke Reedtz, tlf.: , e-mail:

CFO Michael Nørgaard, tlf.: , e-mail:



Waturu Holding A/S

Sjællandsgade 32

7100 Vejle



Certified Adviser

Västra Hammen Corporate Finance AB

Per Lönn, tlf.

Jungmansgatan 12 211 11 Malmö Sweden





Nasdaq First North Growth Market important links:



Website:





Financial reports:





Updates from the company:





EN
01/10/2019

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WATURUWaturu Holding

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