Waturu Holding A/S – liquidity preparedness must be strengthened in Waturu Holding A/S
Company announcement no. 64
Vejle, March 5th 2021Due to the delayed production and sale, the lost arbitration case and the Companys order situation, the
Board of Directors of Waturu Holding A/S has today decided that the liquidity basis for the Company must
be strengthened. As the proceeds from the listing on Nasdaq First North in May 2019 over 3 – 4 months will
no longer be sufficient to support the current orders as well as the necessary working capital and thus the
companys future expectations, cf. company announcement no. 54, the establishment of greater capital
resources are needed.
In addition, the company, via its subsidiary Aquaturu A/S, has entered into an agreement with an
international distributor within Aquaculture technology, which sells to 15 markets. The partner has
indicated that on the basis of a positive test, sales of a significant number of industrial units for water
treatment of process water are expected.About Waturu Holding A/S
Waturu Holding A/S is a Greentech company, which develops innovative water technology for heating or
treating water, with the focus on ensuring bacteria-free water and reducing water and energy consumption
for heating hot water in properties and thus ensuring CO2 savings. Waturu Holding A/S is a major
shareholder in the medical company Watgen Medical A/S and in the technology company Aquaturu A/S.Waturu Holding A/S
Sjællandsgade 32
7100 Vejle
Vejle, March 5th 2021Due to the delayed production and sale, the lost arbitration case and the Companys order situation, the
Board of Directors of Waturu Holding A/S has today decided that the liquidity basis for the Company must
be strengthened. As the proceeds from the listing on Nasdaq First North in May 2019 over 3 – 4 months will
no longer be sufficient to support the current orders as well as the necessary working capital and thus the
companys future expectations, cf. company announcement no. 54, the establishment of greater capital
resources are needed.
In addition, the company, via its subsidiary Aquaturu A/S, has entered into an agreement with an
international distributor within Aquaculture technology, which sells to 15 markets. The partner has
indicated that on the basis of a positive test, sales of a significant number of industrial units for water
treatment of process water are expected.About Waturu Holding A/S
Waturu Holding A/S is a Greentech company, which develops innovative water technology for heating or
treating water, with the focus on ensuring bacteria-free water and reducing water and energy consumption
for heating hot water in properties and thus ensuring CO2 savings. Waturu Holding A/S is a major
shareholder in the medical company Watgen Medical A/S and in the technology company Aquaturu A/S.Waturu Holding A/S
Sjællandsgade 32
7100 Vejle
