Water Works Technologies Group, LLC – Business Feature Water and LED Lighting
SmartPower ™ – Possessed technology, communication and control of LED lighting
SmartValve – IP-rich valve / fluid control technology for SmartPad instal installation

BERKELEY HEIGHTS, NJ, January 10, 2022– (BUSINESS WIRE) – Hayward Holdings, Inc. (NYSE: HAYW) (“Hayward”), the global designer, manufacturer and trader of a wide portfolio of pool equipment and technologies, announced today the acquisition of Water Works Technologies Group, LLC (“Water Works”), a manufacturer of aquatic elements by including water bowls and translucent waterfalls with LED lighting options.

This acquisition follows the recent acquisitions of two Internet of Things (IoT) businesses, SmartPower and SmartValve. Together, these acquisitions further expand Hayward’s leading position in IoT-enabled intelligent technologies designed to bring greater control and ambience to the pool, simplifying ease of use and cost of ownership.

Water Works produces a variety of water cups in both resin and glass in a variety of colors and finishes, as well as Sheer Waterfalls. These high-end water features all have color lighting through LED lighting options that allow the intelligent application to coordinate with the colors and other lighting displays of the pool, bathroom or landscape.

SmartPower is a state-of-the-art LED lighting controller that utilizes a proprietary communication protocol that makes the installation and control of multiple lighting areas in the pool, bathroom, water feature or landscape easy to configure and use. Personalized lighting effects and displays are easy to program, coordinating multiple water functions with the pool, bathroom and even landscape lights to effortlessly transform your entire backyard. Technology also presents a compelling financial benefit. This unique product architecture offers all control with less than 50% of the cost of using currently available technology. SmartPower is the cloud-based standalone control solution for any new or existing pool or as part of the OmniLogic® ecosystem, Hayward’s main automation platform for swimming pools and spas.

SmartValve is an active fluid management system for intelligent control of numerous advanced water features, in addition to providing increased hydraulic efficiency for pool / spa design. SmartValve will operate autonomously as the central cloud-based water distribution system of other pool equipment via local control or application. As with SmartPower, SmartValve technology will integrate seamlessly with the OmniLogic ecosystem. SmartValve will dramatically simplify the installation of equipment cushions with a simple multiple design while significantly reducing the amount of work and equipment cost for the pool installer and owner.

“These three businesses complement each other and further expand Hayward ‘s core technology solutions to enhance the pool, bathroom and backyard environment. They are perfect examples of leveraging new technology to deliver sustainable solutions and with energy efficiency in our space, “Kevin said. Holleran, CEO and Hayward. “SmartPower and SmartValve are both easy to use and less costly to install, a real win for both the homeowner and the trading professional. With OmniLogic and the merger of our new line of Water Works’ innovative water features, Hayward is leading the way with products that transform the pool and backyard environment.We are really excited to introduce these new game-changing product platforms to our customers and trading partners. “

About Hayward Holdings, Inc.

Hayward Holdings, Inc. (NYSE: HAYW) is a leading global designer and manufacturer of pool equipment and technology, all key to the SmartPad kon conversion strategy, designed to deliver a superior outdoor living experience. Hayward offers a full line of innovative, energy-efficient and durable equipment for residential and commercial swimming pools, including a full line of advanced pumps, filters, heaters, automatic pool cleaners, LED lighting, Internet-enabled controls of things (IoT), alternative disinfectant and water features.

This publication contains forward-looking statements and information about the Company, which are based on management beliefs as well as assumptions made by, and information currently available to management. When used in this version, words such as “can”, “will”, “should”, “can”, “shoot”, “potential”, “continue”, “predict”, “believe”, “appreciate”, “expect”, “plan”, “objective”, “anticipate”, “project”, “seek” and similar expressions related to us, aim to identify forward-looking statements. These statements reflect current management views regarding future events, are no guarantee of future performance, and involve risks and uncertainties that are difficult to predict. Further, some forward-looking statements are based on assumptions about future events that may not be accurate. Current results or events may differ materially from the plans, intentions and expectations set forth in future statements. Hayward has based these forward-looking statements primarily on management’s current expectations and forecasts for future events and financial trends that management believes may affect Hayward’s business, financial condition, and results of operations. Important factors that may influence Hayward’s future results and may cause those or other outcomes to differ materially from those shown in future statements include the following: our ability to implement our growth strategies; and expansion opportunities; our ability to maintain favorable relationships with suppliers and manage disruptions in our global supply chain and raw material availability; our relationships and the performance of distributors, builders, purchasing groups, retailers and service providers selling our products to pool owners; competition from national and global companies as well as lower cost manufacturers; impacts on our business from the sensitivity of our business to seasonality and adverse economic and business conditions; our ability to identify new technological and other trends in our target markets; our ability to develop, manufacture and market and sell our planned and future new products effectively and profitably; the failure of markets to accept presentations and improvements of new products; ability to successfully identify, finance, complete and integrate acquisitions; our ability to attract and retain senior executives and other qualified personnel; regulatory changes and developments affecting our current and future products; volatility in currency exchange rates; our ability to service our existing debt and obtain additional capital to finance our operations and growth opportunities; impacts on our business from political, regulatory, economic, trade and other risks related to the operation of foreign businesses; our ability to create and maintain intellectual property protection for our products, as well as our ability to operate our business without otherwise infringing, abusing or otherwise violating the intellectual property rights of others; the impact of material costs and other inflation; the impact of changes in laws, regulations, and administrative policies, including those that limit U.S. tax benefits or affect trade agreements and tariffs; the outcome of litigation and government proceedings; impacts on our business from the COVID-19 pandemic; and other risks and uncertainties identified under “Risk Factors” in the prospectus for Hayward’s initial public offering and in subsequent Hayward SEC files.

The following statements in this presentation represent the views of management as of the date of this publication. Except as required by United States federal securities laws, Hayward neither intends nor assumes any obligation to update these forward-looking statements for any reason after the date of this presentation to match these statements with actual results or with changes in our expectations.

Check out the source version at businesswire.com: https://www.businesswire.com/news/home/20220107005542/en/


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