PHOENIX, March 26,
2024 /PRNewswire/ -- SenesTech, Inc. (Nasdaq: SNES;
"SenesTech" or the "Company"), the leader in fertility control to
manage animal pest populations, today announces a signed
distribution agreement with Wilco Distributors Inc., a distributor
of pest management baits and tools to the rodent pest management
market. Wilco Distributors will be a stocking distributor for
Evolve™ soft bait and has placed its initial multi-pallet
stocking order.
Joel Fruendt, SenesTech's
President and CEO, said: "Pest management professionals and
homeowners are seeking alternatives to traditional lethal methods
and poisons, as poisons are highly regulated and are tricky to use
without contamination, and traps are expensive and time-consuming
to maintain. There is strong evidence that the addition of
fertility control to an integrated pest management program
increases efficacy and reduces the reliance on poison. We are
particularly pleased to be partnering with Wilco Distributors, as
they have a clear commitment to finding innovative and responsible
products for rodent pest management, and a strong position in the
Agriculture space."
Blake Hazen, Wilco Distributors'
President, added, "Our mission is to manufacture and distribute
quality rodent control products, both for homeowners and
professionals, providing effective and efficient solutions and
excellent customer service. SenesTech's fertility control products
fit extremely well into our portfolio, and we are excited to
introduce our customers to Evolve and ContraPest. We already have
products in stock and we are fulfilling initial orders."
ContraPest and Evolve address the fundamental issue of rodent
overpopulation by focusing on the rapid reproduction of rats --
controlling the population by reducing or eliminating the fertility
of rats, rather than trying to keep up with the growing numbers of
an infestation with poisons alone. The active ingredients in
ContraPest and Evolve effectively reduced fertility in rodents in
numerous independent studies. They are highly palatable to rats,
easy to deploy, and offer diverse placement in many different
environments.
The rodent pest control market represents a significant market
opportunity. Rodents are responsible for destroying nearly 20% of
the world's stored food supply due to consumption and
contamination, are a vector for disease, and create $27 billion of infrastructure damage in the U.S.
alone. It has been estimated that rodent pest management product
sales are over $1 billion per annum
and are growing. At the same time, regulators are putting more
restrictions on the application of commonly used poisons, in
California and elsewhere, leading
pest managers to seek new methods for control.
About SenesTech
We are committed to improving the
health of the world by humanely managing animal pest populations,
applying our expertise in fertility control. We invented
ContraPest, the only U.S. EPA-registered contraceptive for male and
female rats, and Evolve, an EPA-designated minimum-risk
contraceptive currently offered for rats. ContraPest and Evolve fit
seamlessly into all integrated pest management programs,
significantly improving the overall goal of effective pest
management. We strive for clean cities, efficient businesses and
happy households – with a product designed to be humane, effective
and sustainable.
For more information visit https://senestech.com/ and
https://contrapeststore.com.
Safe Harbor Statement
This press release contains
"forward-looking statements" within the meaning of federal
securities laws, and we intend that such forward-looking statements
be subject to the safe harbor created thereby. Poppe Enterprises'
market presence and knowledge will mean immediate penetration of
the Evolve product and our belief that the grain market represents
a significant opportunity for Evolve. Forward-looking
statements may describe future expectations, plans, results or
strategies and are often, but not always, made through the use of
words such as "believe," "may," "future," "plan," "will," "should,"
"expect," "anticipate," "eventually," "project," "estimate,"
"continuing," "intend" and similar words or phrases. You are
cautioned that such statements are subject to risks, uncertainties
and other factors that could cause actual results to differ
materially from those reflected by such forward-looking statements.
Such factors include, among others, the impacts and implications of
the COVID-19 pandemic, the successful commercialization of our
products, market acceptance of our products, regulatory approval
and regulation of our products and other factors and risks
identified from time to time in our filings with the Securities and
Exchange Commission, including our Annual Report on Form 10-K for
the fiscal year ended December 31,
2022. All forward-looking statements contained in this press
release speak only as of the date on which they were made and are
based on management's assumptions and estimates as of such date.
Except as required by law, we do not undertake any obligation to
publicly update any forward-looking statements, whether as a result
of the receipt of new information, the occurrence of future events
or otherwise.
CONTACT:
Investors:
Robert Blum, Lytham Partners,
LLC,
602-889-9700, senestech@lythampartners.com
Company:
Tom Chesterman, Chief Financial
Officer, SenesTech, Inc.,
928-779-4143 x825
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SOURCE SenesTech, Inc.
