- SenesTech, a rapidly growing company specializing in highly effective fertility control solutions for animal pests, recently announced multiple product distribution deals outside the U.S.
- In Europe, it entered into an agreement with Q-chem, a pest control product supplier in The Netherlands
- In Australia, SenesTech entered into an agreement with Evicom, an environmental management firm with distribution in the country, as well as in New Zealand and the surrounding region
- In Asia, the company partnered with Agro Technic PTE Ltd, a pest control product manufacturer and distributor headquartered in Singapore
SenesTech (NASDAQ: SNES), a rodent fertility control solutions provider, and the inventor of the only EPA-registered contraceptive for male and female rats, is pleased to announce multiple distribution deals globally in what marks a huge milestone for the company, just two months into the new year. These deals bring YTD 2024 total revenue up more than 80% compared to YTD 2023 (https://ibn.fm/D9icH).
SenesTech also announced its foray into the European market with its distribution agreement with Q-chem, a pest control product supplier in the Netherlands. The move looks to tap into the growing demand for pest control products and services since the country first implemented an Integrated Pest Control (“IPM”) program four years ago with the explicit goal of reducing the reliance on anti-coagulant rodenticides. With its Evolve product, SenesTech is confident that it will dominate this market and become a leader in controlling rats with fertility control.
“Q-chem is a perfect partner for SenesTech as we begin our expansion into Europe, and Evolve(TM) fits into their portfolio perfectly,” noted Mr. Fruendt (https://ibn.fm/6VwGH).
SenesTech is following the country’s requisite regulatory procedure with Q-chem’s help. The process is expected to progress quickly, after which the product will be introduced in Europe.
New Zealand and Australia have also been prime potential markets for SenesTech. Its distribution agreement with Evicom, an environmental management firm based in Australia with distribution throughout Australia, New Zealand, and the surrounding region, opens the company to these two lucrative markets.
“Evicom is thrilled to be appointed exclusive distributors of Evolve for Australia and New Zealand,” noted Simon de Bono, Evicom’s Managing Director.
“Knowing SenesTech really cares about humanely managing animal populations through innovative fertility control aligns with our business strategy,” he added (https://ibn.fm/0nLNe).
SenesTech also announced a distribution agreement with Agro Technic PTE Ltd, a Singapore pest control product manufacturer and distributor. This agreement will cover both a substantial initial stocking order and annual minimums. It will open SenesTech up to Singapore and surrounding regions, expanding its market reach and the potential number of customers it could acquire.
“Agro Technic has been at the forefront of bringing in innovative solutions for the public health sector since the 1970s. We continue to do so year on year, bringing to market solutions that are not only environmentally friendly but, most importantly, effective!” noted Heng Yiwei, Agro Technic’s Managing Director.
“The product range that SenesTech offers, is a perfect fit to our business model, long-term strategy, and market positioning and runs in tandem with the requirements of our garden city,” he added (https://ibn.fm/l2puL).
SenesTech’s management is optimistic that these distribution agreements, coupled with its superior, tried and tested Evolve product, will set the company up for even more success this year, even as it continues to explore new growth opportunities.
For more information, visit the company’s website at www.SenesTech.com.
NOTE TO INVESTORS: The latest news and updates relating to SNES are available in the company’s newsroom at https://ibn.fm/SNES
