PHOENIX, Feb. 4, 2025
/PRNewswire/ -- SenesTech, Inc. (Nasdaq: SNES), a pioneer in humane
pest control solutions, is pleased to announce its plans to enter
the Indian rodent pest control market through a partnership with
SMark, a well-established distributor based in India. The partnership is cemented by a
recently signed letter of intent, underscoring the shared
commitment to bringing innovative, non-lethal rodent control
solutions to this rapidly growing market.
India presents a significant
opportunity for rodent pest control solutions, with an estimated
market size exceeding $81 million,
growing at over 10% annually, and driven by rapid urbanization,
agriculture demand, and public health concerns. Rodent infestations
impact food supply chains, damage infrastructure, and pose serious
health risks, highlighting the critical need for advanced,
sustainable pest management strategies.
"We face significant challenges in India in the area of rodent pest control,
challenges that are cultural, regulatory and operational. We have a
unique expertise in addressing these challenges effectively. Evolve
will fit our needs very well, and I would anticipate rapid
acceptance for Evolve, providing an efficacious and sustainable
tool," said Stelson Quadros, Executive Director and CEO of
SMark.
"Our entry into India marks a
milestone in our global expansion," said Joel Fruendt, President and CEO of SenesTech.
"India is a dynamic yet
challenging market, both from regulatory and commercial
perspectives. However, with SMark as our partner, we are confident
in our ability to navigate these complexities and establish a
strong foothold. SMark's deep local expertise and extensive
distribution network position us for success as we introduce Evolve
Rodent Birth Control™, our innovative rodent birth control
solution, to India."
Evolve represents a groundbreaking approach to rodent
management, targeting the root cause of infestations by restricting
rodent reproduction. As a non-lethal, eco-friendly solution, Evolve
aligns with growing regulatory preferences for sustainable pest
control while addressing the escalating demand for effective
alternatives to traditional poisons.
This partnership underscores SenesTech's commitment to improving
public health and sustainability by offering humane solutions to
pest management challenges worldwide.
About SenesTech, Inc.
SenesTech is committed to creating healthier environments by
humanely managing animal pest populations through fertility
control. The company's groundbreaking products, including Evolve™
rodent birth control, integrate seamlessly into pest management
programs, significantly enhancing their effectiveness while
reducing reliance on traditional poisons. SenesTech's mission is to
create cleaner cities, more efficient businesses, and healthier
communities with products that are humane, effective, and
sustainable.
For more information, visit https://senestech.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. Such forward-looking statements include, among others, our
plan to enter the Indian rodent pest control market through a
partnership with SMark; our belief that India presents a significant opportunity for
rodent pest control solutions, with an estimated market size
exceeding $81 million, growing at
over 10% annually, and driven by rapid urbanization, agriculture
demand, and public health concerns; our belief that entry into
India marks a milestone in our
global expansion; our confidence in our ability to navigate
complexities and establish a strong foothold in India; and our belief that SMark's deep local
expertise and extensive distribution network position us for
success as we introduce Evolve™, our innovative rodent birth
control solution, to India.
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
successful commercialization of our products; market acceptance of
our products; our financial performance, including our ability to
fund operations; our ability to maintain compliance with Nasdaq's
continued listing requirements; 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, 2023. 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.
Media Contact:
Rochelle Paulet
Director of Marketing
SenesTech, Inc.
(928) 779-4143 x814
rochelle.paulet@senestech.com
Investor Relations Contact:
Robert Blum
Lytham Partners, LLC
(602) 889-9700
senestech@lythampartners.com
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SOURCE SenesTech, Inc.