Further Expansion to Mainland China is
Contemplated in the Agreement
PHOENIX, Dec. 18,
2023 /PRNewswire/ -- SenesTech, Inc. (Nasdaq: SNES;
"SenesTech" or the "Company"), the leader in fertility control to
manage animal pest populations, today announces entry into a
Distribution Agreement with Fruit Tree Limited, a pest control
service provider, manufacturer and distributor headquartered in
Hong Kong.
"Fruit Tree Ltd. is a leading company in the pest control
industry, supplying products and services throughout the region,
directly and through its subsidiaries, with a commitment to
quality, innovation and sustainability. As such, that makes them a
perfect partner in this vital market, with EvolveTM the
perfect addition to their portfolio of solutions," said
Joel Fruendt, SenesTech's President
and CEO.
The agreement with Fruit Tree Limited includes both a
substantial initial stocking order and annual minimums.
"We are thrilled to announce our partnership with SenesTech and
the distribution of Evolve in Hong
Kong and Macau, with
potential expansion to Mainland China. Evolve fits well in our
model of delivering effective pest management solutions while
prioritizing the safety and sustainability of our environment,"
stated Francisco Pazos Alvarino,
Director of Fruit Tree Ltd. "We have already engaged with
regulatory officials, securing the possibility of testing the
product in government venues with significant infestations during
the registration process. Of particular concern are the
infestations in the wet markets."
[Wet markets are the traditional Chinese markets that sell fresh
meat, produce and other perishable goods.]
"This collaboration with Fruit Tree Ltd. opens up exciting
possibilities, and an entry into one of the largest pest control
markets on the planet with their support and expertise," Mr.
Fruendt concluded.
About SenesTech
We are committed to improving the
health of the world by humanely managing animal pest populations
through fertility control. We are experts in fertility control to
manage animal pest populations. 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.
About Fruit Tree Ltd
Fruit Tree Ltd. is a dynamic and
innovative company with a strong presence in the pest
control and insecticide manufacturing industry. As the parent
company of Nobedbugs-hk, a leading provider of pest control
services, and Chinchex Limited, a renowned manufacturer
and distributor of bed bug insecticide in South East Asia countries, Fruit Tree Ltd. has
established itself as a trusted and reliable partner in
combating pest-related challenges.
Fruit Tree Ltd. places great emphasis on research and
development to continually enhance our services and products.
We invest in cutting-edge technologies and collaborate with
industry experts to stay at the forefront of pest control and
insecticide innovation. Our dedicated team of professionals is
driven by a passion for excellence and a customer-centric approach,
providing personalized solutions that address the specific
needs of our clients.
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 belief that Fruit Tree Ltd is
an excellent partner for us; and our belief that we will be able to
expand our work with Fruit Tree Ltd in Hong Kong and Macau. 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, Joe Dorame, Joe Diaz, 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.