SenesTech Inc, the industry leader in fertility control solutions aimed at managing animal pest populations, made a significant announcement today regarding the expansion of its distribution agreement with Pesterminators Pvt Ltd. The collaboration will now include the deployment of the cutting-edge EvolveTM technology. Additionally, this expansion extends into the United Arab Emirates (UAE) market through Pesterminators’ subsidiary, TCS Global for General Trading LLC in the UAE. The development prompted a noteworthy response in the stock market, with SenesTech Inc’s stock opening Tuesday morning at $1.50, marking a notable increase from Friday’s closing at $1.27.
At the time of this publication, Senestech Inc stock (SNES) has witnessed a surge.
Senestech Inc
Current Price: $1.65
Change : +0.38
Change (%): (29.92%)
Volume: 11.2M
Source: Tomorrow Events Market Data
According to Joel Fruendt, President and CEO of SenesTech Inc, “This expansion is a crucial component of our regional strategy as we continue our collaborative efforts with Pesterminators. It builds upon the success of deploying our ContraPest products in the Maldives. The expanded distribution agreement not only includes an initial stocking order for Evolve but also broadens our territorial reach to encompass the UAE.”
The UAE, in recent years, has implemented stringent measures to control and prevent the use of harmful chemicals. Health officials in Dubai have actively warned against hiring illegal pest control companies, emphasizing municipal regulations that prohibit the unauthorized importing, handling, and trading of pesticides. Moreover, there are restrictions on the use of poisons in environmentally sensitive areas. Pesterminators, committed to introducing sustainable solutions for pest management, holds a strong position in the UAE market. The Evolve technology seamlessly aligns with their pest control practices and adheres to regulatory requirements in the region, according to Mr. Sathes Ramachandran, CEO of Pesterminators Pvt Ltd and TCS Global, UAE.
“Evolve represents a sustainable and effective solution to pest management, in line with the UAE’s strict regulations. Pesterminators is dedicated to providing environmentally friendly alternatives, and this collaboration with SenesTech Inc is a testament to our commitment,” remarked Mr. Ramachandran.
SenesTech’s Fruendt expressed optimism about the future, stating, “Further regional expansion is anticipated as we proceed systematically with Pesterminators. This collaboration reinforces our shared commitment to providing innovative and sustainable pest control solutions tailored to the unique needs of different regions.”
The strategic partnership between SenesTech Inc and Pesterminators reflects a mutual commitment to environmental sustainability and responsible pest management practices. As the deployment of Evolve begins in the UAE, both companies are poised to make a positive impact in the region’s pest control landscape while adhering to stringent regulatory standards. Investors and stakeholders are closely monitoring the developments as SenesTech continues to expand its global footprint in the field of fertility control for animal pest populations.
