SenesTech Signs Expanded Distribution Agreement for Evolve™ Soft Bait Sales into the United Arab Emirates (UAE)

Rhea-AI Summary

SenesTech, Inc. (Nasdaq: SNES) announces the expansion of its distribution agreement with Pesterminators Pvt Ltd to include the deployment of EvolveTM in the United Arab Emirates (UAE) market through the Pesterminators subsidiary, TCS Global for General Trading LLC. This expansion is part of SenesTech's regional strategy and follows the successful deployment of their ContraPest products into the Maldives. The agreement incorporates an initial stocking order for Evolve and an expanded territory that now includes the UAE.

Insights

Market Research Analyst

The expansion of SenesTech's distribution agreement with Pesterminators into the UAE represents a strategic move to penetrate new markets and capitalize on regional growth opportunities. The UAE's stringent regulations against harmful chemicals create a favorable environment for SenesTech's EvolveTM, a product that aligns with the country's health and environmental standards. This alignment could potentially lead to increased demand and market share for SenesTech in the pest control industry within the region.

The partnership with a local subsidiary, TCS Global for General Trading LLC, suggests a tailored approach to market entry, leveraging on-the-ground expertise to navigate the unique business landscape of the UAE. This local collaboration could facilitate smoother operations and regulatory compliance, enhancing the potential for successful market adoption. The impact on SenesTech's revenue streams could be significant if the product gains traction, given the UAE's status as a commercial hub in the Middle East.

Financial Analyst

The announcement of SenesTech's expansion into the UAE market could be of interest to investors monitoring the company's growth trajectory. The initial stocking order for EvolveTM indicates an immediate revenue impact, although the scale of this impact is contingent on the product's market acceptance and the subsequent orders. Investors should consider the costs associated with market expansion, such as marketing, distribution and potential discounts for market penetration, against the anticipated revenue.

Long-term financial implications hinge on the sustained adoption of EvolveTM and the ability of SenesTech to leverage this expansion to further penetrate neighboring markets. The success in the Maldives could serve as a benchmark, but investors should remain aware of the differing market dynamics that could affect performance in the UAE. Monitoring competitor responses and the effectiveness of SenesTech's regional strategy will be crucial for evaluating the long-term value of this expansion.

Environmental Compliance Expert

The UAE's strict measures against harmful chemicals underscore a broader trend of increased environmental regulation in global markets. SenesTech's EvolveTM, a product designed to manage animal pest populations through fertility control rather than traditional chemical means, is positioned to meet these regulatory demands. The product's eco-friendly profile could not only facilitate regulatory approval but also resonate with consumers and businesses increasingly seeking sustainable solutions.

For stakeholders, this expansion presents both opportunities and challenges. The potential benefits include a strengthened corporate image aligned with environmental stewardship and access to a market with a high demand for sustainable pest control solutions. However, challenges may arise from the need to maintain compliance with evolving regulations and to educate the market on the advantages of fertility control methods over conventional chemical treatments. The ability of SenesTech to navigate these factors will be a determinant of their success in the UAE and similar markets prioritizing environmental health.

UAE Expansion Continues Regional Strategy working with Pesterminators

PHOENIX, Jan. 2, 2024 /PRNewswire/ -- SenesTech, Inc. (Nasdaq: SNES; "SenesTech" or the "Company"), the leader in fertility control to manage animal pest populations, today announces the expansion of its distribution agreement with Pesterminators Pvt Ltd to include the deployment of Evolve^TM. This expansion also extends the territory into the United Arab Emirates (UAE) market through the Pesterminators subsidiary, TCS Global for General Trading LLC in UAE.

"This expansion is part of our regional strategy as we collaborate with Pesterminators and follows the successful deployment of our ContraPest products into the Maldives. This expanded distribution agreement incorporates their initial stocking order for Evolve as well as an expanded territory that now includes the UAE," said Joel Fruendt, SenesTech's president and CEO.

"The UAE has implemented strict measures in recent years to control and prevent the use of harmful chemicals. Health officials in Dubai have issued warnings about hiring illegal companies, with municipal regulations prohibiting the importing, handling, and trading of pesticides without permission, and limiting the use of poisons in sensitive areas. Pesterminators is committed to introducing sustainable solutions for the pest management segment and holds a solid position in the UAE. Evolve aligns well into our pest control practice and meets regulatory requirements in the region," said Mr. Sathes Ramachandran, CEO of Pesterminators Pvt Ltd and TCS Global, UAE.

"Further regional expansion is expected as we proceed systematically with Pesterminators," concluded Mr. Fruendt.

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. 

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 Pesterminators is an excellent partner for us; and our belief that we will be able to expand our work with Pesterminators in the UAE and the South Asian region. 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.

FAQ

What is SenesTech, Inc.'s ticker symbol?

SenesTech, Inc.'s ticker symbol is SNES.

What is the expansion agreement with Pesterminators Pvt Ltd about?

The expansion agreement with Pesterminators Pvt Ltd includes the deployment of Evolve in the UAE market through their subsidiary, TCS Global for General Trading LLC.

What products were successfully deployed by SenesTech, Inc. in the Maldives?

SenesTech, Inc. successfully deployed their ContraPest products in the Maldives.

Who is SenesTech, Inc.'s president and CEO?

Joel Fruendt is SenesTech, Inc.'s president and CEO.

What measures have the UAE implemented in recent years?

The UAE has implemented strict measures to control and prevent the use of harmful chemicals.