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SenesTech Inc. (NASDAQ: SNES) Inks Distribution Agreement with Wilco Distributors for Evolve(TM) Soft Bait

  • SenesTech, a company that offers fertility control products for rodent pests, launched Evolve(TM) Soft Bait in October 2023, and has so far inked multiple distribution agreements as part of its multi-prong go-to-market strategy for the product
  • The company recently announced it had signed a distribution agreement with Wilco Distributors Inc., a Glendale, Arizona-based distributor of pest management baits and tools to the rodent pest management market
  • In addition to Evolve, SenesTech also offers ContraPest(R), a highly palatable professional-grade contraceptive liquid formulation for both male and female rats
  • Evolve and ContraPest are positioned as effective non-lethal alternatives to registered rodenticides that can pose a danger to other animals

Committed to the sustainable, humane treatment of animals, SenesTech (NASDAQ: SNES) offers a one-of-a-kind technology for managing rat pest populations through safe fertility control. The company’s first product, ContraPest(R), is a highly palatable professional-grade contraceptive liquid formulation that targets the reproductive capabilities of both male and female rats to reduce their fertility. While ContraPest works, SenesTech observed that its liquid nature does not meet all customer/business preferences.

This led to the introduction in October 2023 of the non-liquid Evolve(TM) Soft Bait, which has similar efficacy to ContraPest but is in a solid form that is better accepted by the pest control industry, according to Joel Fruendt, SenesTech’s President and CEO (https://nnw.fm/IG53t). In addition, Evolve has a long shelf life, is easy to use, and is available at an excellent price point. Since October, SenesTech has implemented a multi-prong go-to-market strategy for Evolve, which has seen the company sell the new innovative product to customers through e-commerce platforms, its in-house direct sales team, and distributors.

SenesTech has so far inked multiple distribution agreements with many new and significant partners, helping the company get Evolve into the marketplace in the United States and abroad. Recently, the company signed a distribution agreement with Wilco Distributors Inc., a Glendale, Arizona-based family-owned distributor of pest management baits and tools to the rodent pest management market. Under the terms of the agreement, Wilco Distributors will be a stocking distributor for Evolve. Wilco Distributors has already placed its initial multi-pallet stocking order (https://nnw.fm/F7VUE).

“We are particularly pleased to be partnering with Wilco Distributors, as they have a clear commitment to finding innovative and responsible products for rodent pest management and a strong position in the agriculture space,” said Fruendt of the signed distribution agreement and SenesTech’s new partner.

Wilco Distributors’ President Blake Hazen commented on the partnership with SenesTech, saying, “Our mission is to manufacture and distribute quality rodent control products, both for homeowners and professionals, providing effective and efficient solutions and excellent customer service. SenesTech’s fertility control products fit extremely well into our portfolio, and we are excited to introduce our customers to Evolve and ContraPest. We already have products in stock and we are fulfilling initial orders.”

Numerous independent studies have shown that the active ingredients in ContraPest and Evolve, which are specifically formulated for rats and break down in their digestive systems, effectively reduce fertility in rodents. In this regard, ContraPest and Evolve can help control the rapid reproduction of rats, which, if left unchecked, can lead to overpopulation. A 2017 study puts this into perspective: a pair of rats can produce 500 million descendants in just three years (https://nnw.fm/0Wk8o).

Given their unique capabilities and properties, ContraPest and Evolve are well positioned as more effective alternatives to registered rodenticides and poisons, which are linked to adverse effects. Rodenticides and poisons are known to move through the food chain when non-target animals prey on the poisoned rodents. This results in secondary and sometimes tertiary poisoning of other animals, leading to their deaths (https://nnw.fm/UaZid). Such adverse results have forced regulators to act, with states around the country sanctioning stricter regulations on commonly used poisons. For instance, last year, California Governor Gavin Newsom signed a bill that offered greater protections against rodenticides (https://nnw.fm/aHD5P). These developments have incentivized pest managers to look elsewhere.

“Pest management professionals and homeowners are seeking alternatives to traditional lethal methods and poisons, as poisons are highly regulated and are tricky to use without contamination, and traps are expensive and time-consuming to maintain,” conveyed Fruendt. “There is strong evidence that the addition of fertility control to an integrated pest management program increases efficacy and reduces the reliance on poison.”

SenesTech expects to capitalize on its product’s contraceptive capabilities to tap into the rodent pest control market, which represents a significant opportunity. Analysts at Straits Research project that the market will grow at a CAGR of 6.19% between 2023 and 2031, reaching an estimated $4.91 billion by 2031 from $2.86 billion in 2022 (https://nnw.fm/tXGlj).

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://nnw.fm/SNES

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