SenesTech Signs Poppe Enterprises for Evolve™ Distribution in Grain Management Market
- Distribution agreement with Poppe Enterprises LLC to distribute Evolve soft bait for rodent pest control in the grain management market
- Evolve soft bait has a minimum risk EPA designation and proven efficacy in reducing rodent fertility
- None.
The distribution agreement between SenesTech, Inc. and Poppe Enterprises LLC represents a strategic expansion in the pest management sector, specifically targeting the grain management market across several states. The grain market is substantial, with rodents being a significant threat to stored food supplies globally. The introduction of Evolve™ soft bait, a non-poisonous fertility control product, could disrupt traditional pest control methods, which often rely on poisons and traps.
From a market penetration perspective, the collaboration with Poppe Enterprises, a firm with established market presence and expertise, is likely to facilitate immediate product uptake and brand recognition. This can potentially lead to an increased market share for SenesTech in the pest control industry. The diversification of SenesTech's distribution channels and the increased geographic reach should be considered positive indicators for potential revenue growth, which might interest investors looking at long-term value creation.
SenesTech's new partnership is a significant business development that could impact its financial performance. The initial stocking order from Poppe Enterprises suggests an immediate revenue boost. However, investors should monitor the subsequent sales performance to gauge the long-term financial impact. It is essential to analyze the cost structure of producing Evolve and compare it to traditional rodenticides to assess the profitability of this new product line.
Furthermore, given the EPA's minimum risk designation for Evolve, this could lead to wider adoption due to fewer regulatory hurdles, potentially reducing legal and compliance costs associated with more heavily regulated poisons. This advantage, coupled with the product's competitive pricing, could make it an attractive option for grain storage operators, leading to sustained demand and financial stability for SenesTech.
SenesTech's Evolve product addresses a critical issue within the agricultural supply chain: the reduction of food supply losses due to rodent infestation. With nearly 20% of the world's stored food supply impacted by rodents, effective control measures are essential for economic sustainability in the agriculture sector.
The use of a non-poisonous fertility control method is not only innovative but also aligns with increasing regulatory and consumer demand for sustainable and environmentally friendly agricultural practices. By reducing reliance on traditional poisons, which carry risks of contamination and resistance development in rodent populations, Evolve could offer a long-term, ecologically responsible solution. This could enhance the brand's reputation and appeal to a market segment that prioritizes sustainability, potentially leading to increased adoption rates and a stronger position within the agricultural supply chain.
Joel Fruendt, SenesTech's President and CEO, said: "Grain storage operations have unique challenges when it comes to rodent pest control. Poisons are highly regulated and are tricky to use without contamination, and traps are expensive and time-consuming to maintain. The non-poison Evolve soft bait, with its minimum risk EPA designation, reasonable cost, and proven efficacy, provides a new tool for this widespread market.
"We are partnering with a leader and innovator in grain management and pest control, Poppe Enterprises. Poppe Enterprises has a keen focus on innovation, safety, and sustainability, and a strong reputation in this substantial market. Their presence and market knowledge will mean immediate penetration of the Evolve product."
Evolve addresses the fundamental issue of rodent overpopulation by focusing on the rapid reproduction of rats. Evolve controls the population by reducing or eliminating the fertility of rats, rather than trying to keep up with the growing numbers of an infestation with poisons alone. The active ingredient in Evolve effectively reduced fertility in rodents in numerous independent studies. Evolve is highly palatable to rats, easy to deploy, offers diverse placement in many different environments and is priced competitively to rodenticide alternatives.
The grain market represents a significant opportunity for Evolve. Rodents are responsible for destroying nearly
About SenesTech
We are committed to improving the health of the world by humanely managing animal pest populations, applying our expertise in fertility control. We invented ContraPest, the only
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. Poppe Enterprises' market presence and knowledge will mean immediate penetration of the Evolve product and our belief that the grain market represents a significant opportunity for Evolve. 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.
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