- SenesTech, a rodent fertility control innovator, just announced that its ContraPest(R) line of products is now registered for sale and immediate use in Puerto Rico
- Entry into Puerto Rico allows the company to tap into this lucrative market while also offering a viable solution to a problem that has posed a considerable threat to the island
- Fertility control works by fixing the root cause of the problem- rats’ incredible rate of reproduction
- Discussions are underway a large agricultural firm in the region to be the lead customer, opening the company up to new opportunities in the region
SenesTech (NASDAQ: SNES), a rodent fertility control expert and the inventor of the only EPA-registered contraceptive for male and female rats, just announced that its ContraPest(R) line of products are now registered for sale and immediate use in Puerto Rico. This adds to the company’s winning streak for the 2023 calendar year, having just recently launched its Evolve(TM) Soft Bait product at Ace Hardware franchise locations in California and closing a public offering that resulted in gross proceeds of $5 million (https://nnw.fm/LbVdm), quintupling its market cap.
Since its inception in 2004, SenesTech has been committed to its mission to improve the health of our world by humanely managing animal populations through fertility control. It has also been guided by the vision to lead responsible and innovative solutions for a better world, embodying five central values – integrity, creativity, urgency, sustainability, and diversity. These have influenced and shaped the four fertility control products for SenesTech, all of which have helped define the brand and mark it as a leader in its space. These include the Ultimate Bait System(TM), Isolate Bait System(TM), and Elevate Bait System(TM) for ContraPest(R) and Evolve(TM) Soft Bait.
With its venture into the Puerto Rico market, SenesTech looks to not only tap into a lucrative market but also offer a viable solution to a problem that has posed a massive threat to society.
“Puerto Rico, as an island nation, is ideally positioned to benefit from ContraPest’s unique fertility control features,” noted Joel Fruendt, SenesTech’s President and CEO.
“Similar to many other islands, rats in Puerto Rico have posed a huge problem for society, whether it be food contamination or destruction, infrastructure damage or public health risks,” he added (https://nnw.fm/ZBJAS).
Under threat is Puerto Rico’s grain industry, which has been primarily affected by rat infestations, ultimately posing a threat to the island’s food security. SenesTech looks to address this, mainly by fixing the root cause of the problem -reproduction. Unlike traditional pest control tools like poisons, which are reactive, the company’s approach is more proactive, addressing the main challenge with rats, which is their incredible rate of reproduction.
“Given sufficient food, water, and harborage, which most cities have, two breeding rats can result in 15,000 offspring after a single year. You cannot poison them or trap them, or gas them fast enough to overcome their fertility. You need to control the population by reducing the birth rate, and that is our why,” noted Mr. Fruendt on a Stock2Me Podcast (https://nnw.fm/rEC2z).
SenesTech is currently finalizing plans with a large agricultural firm to be the lead customer in Puerto Rico. They have also completed product registration for Evolve(TM), adding to its line of offerings for this market, and asserting itself as a leader in its space. This foray opens up a new market for the company and new growth opportunities. It reflects the company’s commitment to its mission and vision and its goal to create shareholder value.
“We look forward to bringing our unique rodent control approach to the integrated pest management companies and do-it-yourselfers of Puerto Rico in years to come,” noted Mr. Fruendt.
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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