- SenesTech, a rodent fertility control expert, just marked its entry into Hong Kong, Macau, and potentially mainland China with its distribution agreement with Fruit Tree Limited
- This move marks a remarkable start to the 2024 calendar year while reflecting the company’s commitment to creating shareholder value
- It also opens SenesTech up to many exciting opportunities, among them market entry into what is arguably the largest pest control market on the planet
SenesTech (NASDAQ: SNES), a rodent fertility control expert and the inventor of the only EPA-registered contraceptive for male and female rats, just marked its entry into Hong Kong and Macau, with potential expansion into Mainland China. This move positions the company in one of the largest pest control markets globally, made possible through its distribution agreement with Fruit Tree Limited, which has just been finalized (https://ibn.fm/kfZQd).
This expansion marks a significant start for the 2024 calendar year, building on the success of 2023. The previous year concluded with SenesTech announcing the successful registration of its ContraPest(R) line of products for sale and immediate use in Puerto Rico. It also built on the recent launch of Evolve(TM) Soft Bait at Ace Hardware franchise locations in California, as well as the completion of a public offering that resulted in gross proceeds of $5 million, quintupling its market cap (https://ibn.fm/K2m4n).
The entry into Hong Kong, Macau, and potentially Mainland China, underscores SenesTech’s ambitious goals for the 2024 calendar year and reflects the confidence it has in its growing product line. Furthermore, the caliber of this agreement reflects SenesTech’s rapidly growing position in the global market, and the volume of opportunities it represents.
Fruit Tree Ltd. is one of the leading companies in the pest control industry, focusing on supplying products and services in Hong Kong, Macau, and Mainland China. Headquartered in Hong Kong, this company has demonstrated its commitment to quality, innovation, and sustainability, making it the perfect partner for SenesTech in this vital market.
“We are thrilled to announce our partnership with SenesTech and the distribution of Evolve in Hong Kong and Macau, with potential expansion to Mainland China,” noted Francisco Pazos Alvarino, Director of Fruit Tree Ltd.
“Evolve fits well in our model of delivering effective pest management solutions while prioritizing the safety and sustainability of our environment,” he added.
This collaboration opens SenesTech up to many exciting possibilities, among them market entry into what is arguably the largest pest control market on the planet. It is a tremendous opportunity for the company for revenue growth while creating even more value for its shareholders. It also sets SenesTech up for what is expected to be its biggest year yet.
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://ibn.fm/SNES
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