Shares of SenesTech Inc. (Nasdaq: SNES) were trading 8.33% higher at $2.86 as of the most recent check in after-hours trading. Following the news of a substantial deployment by the specialists in rodent fertility control and creators of ContraPest, the only rat contraceptive approved by the EPA, the stock price increased.
What is the sequence on SNES?
One of the top ten zoos in the country, the Los Angeles Zoo, has made a contract for ContraPest through the City of Los Angeles, and SenesTech (SNES) stated that it will be widely deployed there. When used alone or in combination with other integrated pest management (IPM) technologies, ContraPest has been demonstrated to be effective in several, independent deployments, with effectiveness gains of up to 90% over the usage of conventional IPM techniques.
The overall objective of efficient rat control is considerably enhanced by ContraPest, which integrates effortlessly into all integrated pest management systems. This makes ContraPest an obvious choice for deployments in settings like zoos and sanctuaries, where conventional approaches are ineffective and there is a higher danger of exposure to non-target animals.
17 bait stations were first set out by the LA Zoo. Once they had confidence in ContraPest, SenesTech collaborated with them to create a deployment strategy that called for more than 250 bait stations. SNES now joins them in deployment support, offering instruction and advice as necessary. As it promotes to other regions of the City of Los Angeles and beyond, SNES will also utilize this as an additional illustration of ContraPest’s usage in integrated pest control.
How would this deployment enhance SNES’ growth?
For SenesTech (SNES), a sector that has expanded over 300% in the last year, with approximately 70 current clients and increasing, zoos and sanctuaries provide an immediately accessible, multi-million dollar potential. SNES predicts further quick and accelerated expansion into this sector, building on the success already demonstrated at other zoos and wildlife refuges and now that it can add the special Elevate Bait System for roof rat infestations.