FLAGSTAFF, Ariz., Sept. 11, 2017 /PRNewswire/ -- SenesTech,
Inc. (NASDAQ: SNES), a developer of proprietary technologies for
managing animal pest populations through fertility control, today
announced a bold statement by the Board of Directors of corporate
social responsibility and commitment to sustainability aligned with
the SenesTech mission.
SenesTech endeavors to expand its commitment to building a
sustainable future for people and the planet. We will expand our
positive impact by pursuing innovative partnerships, improving
operations, and through market expansion of our core technology to
increase health and well-being, promote sustainability and grow our
product reach and impact globally.
SenesTech's decisions and actions regarding sustainability
practices will be guided by its mission statement and will be
reflective of budgetary constraints and legal, regulatory and
programmatic requirements. The scope, direction, and expectations
underlying SenesTech's Policy on Sustainable Practices will be
developed over the course of the next twelve to eighteen
months.
"The very nature of our technology offers a sustainable solution
that targets the global threats that rodents pose to our health,
well-being, and economy," said Dr. Loretta Mayer, CEO of SenesTech. In
partnership with Kito Global, Meridian Institute, and Arlene Mitchell, SenesTech has launched a
Corporate Social Responsibility (CSR) commitment to address the
needs of our customers and demands of the public. "Customers
have overwhelming demonstrated a willingness to pay for products
from socially or environmentally responsible companies and a full
93% of the world's largest companies now publish CSR
reports," said Dr. Jamie
Bechtel, Kito Global. Currently 64% of SenesTech
orders filled to date are from customers with environmental and
sustainable concerns.
SenesTech strives to position itself as a leader in social and
environmental impact by integrating CSR into SenesTech's business
strategy and management processes. Pursuing an integrated CSR
approach will provide additional opportunities for growth,
strengthening of brand, and cost savings, while mitigating
reputational, legal, and competitive risks. SenesTech recognizes
that Corporate Sustainability demonstrably increases shareholder
wealth and corporate value and we look forward to pursuing shared
value creation.
About SenesTech
SenesTech has developed an innovative technology for managing
animal pest populations through fertility control as opposed to a
lethal approach.
The Company's first fertility control product,
ContraPest®, is marketed for use initially in
controlling rat infestations. ContraPest's novel technology and
approach targets the reproductive capabilities of both sexes,
inducing egg loss in female rodents and impairing sperm development
in males. Using proprietary bait stations, ContraPest is dispensed
in a highly palatable liquid formulation that promotes sustained
consumption by rodent communities. ContraPest is designed,
formulated and dispensed to be safe for handlers and non-target
species such as wildlife, livestock and pets, in a biodegradable
product. In contrast, the historical approach to managing rodent
pest populations, rodenticides, carries a high risk of
environmental contamination and the poisoning of non-target
animals, pets and children.
We believe our non-lethal approach, targeting reproduction, is
more humane, less harmful to the environment, and more effective in
providing a sustainable solution to pest infestations than
traditional lethal pest management methods. There is currently no
other non-lethal fertility control product approved by the Food and
Drug Administration (FDA), or the Environmental Protection Agency
(EPA), for the management of rodent populations. We believe
ContraPest® will establish a new paradigm in rodent
control, resulting in improved performance in rodent control over
rodenticides, without the negative environmental effects of
rodenticides. For more information visit the SenesTech website
at www.senestech.com.
Safe Harbor Statement
This release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended
and such forward-looking statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. "Forward-looking statements" describe future expectations,
plans, results, or strategies and are generally preceded by words
such as "may," "future," "plan" or "planned," "will" or "should,"
"expected," "anticipates," "draft," "eventually" or "projected."
You are cautioned that such statements are subject to a multitude
of risks and uncertainties that could cause future circumstances,
events, or results to differ materially from those projected in the
forward-looking statements, including the risks that actual results
may differ materially from those projected in the forward-looking
statements as a result of various factors and other risks
identified in our filings with the Securities and Exchange
Commission. 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. 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:
Investor: 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
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SOURCE SenesTech