NEW BRUNSWICK, N.J.--(BUSINESS WIRE)--Senesco Technologies, Inc. ("Senesco" or the "Company") (AMEX:SNT) and ArborGen, LLC, the Company’s forestry product co-development partner, announced the execution of a licensing agreement for exclusive use of the company’s technology for the enhancement of forestry products. Execution of the agreement follows ArborGen’s decision, announced in June 2006, to exercise its option to license Senesco’s technology based on positive field trial results.