Presentation on theme: "Body Waste Management Device A Business Opportunity"— Presentation transcript:
1Body Waste Management Device A Business Opportunity Tisteron Ltd)NewBody Waste Management DeviceA Business Opportunity
2Background Tisteron Ltd, Israel Company established to develop, patent & license the Body Waste Management Device ideaRon Chen, Founder & Inventor - IsraelMoshe Goldwasser, Inventor/Consultant – Retired CEO of Avgol Inc.
3Background YNC – Yoav Nir Consulting Prominent Achievements Tisteron Ltd (CONFIDENTIAL)BackgroundYNC – Yoav Nir ConsultingIndependent consultant specialist for the Nonwoven and disposable absorbent industry. Registered mentor with the Israeli Ministry of Industry & TradeCertified business master coach (MCI & EMCI)Former COO and then for 15 years CEO of a privately held company that produces and markets disposable absorbent products.Prominent AchievementsCompeting successfully against multinational consumer product giantsSuccessfully running the company during times of warBringing the company from a state of bankruptcy to successLeading major business strategy changes
4Background (Shlomo Eylath) Tisteron LtdBackground (Shlomo Eylath)Shlomo Eylath is a consultant with Tisteron regarding strategic business decisions and business development.Founder of Shlomo Eylath Holdings Ltd., a private company which focuses on management & consulting services including M&A, turnaround and recovery plans. Also serves on boards of numerous companiesCo-founder of ColBar Life Science [160M$ exit to J&J]Former CEO Koor Food and Consumer Goods Ltd. (The largest food conglomerate in Israel)Former CEO Koor-Trade UK Ltd.
5Tisteron LtdProduct patentA DISPOSABLE WASTE CONTAINMENT ARTICLE AND A COMBINATION OF TWO ARTICLES WORN SIMULTANEOUSLYCIP of Provisional Application Filed:Full patent filed:Granted April 19, 2011, Patent No US B2.pdfIndividual use of articles;Liquid-impermeable outer layers, perimeter seal inward from outer perimeter;Pulp-less absorbent layer;Aperture for body waste intake;Adhesive for securing to body;Examiner recommended that a two-piece system be separated from patent and become a separate application. Tisteron submitted a separate application, which is expected to be granted.Tisteron has also applied for PCT and approval is still pending.
6PCT & Other countries where patent was filed Tisteron LtdPCT & Other countries where patent was filedCANADA, MEXICO, BRAZIL, JAPAN, AUSTRALIA, ISRAELE.P.O. -U.K, GERMANY, ITALY, TURKEY, FRANCE, SPAIN, THE NETHERLANDS, BELGIUM, SWEDEN, DENMARK, POLAND
7Separate body waste collection Tisteron LtdProduct ConceptSeparate body waste collectionArticles worn singly or in tandem – Separate patent pendingFeces (bacteria) separated from urineOnly soiled device has to be changedSupport undergarment envisioned
8Product concept (continued) Tisteron LtdProduct concept (continued)Attaches w/gentle adhesive surrounding orifice, sealing article(s) to bodyLess skin area to cleanseOdors and fecal matter captured in “sealed” containersVery thin and expands as fillsVery soft & compliant to shape of bodySimple manufacturing envisioned
9Tisteron LtdObservation trialsCarried out in geriatric ward of a leading nursing home in Israel, overseen by Mr. Goldwasser & Dr. KorshunThe conclusion of trials in the nursing home was that the product is most effective for independent users suffering from incontinenceOne of the best nursing homes in Israel.
10Observation Trial – Independent Patients Tisteron LtdObservation Trial – Independent PatientsSuitable for collection of body waste by independent patientsUsers can replace devices themselves independently more easily than a diaper when neededMore comfortable than diaper & releases less odors
11Observation Trial – Independent Patients Tisteron LtdObservation Trial – Independent PatientsBetter protection against leakage (seepage) when attached properlyLess skin irritation, even with sensitive skinHydro gel adhesive functions even in the presence of contaminants
12Benefits/Advantages – User/Patient Tisteron LtdBenefits/Advantages – User/PatientDignityLess leakageLess odor (waste totally contained)Less exposure of private parts (genitalia)ComfortEasily applied and removed (Hydro gel adhesive)Low bulkEnhanced mobilityAlmost unnoticeable under clothingHealthier, less damage to skin (Hydro gel adhesive/less skin exposed to waste)Easily applied and removedLess exposure to body wasteLess patient care cost, due to:Longer wear timeLess space required for storage & disposalLess skin health care expenses
13Benefits/Advantages – Purchaser/Institution Tisteron LtdBenefits/Advantages – Purchaser/InstitutionReduced CostFewer devices used per day by patientLess space required for new product warehousingLess labor required for:ChangesClean-upLaundryFewer dermatological problemsLess waste for disposalPatients & caregivers are more contentLess foul atmospheric aromas in wardsImproved market competitiveness (more advantageous for patient/family)
14Benefits/Advantages – Caregiver Tisteron LtdBenefits/Advantages – CaregiverEasily applied and removedLess bulkyLess patient maneuvering requiredLess clean-upSkinGarmentsBeddingLess leakage and odors after useUsed device totally enclosed in sealed bagLess dermatological issuesLower costs
15Benefits/Advantages – Society Tisteron LtdBenefits/Advantages – SocietyUser’s dignity Preserved“Green” productLess raw material consumedLess waste for disposalUse of “Green” materials in specifications & claimsLow volume, hence less transportation/unit, etc.Fewer trucksLess fuelLess storage spaceIn summary – less costs with regard to:Overall patient careMaterials, waste, transportation, storage, health, labor, etc.
16Other possible applications Tisteron LtdOther possible applicationsExample of use during carotid artery operation – replacing catheter
17Proposed Improvements Tisteron LtdProposed ImprovementsRedesign apertures’ size and locationRedesign adhesive aperture measurementsDesign devices with various containment volume capacityRedesign device shape for better fit & convenience
18Production Process – main steps Tisteron LtdProduction Process – main stepsAbsorbent layer carrier/over wrap feedingGlue applicationSAP applicationOver wrap foldingAbsorbent layer sealing & cuttingTop sheet feedHydro gel sticker cutting & applicationCutting out apertureBacksheet feedFront & Backsheet mergeGlue, seal & cutProduct group completed & stacked (folded or unfolded)Packaging
19Costing (Assumptions) Tisteron LtdCosting (Assumptions)2 LinesLines1234Investment$1,500,000$3,000,000$4,500,000$6,000,000ShiftsDaily Capacity (85% efficiency)183,600367,200550800734,4001,468,800550,8001,101,6002,203,200Area required (Sqm)1200200030004000Rent (Inc. Municipals) $/Sqm$7.00Working days per month25Interest rate5%Years5Working Capital Financing periodMonthsDirect laborAs calculatedManufacturing costOn sales3.5%Distribution, Sales12.0%G&A1.50%Hourly Machine CapacitySpeed (units/minute)450Hours/shift8Efficiency85%
20New business opportunity Novel solution to real need SummaryTisteron LtdNew business opportunityNovel solution to real needPatents granted & pendingProducts assembled from readily available resources/technologyOptimization & commercialization open for discussion