Presentation on theme: "Body Waste Management Device A Business Opportunity"— Presentation transcript:
1 Body Waste Management Device A Business Opportunity Tisteron Ltd)NewBody Waste Management DeviceA Business Opportunity
2 Background 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.
3 Background 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
4 Background (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.
5 Tisteron 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.
6 PCT & 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
7 Separate 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
8 Product 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
9 Tisteron 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.
10 Observation 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
11 Observation 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
12 Benefits/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
13 Benefits/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)
14 Benefits/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
15 Benefits/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.
16 Other possible applications Tisteron LtdOther possible applicationsExample of use during carotid artery operation – replacing catheter
17 Proposed Improvements Tisteron LtdProposed ImprovementsRedesign apertures’ size and locationRedesign adhesive aperture measurementsDesign devices with various containment volume capacityRedesign device shape for better fit & convenience
18 Production 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
19 Costing (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%
20 New 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
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