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Tisteron Ltd) 1 New Body Waste Management Device A Business Opportunity.

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Presentation on theme: "Tisteron Ltd) 1 New Body Waste Management Device A Business Opportunity."— Presentation transcript:

1 Tisteron Ltd) 1 New Body Waste Management Device A Business Opportunity

2 Tisteron Ltd, Israel Company established to develop, patent & license the Body Waste Management Device idea Ron Chen, Founder & Inventor - Israel Moshe Goldwasser, Inventor/Consultant – Retired CEO of Avgol Inc. Tisteron Ltd 2

3 YNC – Yoav Nir Consulting Independent consultant specialist for the Nonwoven and disposable absorbent industry. Registered mentor with the Israeli Ministry of Industry & Trade Certified 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 Achievements Competing successfully against multinational consumer product giants Successfully running the company during times of war Bringing the company from a state of bankruptcy to success Leading major business strategy changes Tisteron Ltd (CONFIDENTIAL) 3

4 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 companies Co-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. Tisteron Ltd 4

5 A DISPOSABLE WASTE CONTAINMENT ARTICLE AND A COMBINATION OF TWO ARTICLES WORN SIMULTANEOUSLY CIP of Provisional Application Filed: Full patent filed: Granted April 19, 2011, Patent No US B2.pdfPatent No US B2.pdf Individual 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. Tisteron Ltd 5


7 Separate body waste collection Articles worn singly or in tandem – Separate patent pending Feces (bacteria) separated from urine Only soiled device has to be changed Support undergarment envisioned Tisteron Ltd 7

8 Attaches w/gentle adhesive surrounding orifice, sealing article(s) to body Less skin area to cleanse Odors and fecal matter captured in sealed containers Very thin and expands as fills Very soft & compliant to shape of body Simple manufacturing envisioned Tisteron Ltd 8

9 Carried out in geriatric ward of a leading nursing home in Israel, overseen by Mr. Goldwasser & Dr. Korshun The conclusion of trials in the nursing home was that the product is most effective for independent users suffering from incontinence Tisteron Ltd 9

10 Suitable for collection of body waste by independent patients Users can replace devices themselves independently more easily than a diaper when needed More comfortable than diaper & releases less odor s Tisteron Ltd 10

11 Better protection against leakage (seepage) when attached properly Less skin irritation, even with sensitive skin Hydro gel adhesive functions even in the presence of contaminants Tisteron Ltd 11

12 Dignity Less leakage Less odor (waste totally contained) Less exposure of private parts (genitalia) Comfort Easily applied and removed (Hydro gel adhesive) Low bulk Enhanced mobility Almost unnoticeable under clothing Healthier, less damage to skin (Hydro gel adhesive/less skin exposed to waste) Easily applied and removed Less exposure to body waste Less patient care cost, due to: Longer wear time Less space required for storage & disposal Less skin health care expenses Tisteron Ltd 12

13 Reduced Cost Fewer devices used per day by patient Less space required for new product warehousing Less labor required for: Changes Clean-up Laundry Fewer dermatological problems Less waste for disposal Patients & caregivers are more content Less foul atmospheric aromas in wards Improved market competitiveness (more advantageous for patient/family) Tisteron Ltd 13

14 Easily applied and removed Less bulky Less patient maneuvering required Less clean-up Skin Garments Bedding Less leakage and odors after use Used device totally enclosed in sealed bag Less dermatological issues Lower costs Tisteron Ltd 14

15 Users dignity Preserved Green product Less raw material consumed Less waste for disposal Use of Green materials in specifications & claims Low volume, hence less transportation/unit, etc. Fewer trucks Less fuel Less storage space In summary – less costs with regard to: Overall patient care Materials, waste, transportation, storage, health, labor, etc. Tisteron Ltd 15

16 Tisteron Ltd 16 Example of use during carotid artery operation – replacing catheter

17 Redesign apertures size and location Redesign adhesive aperture measurements Design devices with various containment volume capacity Redesign device shape for better fit & convenience Tisteron Ltd 17

18 1. Absorbent layer carrier/over wrap feeding 2. Glue application 3. SAP application 4. Over wrap folding 5. Absorbent layer sealing & cutting 6. Top sheet feed 7. Hydro gel sticker cutting & application 8. Cutting out aperture 9. Backsheet feed 10. Front & Backsheet merge 11. Glue, seal & cut 12. Product group completed & stacked (folded or unfolded) 13. Packaging Tisteron Ltd 18

19 Tisteron Ltd 19 2 Lines Lines 1234 Investment $1,500,000$3,000,000$4,500,000$6,000,000 Shifts Daily Capacity (85% efficiency) 1 183,600367, , ,200734, ,468, ,8001,101, ,203,200 Area required (Sqm) Rent (Inc. Municipals) $/Sqm $7.00 Working days per month 25 Interest rate 5% Years 5555 Working Capital Financing period Months3333 Direct labor As calculated Manufacturing cost On sales3.5% Distribution, Sales On sales12.0% G&A On sales1.50% Hourly Machine Capacity 183,600 Speed (units/minute) 450 Hours/shift 8 Efficiency 85%

20 New business opportunity Novel solution to real need Patents granted & pending Products assembled from readily available resources/technology Optimization & commercialization open for discussion Tisteron Ltd 20

21 Thank You Tisteron Ltd 21

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