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The Opportunity
"Single-use" gloves have escaped the growing trend toward reprocessing
because of their single use design, a commodity approach to marketing (high
volume, low price), high reprocessing costs, and the difficulty of
individual testing and traceability. After two years of development,
Tomorrow’s Glove Technology, LLC (TGT) has overcome these challenges,
resulting in TGT’s unique package:
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G-Track
Glove: designed with premium Nitrile polymers,
 are
reusable up to 10 times while retaining the fitness and comfort of
single-use gloves. Each glove, manufactured under TGT’s specifications,
incorporates a unique serial number. The glove number, lot number,
manufacturing line, etc. are tracked, enabling full traceability in the
reconditioning process, as required by the FDA.
G-TRU Reprocessing System: a fully
automated
 reprocessing
and testing system allows end-users or
distributors to reprocess G-Track Gloves
on-site or at a dedicated service provider’s location. The system
reprocesses, decontaminates, sterilizes, dries, electronically tests, packs,
and traces G-Track Gloves. The reprocessed gloves exceed FDA and EN testing
requirements for single-use gloves.
G-Track & G-TRU offer end-users, especially
in the healthcare industry, a breakthrough innovation, enabling them to use
a higher performing glove at a lower total cost. The G-Track also eliminates
the waste management costs and the employer legal liability risk associated
with latex glove usage. Cost savings can be as high as 60%.
Technology
G-TRU is fully computerized and
incorporates proprietary software that provides individual glove tracking,
quality control, and comprehensive data management. This information is
delivered on a real-time base via the Internet. The technology further
enables B2C and B2B e-commerce sales and marketing CRM.
TGT’s business model:
- Domestic United States: The company rents the G-TRU reprocessing
appliance on a monthly basis, charges a franchise license fee, sells NEW
G-track Gloves, and invoices royalties on a per-reconditioned-glove basis.
- International market: The company sells the G-TRU reprocessing
appliance, sells NEW G-Track gloves, and invoices royalties on a
per-reconditioned-glove basis.
- Franchisees sell reprocessed gloves to their distribution base, and
collect and reprocess used gloves.
Even with high end-user cost savings, TGT still enjoys a
much better overall margin (40%) than glove manufacturers (9%). The inherent
customer loyalty built into the system brings together a unique
click-and-mortar combination in this industry.
Intellectual
Property
TGT’s system is protected by US Patent
Applications and foreign counterparts around the world. TGT’s patents will
command broad coverage for the system and its advantages.
Contact:
The Company is seeking qualified investors to bring their innovative new
refurbishment technology into commercial use. For more information, contact:
Dr. Stephen P.
Weeks, President
First Principals,
Inc.
1768 East 25th Street
Cleveland, Ohio 44114
216-881-8521 - Phone
216-881-8522 - Fax
email: spweeks@firstprincipals.com
Website:
http://www.firstprincipals.com
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