Keiretsu Forum Mid-Atlantic Invests $500K in First Close of Advanced Absorbent Technologies

By: Keiretsu Forum Mid-Atlantic
 
PHILADELPHIA - Oct. 2, 2015 - PRLog -- Kieretsu Forum Mid-Atlantic (http://www.keiretsuforum-midatlantic.com/) (K4-MA) is pleased to announce the first close of Advanced Absorbent Technologies.  K4-MA members have invested $500,000 out of the total $1.5 Million dollar Series A Preferred Stock raise in the local Pennsylvania company.

Advance Absorbent Technologies (http://www.advancedabsorbenttechnologies.com/) is a company committed to enhancing the lives of absorbent disposable personal care product (diapers, absorbent underwear, etc.) users through the use of cutting edge materials and creative, non-traditional designs.  As a new and innovative player in the $9 Billion dollar adult incontinence market, disposable underwear for adults will be the first product AAT brings to market.

“Advanced Absorbent Technologies is typical of the kinds of consumer product focused companies that we invest in at Keiretsu Forum” says Howard Lubert, president and co-founder of K4-MA.  “Nothing flashy, no rocket science, just a novel and fresh approach to a market segment that has long been in need of innovation”.

Joe Howard, President and CEO of AAT,  believes this patent pending technology and new design will break the technological paradigm in use today as well as create a new, enhanced level of comfort, discretion, and performance in adult incontinence products.

Howard plans to use the first close funds to optimize the absorbent core recipe and outer garment design, purchase modest capital to assist with the unique absorbent core production process, sample product to be used in home use testing, branding research to determine the brand name and best communication points. retailer on boarding and to build inventory.

The balance of sale of Series A Preferred Stock will primarily be for working capital and up front retailer fees. “AAT is creating the next generation of disposable absorbent care products that will provide greater user comfort and discretion while delivering world class performance”, Howard says.

About Advanced Absorbent Technologies

Advanced Absorbent Technologies, LLC (AAT) has created the next generation of absorbent personal care products, beginning with adult incontinence.  AAT is an innovative Philadelphia based start-up dedicated to the creation of new technology to overcome exhausted paradigms that limit the benefits provided to consumers. With over 75 years of combined absorbent products industry knowledge and experience, three senior executives have created AAT in the heart of the disposable absorbent products industry. By replacing impoverished norms with cutting edge technology and sophisticated resources, AAT is on the path to rapidly disrupt the adult incontinence market.  For more information on Advanced Absorbent Technologies and its executives, please visit the AAT website at http://www.advancedabsorbenttechnologies.com/.

Contact
Joseph Howard
jchoward72@aol.com
End
Source:Keiretsu Forum Mid-Atlantic
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Tags:Investing, Personal Care, First Close
Industry:Business
Location:Philadelphia - Pennsylvania - United States
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