<PAGE>

                                                                     Exhibit 4.5

                         NOTICE OF GUARANTEED DELIVERY
                           FOR TENDER FOR EXCHANGE OF
                         10 3/4% SENIOR NOTES DUE 2011
                   FOR 10 3/4% SERIES B SENIOR NOTES DUE 2011
                                       OF

                      Applied Extrusion Technologies, Inc.

      This Notice of Guaranteed Delivery, or one substantially equivalent to
this form, must be used to accept the Exchange Offer (as defined below) if (i)
the procedures for delivery by book-entry transfer cannot be completed on a
timely basis, (ii) certificates for the Company's (as defined below) 10 3/4%
Senior Notes due 2011 (the "Notes") are not immediately available or (iii) the
Notes, the Letter of Transmittal and all other required documents cannot be
delivered to Wells Fargo Bank Minnesota, National Association (the "Exchange
Agent") on or prior to       , 2001 (the "Expiration Date"). This Notice of
Guaranteed Delivery may be delivered by hand, overnight courier or mail, or
transmitted by facsimile transmission, to the Exchange Agent. See "The Exchange
Offer--Guaranteed Delivery Procedure" in the Prospectus.

     THE EXCHANGE OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M.,
           NEW YORK CITY TIME, ON        , 2001, UNLESS EXTENDED.

                 The Exchange Agent for the Exchange Offer is:
                Wells Fargo Bank Minnesota, National Association

     By Hand Delivery, Overnight Courier, or Registered or Certified Mail:
                Wells Fargo Bank Minnesota, National Association
                            Corporate Trust Services
                          213 Court Street, Suite 902
                         Middletown, Connecticut 06457
                           Facsimile: (860) 704-6319

      DELIVERY OF THIS NOTICE OF GUARANTEED DELIVERY TO AN ADDRESS OTHER THAN
AS SET FORTH ABOVE OR TRANSMISSION OF THIS NOTICE OF GUARANTEED DELIVERY VIA
FACSIMILE TO A NUMBER OTHER THAN AS SET FORTH ABOVE WILL NOT CONSTITUTE A VALID
DELIVERY.

      IF YOU HAVE ANY QUESTIONS REGARDING THIS NOTICE OF GUARANTEED DELIVERY OR
REQUESTS FOR ADDITIONAL INFORMATION, PLEASE CONTACT THE EXCHANGE AGENT AT (860)
704-6216.

      THIS NOTICE OF GUARANTEED DELIVERY IS NOT TO BE USED TO GUARANTEE
SIGNATURES. IF A SIGNATURE ON A LETTER OF TRANSMITTAL IS REQUIRED TO BE
GUARANTEED BY AN "ELIGIBLE INSTITUTION" UNDER THE INSTRUCTIONS THERETO, SUCH
SIGNATURE GUARANTEE MUST APPEAR IN THE APPLICABLE SPACE PROVIDED IN THE
SIGNATURE BOX ON THE LETTER OF TRANSMITTAL.

               THE GUARANTEE ON THE NEXT PAGE MUST BE COMPLETED.
<PAGE>

Ladies and Gentlemen:

      The undersigned hereby tenders to Applied Extrusion Technologies, Inc., a
Delaware corporation (the "Company"), upon the terms and subject to the
conditions set forth in the Prospectus dated      , 2001 (as the same may be
amended or supplemented from time to time, the "Prospectus") and the related
Letter of Transmittal (which together constitute the "Exchange Offer"), receipt
of which is hereby acknowledged, the aggregate liquidation amount of Notes set
forth below pursuant to the guaranteed delivery procedure set forth in the
Prospectus under the caption "The Exchange Offer--Guaranteed Delivery
Procedure."

      All authority herein conferred or agreed to be conferred in this Notice
of Guarantee of Delivery and every obligation of the undersigned hereunder
shall be binding upon the successors, assigns, heirs, executors,
administrators, and legal representatives of the undersigned and shall not be
affected by and shall survive the death or incapacity of the undersigned.

      Aggregate Principal Amount Tendered:


  ----------------------------------      ----------------------------------
                                          (Name(s) of Registered Holder(s)--
                                          Please Print

  ----------------------------------      ----------------------------------
                                          (Address of Registered Holder(s))

  ----------------------------------      ----------------------------------
                                          (Zip Code)

                                          ----------------------------------
                                          (Area Code and Telephone No.)

  Check box if Notes will be              ----------------------------------
  delivered by
  book-entry transfer and provide         (Name(s) of Authorized Signatory)
  account number.

  [_] The Depository Trust Company        ----------------------------------
                                          (Capacity)

  DTC Account Number: _______________     ----------------------------------
                                          (Address(es) of Authorized
                                          Signatory)

  Date: _____________________________     ----------------------------------
                                          (Area Code and Telephone No.)

                                          ----------------------------------
                                          ----------------------------------
                                          Signature(s) of Record Holder or
                                          Authorized Signatory)

                                          Dated: ____________________________

      This Notice of Guaranteed Delivery must be signed by the registered
holder(s) of the Notes tendered hereby exactly as their name(s) appear on the
certificates for such Notes or on a security position listing such holder(s) as
the owner(s) of such Notes, or by person(s) authorized to become registered
holder(s) of such Notes by endorsements and documents submitted with this
Notice of Guaranteed Delivery. If signature is by a trustee, executor,
administrator, guardian, attorney-in-fact, officer of a corporation or other
person acting in the fiduciary or representative capacity, such person must
provide the preceding information and, unless waived by the Company, submit
with the Letter of Transmittal evidence satisfactory to the Company of such
person's authority to so act.

                                       2
<PAGE>

                             GUARANTEE OF DELIVERY

                    (Not to be used for signature guarantee)

      The undersigned, a firm or other entity identified in Rule 17Ad-15 under
the Securities Exchange Act of 1934, as amended, as an "eligible guarantor
institution," including (as such terms are defined therein): (1) a bank; (2) a
broker, dealer, municipal securities broker, municipal securities dealer,
government securities broker, government securities dealer; (3) a credit union;
(4) a national securities exchange, registered securities association or
clearing agency; or (5) a savings association that is a participant in a
Securities Transfer Association recognized program (each of the foregoing being
referred to as an "Eligible Institution"), hereby guarantees to deliver to the
Exchange Agent at its address set forth above, either the Notes tendered hereby
in proper form for transfer, or confirmation of the book-entry transfer of such
Notes to the Exchange Agent's account at The Depository Trust Company ("DTC"),
pursuant to the procedures for book-entry transfer set forth in the Prospectus,
in either case together with one or more properly completed and duly executed
Letter(s) of Transmittal (or facsimile thereof or Agent's Message (as defined
in the Letter of Transmittal) in lieu thereof) and any other required documents
within five business days after the date of execution of this Notice of
Guaranteed Delivery. The undersigned acknowledges that it must deliver the
Letter(s) of Transmittal (or facsimile thereof or Agent's Message in lieu
thereof) and the Notes tendered hereby to the Exchange Agent within the time
period set forth above and that failure to do so could result in a financial
loss to the undersigned.

   Name of Firm:
   ---------------------------------------------------------------------
   Address: ____________________________________________________________
   ---------------------------------------------------------------------
   ---------------------------------------------------------------------
                                    Zip Code

   Area Code and Telephone
   Number: _____________________________________________________________

             Authorized Signature

   Name:
   ---------------------------------------------------------------------
                              Please Type or Print

   Title:
   ---------------------------------------------------------------------
   Dated:
   _______________________________________________________________, 2001

NOTE:  DO NOT SEND NOTES WITH THIS NOTICE OF GUARANTEED DELIVERY. ACTUAL
       SURRENDER OF NOTES MUST BE MADE PURSUANT TO, AND BE ACCOMPANIED BY, A
       PROPERLY COMPLETED AND DULY EXECUTED LETTER OF TRANSMITTAL AND ANY OTHER
       REQUIRED DOCUMENTS.

                                       3

