Tortuous Path
Insultex consists of a three-dimensional network of a countless number of evacuated cells, which impacts the conduction of thermal energy.
The latest news and press from Insultex House Wrap
- Innovative Designs Vendor Growth
- Innovative Designs Vendor Growth
- World International Patent Organization (WIPO) Application Accepted on Superior Insulation Advancement to Maximize Global Marketing Opportunities for Innovative Designs, Inc.
- LIG Assets, Inc. Announces Agreement With Insultex House Wrap
- Innovative Designs Inc. Receiving Orders From Numerous New Client Accounts for Top Performing Insultex House Wrap With Unmatched R-6 Insulation Value
- Innovative Designs Adds New Accounts
- Innovative Designs, Inc. Receives $100,000 Direct Private Investment from Board Member Mr. Robert K. Adams
- Innovative Designs, Inc. Receives Significant New Orders for Its Unmatched Insultex House Wrap from Two Repeat Customers
- Innovative Designs Receives Patent for Propriety Process With Low Density Foam
- Innovative Designs Receives Notice of Allowance on Patent Application
- Innovative Designs Adds International Distributor
- Innovative Designs Adds Board Member
- Innovative Designs to Assist in Hurricane Ian Rebuilding Process
- Innovative Designs Reaches Settlement With FTC, Receives First Payment
- Innovative Designs Adds Major Distributor
Innovative Designs, Inc. Receives $100,000 Direct Private Investment from Board Member Mr. Robert K. Adams
PITTSBURGH, PA – (NewMediaWire) – June 5, 2023 – Innovative Designs, Inc. (OTCQB: IVDN) wishes to acknowledge a substantial new private placement investment from its Board of Directors member Robert K. Adams. On May 30th an SEC Form 4 filing was made, reporting that Mr. Adams purchased 500,000 shares of IVDN common stock at the market price on that date of .20 per share. This transaction resulted in a cash payment to the company of $100,000 which will be used to help further current plans to expand production and marketing of our patented Insultex® insulation product line. With this 500,000-share purchase Mr. Adams has added to his IVDN common stock holdings of 871,300 shares in total. The Form 4 SEC filing with additional details may be viewed at this direct link: https://www.otcmarkets.com/filing/html?id=16696428&guid=OGT-kpYMRb9mB3h
Regarding his IVDN personal investment, Robert K. Adams stated, “I see very high return potential in the Innovative Designs business plan going forward from this point. The company’s Insultex® House Wrap, IDI Gear clothing line and other products, made with our patented and unique evacuated cell material, offer far superior performance to all competitive options on the market today. Innovative Designs is the sole source of this incredible material which has been finally validated via the Federal Court victories recently won by the company. Now that we are in a position to focus all of our attention and energies on marketing the Insultex® product lines, this is the time of opportunity we have been working towards and we intend to develop our market share to its fullest.”
Robert K. Adams is a very accomplished member of the Innovative Designs Board of Directors. Mr. Adams graduated from Texas A&I University with a degree in Electrical Engineering and he has worked in some impressive professional positions. He began his career at the Lockheed Martin Corporation working on projects for NASA. Mr. Adams then moved on to the Department of Defense as an electrical engineer at Kelly Air Force Base. Afterwards, Mr. Adams was recruited to head a cyber security development team for the Department of Defense with direct work for the US Air Force. Mr. Adams later established his own private company to support clients through the investigation of technical and scientific research, government policies and procedures, patent development and engineering concepts.
About Innovative Designs Inc.
Innovative Designs, Inc. manufactures the Insultex® House Wrap and Arctic Armor® Line, under the “i.d.i.gear” label featuring INSULTEX®. Patented INSULTEX® is the thinnest, lightest and warmest insulator in the market today. For more information, please visit http://www.idigear.com or https://insultexhousewrap.com.
Disclaimer
Certain statements in this press release constitute “forward-looking” statements as defined by federal law. Such statements are based on assumptions, but there is no assurance that actual outcomes will not be materially different as those implied. Any such statements are made in reliance on the “Safe Harbor” protections provided under the Private Securities Reform Act of 1995 and are subject to various factors, including the risks and matters discussed in the Company’s SEC filings available at http://www.sec.gov.
Joseph Riccelli
412-799-0350
Innovative Designs, Inc. Receives Significant New Orders for Its Unmatched Insultex House Wrap from Two Repeat Customers
PITTSBURGH, PA – (NewMediaWire) – June 1, 2023 – Innovative Designs, Inc. (OTCQB: IVDN) is pleased to report that the company has just received significant new orders for its Insultex House Wrap® insulation from two separate customers in the Midwest region of the US. These orders are being processed and shipped at the present time.
One order was from Lindus Construction, Inc. in Wisconsin, which has been installing our Insultex® House Wrap on their clients’ homes for many years. Lindus Construction understands the great advantages of Insultex® House Wrap over other home insulation options and offers a strong endorsement of our product on their own website here: https://lindusconstruction.com/blog/insultex-house-wrap-future-home-weatherization/
The second order was from a repeat customer in Minnesota which is a manufacturer of modular homes. This is another excellent application of Insultex® House Wrap for superior energy savings and other high value benefits to enhance the long term value of the homes where it is installed. Better insulation means lower energy bills, better home protection from the elements and also a reduction in carbon output from energy suppliers for a better environment.
Insultex® House Wrap delivers an unmatched R-6 rating because of our unique and patented vacuum cell structure design. No other product on the market today offers a vacuum cell structure. It has been proven that a vacuum is the best insulation and Insultex® incorporates countless vacuum evacuated cells. Insultex® consists of a three-dimensional network of evacuated cells resulting in the creation and enforcement of a thermal energy tortuous path within the Insultex® that delivers energy saving results far superior to competitive products.
Innovative Designs Inc. CEO, Joseph Riccelli, commented, “We are very glad to see the latest repeat orders coming in from our good customers who understand and appreciate the unequalled performance of Insultex House Wrap®. The homes being equipped with our state-of-the-art insulation technology will enjoy far superior energy savings as well as a moisture barrier and other key benefits which will add greatly to their own value. We welcome more home builders and re-modelers to come to us for Insultex House Wrap® so that they can start incorporating the game changing advantages of this unique product into their work as well.”
About Innovative Designs Inc.
Innovative Designs, Inc. manufactures the Insultex® House Wrap and Arctic Armor® Line, under the “i.d.i.gear” label featuring INSULTEX®. Patented INSULTEX® is the thinnest, lightest and warmest insulator in the market today. For more information, please visit http://www.idigear.com or https://insultexhousewrap.com.
Disclaimer
Certain statements in this press release constitute “forward-looking” statements as defined by federal law. Such statements are based on assumptions, but there is no assurance that actual outcomes will not be materially different as those implied. Any such statements are made in reliance on the “Safe Harbor” protections provided under the Private Securities Reform Act of 1995 and are subject to various factors, including the risks and matters discussed in the Company’s SEC filings available at http://www.sec.gov.CONTACT:
Joseph Riccelli
412-799-0350
joer@idigear.com
Innovative Designs Receives Patent for Propriety Process With Low Density Foam
Pittsburgh, PA – (NewMediaWire) – April 20, 2023 – Innovative Designs (IVDN) is pleased to announce that on April 11, 2023, the United States Patent and Trademark Office (USPTO) has issued Patent # 11,623.375 B2 defining our proprietary process for forming closed and evacuated cell expanded low density foam is entitled to patent protection. The USPTO first issued in January 2023 a Notice of Allowance and the patent was issued accordingly.
Innovative Designs CEO Joseph Riccelli commented, “This is a key milestone and validation for our Insultex® insulation. Now that this patent is in place, we anticipate unprecedented growth into apparel and many other markets.”
Disclaimer – Certain statements in this press release constitute “forward-looking” statements as defined by federal law. Such statements are based on assumptions, but there is no assurance that actual outcomes will not be materially different as those implied. Any such statements are made in reliance on the “Safe Harbor” protections provided under the Private Securities Reform Act of 1995 and are subject to various factors, including the risks and matters discussed in the Company’s SEC filings available at http://www.sec.gov.
Joseph Riccelli
412-799-0350
Innovative Designs Receives Notice of Allowance on Patent Application
Pittsburgh, PA – (NewMediaWire) – January 11, 2023 – Innovative Designs (IVDN) is pleased to announce that the United States Patent and Trademark Office (USPTO) has agreed that our patent application defining our proprietary process for forming closed and evacuated cell expanded low density foam is entitled to patent protection. The USPTO has issued a Notice of Allowance and an appropriate patent will issue in due course. A Notice of Allowance is a document sent to a patent applicant from the United States Patent and Trademark Office (USPTO) after a patent examiner has decided to issue the requested patent. Additional patent applications on other proprietary concepts are also being pursued.
Innovative Designs CEO Joseph Riccelli commented, “This is another step forward in the validation process for our Insultex® insulation. Once in place it will open the door for unprecedented growth into apparel many other markets.”
Disclaimer:
Certain statements in this press release constitute “forward-looking” statements as defined by federal law. Such statements are based on assumptions, but there is no assurance that actual outcomes will not be materially different as those implied. Any such statements are made in reliance on the “Safe Harbor” protections provided under the Private Securities Reform Act of 1995 and are subject to various factors, including the risks and matters discussed in the Company’s SEC filings available at http://www.sec.gov.
Joseph Riccelli
412-799-0350
Innovative Designs Adds International Distributor
Pittsburgh, PA – (NewMediaWire) – December 7, 2022 – Innovative Designs (IVDN) has entered into an International Distributorship Agreement with Phoenix Nanotech LTD, Norfolk, England. Phoenix Nanotech LTD will maintain exclusive distribution rights in Commonwealth Countries. The Commonwealth is a voluntary association of 56 independent and equal countries. It is home to 2.5 billion people and includes both advanced economies and developing countries. Thirty-two of the members are small states, including many island nations. The member governments have agreed to shared goals like development, democracy, and peace. The agreement, executed on November 18, 2022, states Phoenix Nanotech LTD will purchase a minimum of 1,000,000 yards of Innovative Design’s exclusive insulation Insultex™ and a minimum of 1,000 rolls of Insultex House Wrap in a calendar year.
Phoenix Nanotech CEO, Leigh Allison, commented, “We were delighted to sign an international distributorship agreement with Joe at Innovative Designs Inc. The transition towards net-zero by 2050 will involve profound, sometimes disruptive products and ‘Insultex’ with its global multiple application potential is definitely one of those products.“
Innovative Designs Inc CEO, Joseph Riccelli, commented, “We are excited to enter into an agreement with Phoenix Nanotech LTD. We reached an agreement with them to order a substantial quantity of our House Wrap and a minimum of 1,000,000 yards of our Insultex insulation. We are laying the groundwork to meet international demands as well as with continued growth here in the U.S.”
Disclaimer:
Certain statements in this press release constitute “forward-looking” statements as defined by federal law. Such statements are based on assumptions, but there is no assurance that actual outcomes will not be materially different as those implied. Any such statements are made in reliance on the “Safe Harbor” protections provided under the Private Securities Reform Act of 1995 and are subject to various factors, including the risks and matters discussed in the Company’s SEC filings available at http://www.sec.gov.
Joseph Riccelli
412-799-0350
Innovative Designs Adds Board Member
Pittsburgh, PA – (NewMediaWire) – December 1, 2022 – Innovative Designs Inc (OTCQB: IVDN)has added Robert K. Adams to its Board of Directors. Mr. Adams graduated from Texas A&I University with a degree in Electrical Engineering.
Throughout his career, Mr. Adams has worked in various capacities. He began his career at the Lockheed Martin Corporation working on various projects for NASA. Mr. Adams then moved onto the Department of Defense as an electrical engineer at Kelly Air Force Base.
Mr. Adams was later recruited to head a cyber security development team for the Department of Defense. His team developed a system to safeguard the various Air Force networks.
Mr. Adams later established his own company, Planck Consulting, to support clients through the investigation of technical and scientific research, government policies and procedures, patent development and engineering concepts.
Mr. Adams commented “My investor relationship with IVDN began almost 14 years ago, and I am extremely proud to be asked to become part of the amazing IVDN management team.”
Innovative Designs CEO, Joseph Riccelli, stated, “Adding Mr. Adams to our Board of Directors strengthens the company’s ability to quickly solve any issues that may surface and allows us to move forward at a faster rate”.
Disclaimer
Certain statements in this press release constitute “forward-looking” statements as defined by federal law. Such statements are based on assumptions, but there is no assurance that actual outcomes will not be materially different as those implied. Any such statements are made in reliance on the “Safe Harbor” protections provided under the Private Securities Reform Act of 1995 and are subject to various factors, including the risks and matters discussed in the Company’s SEC filings available at http://www.sec.gov
Joseph Riccelli
412-799-0350
Innovative Designs Reaches Settlement With FTC, Receives First Payment
Pittsburgh, PA – (NewMediaWire) – September 1, 2022 – Innovative Designs Inc. (OTCQB: IVDN) and the Federal Trade Commission (“FTC”) agreed to a settlement on the Company application seeking fees, costs and expenses approved by the Court on June 29, 2022. The amount is $260,000. On August 30, 2022, the Company received a partial payment of $200,000. This is a result of filing a motion pursuant to the Equal Access to Justice Act that was filed against the Federal Trade Commission after the court dismissed the case. Joseph Riccelli, CEO of Innovative Design commented, “The company is pleased that the case is over, and we can move forward with our business plan.”
Innovative Designs Inc. manufactures the Insultex® House Wrap, Arctic Armor® Line, under the “i.d.i.gear” label featuring INSULTEX®. INSULTEX® is the thinnest, lightest, and warmest insulator in the market today. For more information, please visit http://www.idigear.com or www.insultexhousewrap.com.
Disclaimer
Certain statements in this press release constitute “forward-looking” statements as defined by federal law. Such statements are based on assumptions, but there is no assurance that actual outcomes will not be materially different as those implied. Any such statements are made in reliance on the “Safe Harbor” protections provided under the Private Securities Reform Act of 1995 and are subject to various factors, including the risks and matters discussed in the Company’s SEC filings available at http://www.sec.gov
Joseph Riccelli
412-799-0350
Innovative Designs Adds Major Distributor
Pittsburgh, PA – (NewMediaWire) – August 25, 2022 – Innovative Designs Inc. (OTCQB: IVDN) has entered into a distributorship agreement with Hartman Independent, located in Western Pennsylvania. For over 70 years, Hartman has been supplying collated nails and screws, narrow, medium, and wide crown staples, pneumatic tools and air compressors – and many more fastening and building products – to the industrial, construction, and dealer markets. Hartman, with its 6 outside salesmen, will cover eastern Ohio, northern West Virginia, western and central Pennsylvania, portions of New York, Maryland and Virginia. Innovative Designs CEO, Joseph Riccelli, stated, “We are excited to add Hartman to our ever-growing list of distributors. They will now be able to service accounts in the tri-state area and beyond.”
About Innovative Designs Inc.
Innovative Designs Inc. manufactures the Insultex® House Wrap, Arctic Armor® Line, under the “i.d.i.gear” label featuring INSULTEX®. INSULTEX® is the thinnest, lightest, and warmest insulator in the market today. For more information, please visit http://www.idigear.com or www.insultexhousewrap.com.
Disclaimer
Certain statements in this press release constitute “forward-looking” statements as defined by federal law. Such statements are based on assumptions, but there is no assurance that actual outcomes will not be materially different as those implied. Any such statements are made in reliance on the “Safe Harbor” protections provided under the Private Securities Reform Act of 1995 and are subject to various factors, including the risks and matters discussed in the Company’s SEC filings available at http://www.sec.gov
Joseph Riccelli
412-799-0350
joer@idigear.com
Innovative Designs Distributorship Expansion
Pittsburgh, PA – (NewMediaWire) – June 13, 2022 – Innovative Designs Inc. (OTCQB: IVDN) has been contacted by and entered into negotiations with several companies interested in becoming a licensed distributor of its Insultex House Wrap®. The interested parties would add the following states to the current territories already in place: Ohio, Pennsylvania, Colorado, New York, and West Virginia. Innovative Designs Inc. CEO, Joseph Riccelli, commented, “Adding these new distributors would increase our coverage in the contiguous U.S. to 30%. Our goal has always been to eventually have distributorship coverage in all the key areas across the United States. These additional distributors will be positioned in locations where homebuilders and contractors are in abundance. Our expectations are a substantial increase in revenue as these new distributors come onboard.”
About Innovative Designs Inc.
Innovative Designs Inc. manufactures the Insultex® House Wrap, Arctic Armor® Line, under the “i.d.i.gear” label featuring INSULTEX®. INSULTEX® is the thinnest, lightest and warmest insulator in the market today. For more information, please visit http://www.idigear.com or www.insultexhousewrap.com.
Disclaimer
Certain statements in this press release constitute “forward-looking” statements as defined by federal law. Such statements are based on assumptions, but there is no assurance that actual outcomes will not be materially different as those implied. Any such statements are made in reliance on the “Safe Harbor” protections provided under the Private Securities Reform Act of 1995 and are subject to various factors, including the risks and matters discussed in the Company’s SEC filings available at http://www.sec.gov.
Joseph Riccelli
412-799-0350
Innovative Designs Inc. Interview to Air on Bloomberg U.S. on the RedChip Money Report
Pittsburgh, PA – (NewMediaWire) – March 03, 2022 – Innovative Designs Inc. (OTCQB: IVDN), a company engaged in marketing and selling clothing products such as outdoor apparel and cold weather gear and which markets its House Wrap product line, a building material with thermal qualities, today announced that an interview with CEO Joseph Riccelli will air on The RedChip Money Report® on Bloomberg TV on Saturday, March 5 at 7 p.m. Eastern Time (ET). Bloomberg TV is available in an estimated 73 million homes across the United States.
The RedChip Money Report® is produced by RedChip Companies Inc., an international Investor Relations and media firm with 30 years’ experience focused on Discovering Tomorrow’s Blue Chips Today™. “The RedChip Money Report®” delivers insightful commentary on small-cap investing, interviews with Wall Street analysts, financial book reviews, as well as featured interviews with executives of public companies.
To view the interview segment, please visit:
About Innovative Designs Inc.
Innovative Designs Inc. manufactures the Insultex® House Wrap, Arctic Armor® Line, under the “i.d.i.gear” label featuring INSULTEX®. INSULTEX® is the thinnest, lightest and warmest insulator in the market today. For more information, please visit http://www.idigear.com or www.insultexhousewrap.com.
Disclaimer
Certain statements in this press release constitute “forward-looking” statements as defined by federal law. Such statements are based on assumptions, but there is no assurance that actual outcomes will not be materially different as those implied. Any such statements are made in reliance on the “Safe Harbor” protections provided under the Private Securities Reform Act of 1995 and are subject to various factors, including the risks and matters discussed in the Company’s SEC filings available at http://www.sec.gov
Joseph Riccelli
412-799-0350
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Recently, we experienced a hailstorm that required the complete re-siding of our home. At that time we decided to use Insultex House Wrap because of its R-3 value rating. Since its installation, we have seen a reduction in heating and air conditioning costs and believe the wrap also has reduced the annoyance of outside noise.
Thank you Innovative Designs, Inc.
New building codes were going to cause me to have to redesign the way I build. Using Insultex House Wrap® now allows me to meet required insulation values by simply applying the house wrap.
The energy savings that my customers will realize has made it their preferred insulated house wrap, hands down!
As a home builder, I need to add a water vapor barrier to protect my structures. It’s a no-brainer to add an R-Value in the same process.
As a home builder, I need to add a water vapor barrier to protect my structures. It’s a no-brainer to add an R-Value in the same process.
I am a building contractor, and I wanted to comment on the quality of your Insultex house wrap. Recently, a customer requested that I install your product on their home. I was very impressed that your product was lightweight, pliable, water-resistant, easy to install, and in addition had an R-3 value. I will use Insultex in the future.