Several companies are negotiating to distribute the patented House Wrap insulation; Far superior to the competition in energy saving performance: Innovative Designs, Inc. (OTCQB: IVDN)
Patented and unique Insultex® insulation offering performance far superior to all competitions.
Applications in the multi-billion dollar global home building products and winter apparel categories.
A recent court victory positions the company for nationwide marketing expansion of the unrivaled Insultex® House Wrap R-6 insulation.
Multi-Location Hamshaw Lumber added as New England retailer with initial housepacking order.
Independent testing certifies an unmatched R-6 insulation value.
IVDN has been contacted and has entered into negotiations with several companies interested in becoming an authorized distributor of its Insultex House Wrap®. 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 said, “The addition of these new distributors would increase our coverage in the contiguous United States to 30 percent. Our goal has always been to have distribution coverage in all key areas across the United States. These additional distributors will be positioned in locations where home builders and contractors are in abundance. Our expectations are for a substantial increase in revenue as these new distributors arrive.
Innovative Designs, Inc. (OTCQB: IVDN), manufactures and markets its patented Insultex® material, a quantum leap in insulation as the thinnest, lightest and warmest insulation on the market today. IVDN products offer optimal warmth and comfort with insulating, windproof and waterproof protection. IVDN has used its proprietary Insultex® material to market both garments and home construction insulation products. The line of home building products is marketed under the trade name Insultex House Wrap® and enters the global market at a time when concerns about climate issues and the need for greater energy efficiency are increasing at a rapid pace .
This new vacuum cell structured fabric, available exclusively from IVDN, is truly revolutionary. Vacuum has been proven to be the best insulation and IVDN Insultex® incorporates countless evacuated cells. These individual cells create a tortuous path. Insultex® is made up of a three-dimensional network of an incalculable number of evacuated cells, which has an impact on the conduction of thermal energy. The result of this countless number of evacuated cells is the creation and application of a tortuous path of thermal energy within the Insultex®.
IVDN has a very small share structure with only about 34 million shares outstanding and a public float of about 16 million shares. Additionally, according to the latest 10-K filing, CEO Joseph Riccelli and two directors own more than 8 million of those shares, making IVDN a very thin stock.
On June 1, IVDN issued a shareholder update covering the greatly improved state of the company’s marketing capability after winning a major court victory in late 2021. The update included the following comment from the management of IVDN:
“Our company has taken some very positive and significant milestones over the past few months that contribute to the long-term growth plan that we believe can deliver significantly greater value to everyone in roles within IVDN. As you may be aware, the company recently received favorable rulings in litigation regarding our rights to market Insultex House Wrap®, which has been conclusively shown to perform far superior to all competing products. on the market today.
Since the favorable final resolution of the litigation at the end of 2021, we have been working to revive and expand our manufacturing and marketing efforts nationwide. To that end, we have added new distributors who are beginning to bring us increasing orders for Insultex House Wrap® every month now. As customers learn of the superior performance of our product, they order Insultex House Wrap® and, in an era of energy prices at all time highs, insulation performance has never been as important. Although we do not advertise every new customer and order we receive, increased order flow will be reflected in our quarterly financial reports going forward.
On April 21, IVDN announced the addition of Hamshaw Lumber to its list of retailers. Opened in 1980, Hamshaw Lumber now has seven locations: Barre, MA, Amherst, MA, Brattleboro, VT, South Deerfield, MA, Greenfield, MA, Keene, NH and Orange, MA. See the Hamshaw Lumber website: https://hamshawlumber.com/.
Hamshaw Lumber Buyer, Chris Calcari, commented: “A contractor and owner inquired about Insultex House Wrap®, with an R-value of 6, at Hamshaw Lumber. After doing some research, I was impressed with the energy efficiency it offers as well as its environmental impact. Our first purchase order is on its way to our Orange, Massachusetts store.
To view the interview segment anytime, visit: https://youtu.be/jTF2_GrnH3c
1 coat of Insultex® protects a person from freezing temperatures.
1 square yard of Insultex® is 0.021 inches thick and weighs 0.42 oz.
8.8 oz. of Insultex® can float approx. 287 pounds. of body weight.
Insultex® material can be sewn and/or laminated.
Multiple layers of Insultex® can be used to provide virtually unlimited levels of insulation.
This amazing IVDN material can be used in outerwear, tents, sleeping bags, coolers, boots, swimsuits, blankets, comforters; just about anything that would benefit from its remarkable insulating or buoyant qualities.
Home building applications:
According to Grand View Research, the global insulation market size was estimated at US$52.18 billion in 2018 and is expected to grow at a CAGR of 5.7% in the future. Increased consumer awareness of energy conservation is believed to propel growth. Factors such as rapid industrialization and urbanization in emerging countries such as China, India, the Philippines, Malaysia and Indonesia reinforce the need for better infrastructure.
The majority of extensive testing for NDVI was performed by an independent certified laboratory using a modified ASTM-C518 protocol approved by the accrediting agency. Other relevant thermal tests have been carried out by accredited and independent material testing laboratories.
Contractors and builders using IVDN Insultex House Wrap® have the ability to not only add a water vapor, air and wind barrier, but also add additional R-6 insulation to a structure. . This is all accomplished by applying IVDN Insultex House Wrap® the same way other house wraps are attached to a structure. Cladding contractors can now offer their customers additional R-Value by simply applying IVDN Insultex House Wrap® to the existing structure. Builders who need to meet more stringent R-value requirements can simply add IVDN Insultex House Wrap® to their wall structure and immediately add an additional R-6 insulation value.
For more information about Innovative Designs Inc. (OTCQB: IVDN), visit the company’s 2 websites at: http://www.idigear.com and http://www.insultexhousewrap.com.
DISCLAIMER: This article is for informational purposes only and does not constitute a recommendation to buy or sell stocks.
Company Name: INNOVATIVE DESIGNS, INC.
Contact person: Joseph Riccelli, CEO
E-mail: Send an email
Address:124 Cherry Street
State: PA 15223
Country: United States