- InnoVida
-
Type Private Founded Miami, FL (2005) Headquarters Miami, Florida (North America) Dubai, UAE (Middle East)
Industry Construction Materials Areas Served Worldwide Leadership Atilano de Oms Sobrinho (CEO)
Amarilis Moran Osorio (VP)
Craig Toll (CFO)Number of Employees 500+ Products Fiber Composite Panels Website http://www.innovida.com/
http://www.inepar.com.br/Contents
Law Suit
Brazil's Inepar to purchase InnoVida Holdings[1]
In investor's lawsuit, court-appointed receiver takes control of housing business InnoVida[2]
About Company
Inepar Inepar SA Industria e Construcoes (INEP4:BZ) Industry: Machinery-Therml Process • BM&FBOVESPA • Currency: BRL[3]
InnoVida was a manufacturer of building materials. They took parts of a material and processing technology originally invented by a German company, and claimed from then on to have developed this technology calling it ¨InnoVidaPanels (Composite Structural Insulated Panels or CSIPs). Using project materials, names and products like being their own property in the beginning they presented it as an alternative to traditional construction materials, with the goal of allowing for faster and cost-effective construction. ¨InnoVida's¨ sandwich panels are similar to the materials used to make watercraft and aircraft, such as the Boeing 787 and Airbus A350. Uli Schwartau and Claudio Osorio were the founder and co-founder and CEOs of InnoVida. Uli Scxhwartau was a sales person in the German company that had invented the technology, Claudio Osorio was previously the CEO of CHS Electronics, Inc.[4]
While Uli Schwartau left (or had to leave) InnoVida several months ago Osorio’s legal troubles have piled up in the last year. In the Jan. 28 print edition, the Business Journal reports on lawsuits against Osorio, including a Jan. 21 verdict against him in a case filed by his neighbor, Marc Iacovelli. The verdict awarded $6 million in fees and damages to Iacovelli, but Osorio’s attorney, Robert Zarco, said he would ask a judge for a judgment in favor of Osorio anyway (South Florida Business Journal - by Paul Brinkmann)
Read more: Claudio Osorio target in $220M Swiss probe | South Florida Business Journal
InnoVida's panels are becoming more accepted as an alternative to traditional construction materials. They are sold as being stronger, more flexible than cement, steel or bricks and also non-flammable, waterproof and hurricane resistant.
"InnoVida technology would have a far-reaching impact on the booming construction industry by reducing its dependence on cement, wood, steel and labor while ensuring speedy environment-friendly construction. 'We hope our building on Al Reem Island will be the first such structure to inspire other builders to adapt this technology which will go a long way in saving energy and construction time.'" - Dr. Abdallah Shaaban, Chief Executive Officer of Tameer Abu Dhabi.[5]
InnoVida had operations in USA, Germany, the Middle East, Africa, Central and South America.[6]
Past projects include: The 20,000 sft. Tameer Holdings Corporate office building, A 45-foot pyramid, made of InnoVida panels built in UK's Hyde Park and painted by the artist Romero Britto,[7] a $15M USD Factory in Tanzania, a $28M USD project in Chengdu, China for post-disaster reconstruction and new village building.
Products
InnoVida's composite building materials (CSIPS), copied from the former German company Aqua House, are similar to the materials used to make watercraft and aircraft, such as the Boeing 787 and Airbus A350.
They can also be formed into any dimension, shape, which is required for the structure. CSIPs reduce building costs by almost half because cement, steel and wood would not be required.[8]
References
- ^ topix.com
- ^ miamiherald.com
- ^ Inepar bloomberg.com
- ^ Innovida website innovida.com, "Claudio Osorio Bio"
- ^ Staff Reporter (24 November 2007). "Building sans steel, wood and concrete nearing completion". Khaleej Times. http://www.khaleejtimes.com/DisplayArticleNew.asp?xfile=data/business/2007/November/business_November655.xml§ion=business&col=. Retrieved 29 September 2009.
- ^ Staff Reporter (25 November 2007). "Innovative building takes shape on Al Reem Island". Go Wealthy. http://www.gowealthy.com/realestate/news/3277/detail.asp. Retrieved 29 September 2009.
- ^ Staff Writer (30 October 2007). 45ft "King-Sized Pyramid Arrives in Hyde Park". Sys-Con Media. http://www.sys-con.com/node/452352 45ft. Retrieved 28 September 2009.
- ^ Daily News Reporter (13 August 2008). "New Housing Technology Comes to Dar". Tanzania Daily News. http://dailynews.habarileo.co.tz/home/index.php?id=6527. Retrieved 29 September 2009.
External links
- Official Website
- InnoGreen
- Bankruptcies - Warning Note !
- In investor's lawsuit, court-appointed receiver takes control of housing business InnoVida
- Hobnobbing with Bill, Hillary, Obama
- Swiss pursue swindling case of Venezuelan in South Florida
- Bankruptcy officer calls InnoVida CEO uncooperative
- InnoVida collapse traps employee
- Agency asked InnoVida for proof of money trail
- Bankruptcy judge to Osorio: Show me the money
- Osorio creditors call squeeze play
- Osorio fails to comply with order, trustee says
- Judge: Why isnt InnoVida's Osorio here?
- Osorio agrees to hand over offshore bank information
- Osorio case, like many others, turns on offshore bank accounts
Categories:- Manufactured home manufacturers
- Construction
- Building materials
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