InnoVida

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InnoVida
Private
Industry Construction Materials
Founded 2005 (2005) in Miami, Florida, United States
Founder Claudio Osorio
Headquarters Miami, Florida (North America) Dubai, UAE (Middle East)
Area served
 Worldwide
Key people
 Atilano de Oms Sobrinho (CEO)

Mario Sanchez (VP)

Craig Toll (CFO)
Products Fiber Composite Panels
Number of employees
 500+
Website innovida.com
inepar.com.br

InnoVida was a manufacturer of building materials, founded by businessman Claudio Osorio. It entered bankruptcy in 2011, one in a string of companies taken into bankruptcy under Osorio's leadership.[1]

Law Suit

Brazil's Inepar to purchase InnoVida Holdings[2]

In investor's lawsuit, court-appointed receiver takes control of housing business InnoVida[3]

History

  • 25 April 2007, the Osorios were insolvent by this point as court papers would later reveal.
  • 16 November 2007, Jeb Bush becomes a consultant for $15000 a month.[4] Before signing up Bush conducted a background check on Osorio, which found "no red flags indicating criminal or financial wrongdoing."[5]

About Company

Inepar Inepar SA Industria e Construcoes (INEP4:BZ) Industry: Machinery-Therml Process • BM&FBOVESPA • Currency: BRL[6]

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 Schwartau was inventor of the technology, Claudio Osorio was previously the CEO of CHS Electronics, Inc.[7]

While Uli Schwartau left (or had to leave) InnoVida several months ago Osorio’s legal troubles have piled up in the last year.

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.[8]

InnoVida had operations in USA, Germany, the Middle East, Africa, Central and South America.[9]

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,[10] 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.[11]

References

  1. ↑ Osorio’s InnoVida companies enter Chapter 11 March 24, 2011 South Florida Business Journal
  2. ↑ topix.com
  3. ↑ miamiherald.com
  4. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  5. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  6. ↑ Inepar bloomberg.com
  7. ↑ Innovida website innovida.com, "Claudio Osorio Bio"
  8. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  10. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  11. ↑ Lua error in package.lua at line 80: module 'strict' not found.

External links

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