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Patented and Unique Insultex® Insulation Delivering Performance Far Superior to All Competition.
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Applications in the Global Multi-Billion Dollar Home Building and Winter Apparel Product Categories.
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Recent Court Victory Positions Company for Expanded Nationwide Marketing of Unmatched, R-6 Rated Insultex® House Wrap Insulation.
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Distributor Base Expansion Plans with Goal of Total US Coverage.
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Multi-Location Hamshaw Lumber Added as New England Retailer with Initial House Wrap Order.
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Independent Testing Certifies Unmatched R-6 Insulation Value.
Innovative Designs, Inc. (OTCQB: IVDN), manufactures and markets its patented Insultex® material, a quantum leap forward in insulation as the thinnest, lightest, and warmest insulator in the market today. IVDN products deliver optimum warmth and comfort with insulating, windproof, and waterproof protection. IVDN has used its proprietary Insultex® material to commercialize both clothing and home building insulation products. The home building product line is marketed under the trade name Insultex House Wrap® and is entering the global marketplace at a time when concern over climate issues and the need for greater energy efficiency is growing at a fever pace.
This new evacuated cellular structured fabric, available exclusively from IVDN, is truly revolutionary. It has been proven that a vacuum is the best Insulation and IVDN Insultex® incorporates countless evacuated cells. These individual cells create a tortuous path. Insultex® consists of a three-dimensional network of a countless number of evacuated cells, which impacts the conduction of thermal energy. The result of these countless number of evacuated cells is the creation and enforcement of a thermal energy tortuous path 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 are holding over 8 million of these shares making IVDN a very lean stock.
– Distributorship Expansion
On June 13th IVDN announced it 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 on board.”
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Update to Shareholders Regarding Renewed and Expanded Marketing of Unmatched, R-6 Rated INSULTEX® House Wrap Insulation
On June 1st IVDN issued an update covering the strongly improved status of the company’s marketing capability after winning a significant court victory in 2021. The update included the following:
“Our company has been achieving some very positive and important milestones over the past several months which are contributing to the long-term growth plan that we believe can deliver substantially higher value for everyone holding positions in IVDN. As you may be aware, the company recently received favorable rulings in a litigation issue over our rights to market Insultex House Wrap® which has been conclusively demonstrated to offer far superior performance to all competitive products on the market today.
Since the favorable final resolution of the litigation issue in late 2021, we have been working to re-launch and expand our manufacturing and nationwide marketing efforts. To this end, we have been adding new distributors who are beginning to bring us increasing orders for Insultex House Wrap® each month now. As customers learn of the superior performance of our product, they are ordering Insultex House Wrap®, and, at a time when energy prices are surging to all-time highs, insulation performance has never been more important. Although we do not announce each new customer and order we receive, the rising flow of orders will be reflected in our quarterly financial reports going forward.”
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Multi-Location Hamshaw Lumber Added as New England Retailer with Initial Insultex House Wrap® Order
On April 21st IVDN announced Hamshaw Lumber added to its retailer list with seven locations: Barre, MA, Amherst, MA, Brattleboro, VT, South Deerfield, MA, Greenfield, MA, Keene, NH, and Orange, MA. Hamshaw Lumber website: https://hamshawlumber.com/.
Hamshaw Lumber buyer Chris Calcari, commented, “A contractor and homeowner inquired about the Insultex House Wrap®, with an R-Value of 6, at Hamshaw Lumber. After doing research, I was impressed with the energy efficiency it offers along with its environmental impact. Our first purchase order is in route to our Orange, Massachusetts store.”
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IVDN Interview with Bloomberg U.S. on RedChip Money Report
To view the interview segment at any time visit: https://youtu.be/jTF2_GrnH3c
Home Building Applications:
According to Grand View Research, the global insulation market size was estimated at USD $52.18 billion in 2018 and is expected to expand at a CAGR of 5.7% going forward. Increasing consumer awareness regarding energy conservation is estimated to propel growth.
Contractors & builders who use IVDN Insultex House Wrap® have the ability to not only add a water vapor, air and wind barrier, but add an additional R-6 insulation to a structure. Builders who have 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 on 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 purely for informational purposes and is not a recommendation in any way for buying or selling stocks.
Media Contact
Company Name: INNOVATIVE DESIGNS, INC.
Contact Person: Joseph Riccelli, CEO
Email: Send Email
Phone: 813.517.8484
Address:124 Cherry St
City: Pittsburgh
State: PA 15223
Country: United States
Website: www.idigear.com
