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.

History

* 25 April 2007, the Osorios were insolvent by this point as court papers would later reveal. * 16 November 2007,

Jeb Bush John Ellis "Jeb" Bush (born February 11, 1953) is an American politician and businessman who served as the 43rd governor of Florida from 1999 to 2007. A member of the Bush family, Bush political family, he was an unsuccessful candidate for pre ...

becomes a consultant for $15000 a month. Before signing up, Bush conducted a background check on Osorio which found "no red flags indicating criminal or financial wrongdoing."

About Company

Inepar Inepar SA Industria e Construcoes (INEP4:BZ) Industry: Machinery-Therml Process • BM&FBOVESPA • Currency: BRL 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 A watercraft or waterborne vessel is any vehicle designed for travel across or through water bodies, such as a boat, ship, hovercraft, submersible or submarine. Types Historically, watercraft have been divided into two main categories. *Raf ...

and aircraft, such as the

Boeing 787 The Boeing 787 Dreamliner is an American wide-body airliner developed and manufactured by Boeing Commercial Airplanes. After dropping its unconventional Sonic Cruiser project, Boeing announced the conventional 7E7 on January 29, 2003, wh ...

and

Airbus A350 The Airbus A350 is a flight length, long-range, wide-body twin-engine airliner developed and produced by Airbus. The initial A350 design proposed in 2004, in response to the Boeing 787 Dreamliner, would have been a development of the Airbu ...

. 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. InnoVida had operations in USA, Germany, the Middle East, Africa, Central and South America. 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, a $15M USD Factory in

Tanzania Tanzania, officially the United Republic of Tanzania, is a country in East Africa within the African Great Lakes region. It is bordered by Uganda to the northwest; Kenya to the northeast; the Indian Ocean to the east; Mozambique and Malawi to t ...

, a $28M USD project in Chengdu, China for post-disaster reconstruction and new village building.

Products

InnoVida's composite building materials (CSIPS), are similar to the materials used to make watercraft and aircraft, such as the

and

. CSIPs reduce building costs by almost half because cement, steel and wood would not be required.

References

External links

*{{usurped,
Official Website
} Building materials companies of the United States Accounting scandals Corporate crime Defunct manufacturing companies based in Florida Manufactured home manufacturers American companies established in 2005 American companies disestablished in 2011 2005 establishments in Florida 2011 disestablishments in Florida Companies that filed for Chapter 11 bankruptcy in 2011