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. Bush, who grew up in Houston, was the second son of former President George H. W. Bush ...

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 Any vehicle used in or on water as well as underwater, including boats, ships, hovercraft and submarines, is a watercraft, also known as a water vessel or waterborne vessel. A watercraft usually has a propulsive capability (whether by sail, ...

and aircraft, such as the

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

and

Airbus A350 The Airbus A350 is a long-range, wide-body twin-engine jet airliner developed and produced by Airbus. The first A350 design proposed by Airbus in 2004, in response to the Boeing 787 Dreamliner, would have been a development of the A330 ...

. 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 Romero Britto (born October 6, 1963) is a Brazilian artist, painter, serigrapher, and sculptor. He combines elements of cubism, pop art, and graffiti painting in his work, using vibrant colors and bold patterns as a visual expression of hope, ...

, a $15M USD Factory in

Tanzania Tanzania (; ), officially the United Republic of Tanzania ( sw, Jamhuri ya Muungano wa Tanzania), is a country in East Africa within the African Great Lakes region. It borders Uganda to the north; Kenya to the northeast; Comoro Islands ...

, 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

Official Website
{{Webarchive, url=https://web.archive.org/web/20100115130637/http://innovida.com/ , date=2010-01-15 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