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Innovative Designs

Innovative Designs is based in Pittsburgh and was founded in 1990; the profile covers headquarters, registration, AUM band and key contacts for...

Overview

INNOVATIVE DESIGNS INC is a company based out of 124 Cherry Street, Pittsburgh, Pennsylvania, United States.

General information

Year founded

1990

Location

Region

North America

Country

United States

City

Pittsburgh

Corporate office

Pittsburgh, PA, United States

Principals

Joseph Riccelli

President and Chief Executive Officer

Sector focus

ClimateTechIndustrial TechEnergy Transition & Renewables

Frequently asked questions

What is Innovative Designs' core technology?

The firm manufactures products derived from its patented Insultex material — a closed-cell, cross-linked polyethylene foam extrusion. Insultex is marketed primarily as a house wrap for residential construction, a material for cold-weather apparel, and a liner for temperature-controlled shipping containers. The company asserts the material provides a claimed insulative R-value of approximately 6 per approximately 1.5-millimeter layer in its building-product configuration.

Who runs Innovative Designs?

Joseph Riccelli serves as President, Chief Executive Officer, and the principal executive officer per the firm's latest SEC filings. He founded the company in 1990 and remains the sole named executive responsible for all operational, manufacturing, and financial decisions. Filings indicate no separate chief investment officer or board-level strategic committee.

How does Innovative Designs commercialize its products?

Commercialization occurs through a multi-channel approach. The Insultex House Wrap product is available through Home Depot's online marketplace — a listing secured in 2022 — as well as through the firm's own website. Additional channels include direct sales to regional building-contractor supply houses and insulation wholesalers. The company also markets bulk rolls of the raw Insultex material to apparel manufacturers for use in cold-weather garments and ice-fishing suits.

What intellectual property does Innovative Designs hold?

The company's competitive position rests on a portfolio of U.S. and Canadian patents protecting the formulation and manufacturing process for its closed-cell, cross-linked polyethylene foam. Specific patents cover the extrusion method used to make Insultex, which allows the material to be produced in thin, flexible sheets with air pockets that the company claims provide insulative properties superior to comparably thick materials.

What retail distribution partnerships does Innovative Designs maintain?

The most prominent disclosed retail channel is Home Depot, which carries the Insultex House Wrap on its e-commerce platform as of 2022. Beyond that, the company works with regional and local independent building-material distributors across the U.S. and Canada. No large-scale national brick-and-mortar exclusive contracts or additional big-box retail partnerships have been disclosed in recent filings.

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