Mr. GD11, just wondering what more IVDN needed to show to the Judge especially after the FTC had moths to prove the "R" factor is not true and did not?
Our independent experts documented that it works. Let us produce and sell it and get the stock where it should be. Again, if you are building a house, office building, hospital, govt. building, or anything, why wouldn't you want insulation protection many many times greater than the rest of the market? If you are buying clothes to keep you warm in the cold, why wouldn't you buy from the makers that are keeping you much warmer?
Innovative Designs Further Substantiates R-Value
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March 20, 2018 13:29 ET | Source: Innovative Designs Inc.
PITTSBURGH, PA, March 20, 2018 (GLOBE NEWSWIRE) -- Innovative Designs Inc. (OTCQB: IVDN) has submitted expert testimony further substantiating the claimed R-Value of its Insultex House Wrap®. The Company engaged two experts, one a PhD in Polymer Materials Science and the second a PhD in Mechanical Engineering, to evaluate the testing procedures conducted by accredited laboratories whose reports formed the basis of IDI’s claims. Both of these experts have submitted lengthy reports supporting IDI’s reliance upon the test results. In addition, the company procured the services of Materials Characterization Services, LLC to test Insultex®, the core insulating material in its House Wrap product. The results of this additional testing have proven that Insultex® does contain EVACUATED CLOSED CELLS, and that the vacuum within the cells is 100%. Due to the thinness of Insultex®, there has been speculation regarding the R-Value. These recent tests explain why Insultex® is such an excellent insulating material.
Innovative Designs CEO Joseph Riccelli stated, “These independent experts, with PhD’s in related fields, have corroborated what we have known all along. To this day, we have not received one consumer complaint about our Insultex House Wrap®. It’s undeniable that past attempts to undermine our products have been driven by competitors ignorant of the fact that Insultex® is an evacuated closed cell structure, and whose products simply cannot compete with ours.”
Innovative Designs also sought the disqualification of the FTC’s expert witness in the case. The Court noted in rendering its decision that the government’s expert: admitted to previously owning a laboratory that was utilized by IDI in its own product testing years before the FTC’s involvement; admitted that the testing was subject to a Confidentiality Agreement with IDI entered into as part of that engagement; admitted to having no system in place to conduct checks for conflicts of interest; and admitted to informing no one of its potential conflict at the time of its engagement by the FTC. While none of these facts were in dispute, the Court determined that they did not constitute a sufficient legal basis for disqualification, noting that “expert disqualification constitutes a drastic sanction which courts impose reluctantly.”
