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Contact: Barbara Carver
Fund and Nottingham Spirk Win International Design Award
FLAVOR TOPS, a breakthrough technology in caps that can turn a
bottle of water into almost any beverage.
Innovation Fund LLC ( www.innfund.com)
Chairman Donald Spector announced that the venture between his company
and Nottingham Spirk Design (www.ns-design.com) of Cleveland, Ohio,
won the design award for Best Closure at the 2006 Global Bottled Water
Congress in Italy earlier this week. The two companies, which have
worked together for over 25 years, have collectively introduced over
$30 billion dollars in innovative products to the marketplace.
Barbara Carver a partner in Innovation Fund accepted
the award on behalf of the companies.
“Flavor Tops is a WOW type product to both manufacturers
and consumers,” said Spector. “Everyone who sees it wants
it now; it will be the must have product next year,” said John
Nottingham, co-founder of Nottingham Spirk Design Associates.
It is the simple elegance of Flavor Tops that has
given it its instant appeal. The product was licensed last year to
an international supplier of flavors and fragrances who is working
with many major players in the worldwide beverage industry. Innovation
Fund has carved out certain markets that it will either license or
service. Even before Flavor Tops launch, the product has been named
‘Innovation of the Week’ by Fortune Magazine and has stirred
a lot of attention in the industry.
“The award for Best Closure of the Year, prior
to its introduction, is a prelude to what we all believe will be a
permanent multi-billion dollar industry” said Nottingham. “This
product can release powdered or liquid concentrates in a simple, non-messy,
on-the-go way,” Spector added. “These tops which retro
fit onto existing water bottles can be used for teas, juices, flavored
water, sports drinks, nutritional supplements, alcohol or even medicines.
The ability to mix ingredients at the time of use can create fresh
flavors not often experienced with bottled beverages; this is also
an advantage for medical applications.”
Spector, who is also Chairman of New York College
of Health Professions (www.nycollege.edu), believes that this will
have major implications for vitamin waters, botanicals and nutraceuticals
which are leading the upswing in bottled water and where efficacy
and stability will be enhanced by not pre-mixing these ingredients
in the water.
Many have indicated that in the future more wars will
be fought over water than oil. Bottled water is growing throughout
the world as supplies for clean water become ever scarcer. Flavor
Tops can change traditional bottled water into almost any beverage.
Barbara Carver said “the reaction at the 2006 Global Bottled
Water Congress attended by the giants in the industry like Nestle
Waters and Coca Cola as well as by individual specialty bottlers,
was one of shock and awe – of the good kind, I mean.”
Innovation Fund LLC owns proprietary technologies
from Computer and Satellite technologies to Consumer products and
Entertainment properties. It licenses to or joint ventures with Fortune
500 companies and is a worldwide leader in innovation.
INFORMATION, PLEASE CONTACT: BARBARA CARVER AT 516 921-3100 OR VIA
EMAIL AT firstname.lastname@example.org