Paolo Tiramani, C.E.O. and Founder of 500 Group Inc., an intellectual property, investment and development company, is an American industrial designer and engineer.
Mr. Tiramani's work is diverse; he holds 155 patent filings, covering a diverse mix of inventions and intellectual property, including hardware, housewares, juvenile, sporting goods, medical, personal care, construction and automotive.
Corporations that license from 500 Group have had success, including Stanley Black & Decker. 500 Group identified a large untapped market, then developed and patented the required intellectual property, which resulted in the creation of the Rolling Workshop systems. This resulted in incremental business to Stanley Black & Decker of over $400M with sales still growing annually and creating a new market category valued in excess of $2B.
In September 2017, 500 Group announced the sale of its intellectual property to its former licensee Stanley Israel, a Stanley Black & Decker company, in an all-cash eight-figure deal.
The sale of a portion of 500 Group's intellectual property in 2008 allowed Mr. Tiramani to re-structure the company to focus on investment of assets and the development of new IP in two key technologies. Under Mr. Tiramani's continued stewardship the company is innovating in the large scale construction and automotive sectors.
Directly operated 500 Group projects include Boxabl, an innovation in building construction technology, showcased at the National Mall during the 2019 Innovative Housing Showcase hosted by Secretary Ben Carson, HUD, and NAHB; and Supercar System, an award-winning modular automotive system for the powersports market. Both projects will use proprietary 500 Group technology and are backed by a worldwide supply chain and team of industry experts.
In 2017, 500 Group operations were relocated to Las Vegas, Nevada.
In 2020, Boxabl showcased their new consumer product, the Boxabl Casita, at the NAHB International Builders Show with Builder Magazine. While at the show, Secretary Ben Carson interviewed Mr. Tiramani about the new product and the future of high-quality, affordable building construction, including disaster relief (FEMA) and accessory dwelling units (ADUs).
Awards and Recognition
American Dream Technology (now known as Boxabl) was showcased in Governor Rick Snyder's 2014/15 Michigan Prospectus and is featured as the Michigan SBDC Spotlight Project.
Supercar System won the prestigious 2013/14 A'Design Award in the Car and Land based vehicle category and has additionally been inducted into the Permanent Design Collection at the Henry Ford Museum in Michigan.
In 2015 Mr. Tiramani's team won a prestigious Red Dot Design award for their work on a compact forced induction system for General Motors LS engine product.
Mr. Tiramani is featured in Hardi Meybaum's book, The Art of Product Design. Mr. Meybaum is the founder of GrabCAD.
Personal life and education
Mr. Tiramani was voted by Japan's Attiva magazine as one of New York City's most interesting people. The former motorcycle racer appeared in Fortune magazine.
Born and formally schooled in London, England, Mr. Tiramani holds Degrees in Mechanical Engineering and Industrial Design and is an alumnus of Central Saint Martins College of Art and Design.
He now resides in the U.S. and is an American citizen.