Welcome to our dedicated page for Basanite news (Ticker: BASA), a resource for investors and traders seeking the latest updates and insights on Basanite stock.
Basanite, Inc. (OTCQB: BASA) is a manufacturer and developer of environmentally friendly, high‑performance basalt fiber composite products for the construction industry, with a focus on concrete reinforcement. Through its subsidiary Basanite Industries, LLC, the company highlights product families such as BasaFlex™ basalt fiber composite rebar, BasaMesh™ basalt geogrid mesh, and BasaMix™ chopped basalt fibers, which it presents as non‑corrosive, lightweight alternatives to traditional steel reinforcement.
The BASA news feed features company announcements about product certifications, regulatory approvals, operational changes, and corporate developments. Examples include the ICC‑ES Evaluation Report for BasaFlex™ confirming compliance with International Building Code and International Residential Code requirements, Florida Department of Transportation approval for a range of BasaFlex™ products, and Government of the Bahamas approval for BFRP rebar, including BasaFlex™, to replace steel in concrete reinforcement.
Investors and industry participants can also follow updates on Basanite’s distribution relationships, such as agreements with regional stocking distributors in the Midwest and the Bahamas, as well as news on planned production and distribution facilities and relocations of offices and equipment. Corporate updates cover changes in executive leadership, board composition, and SEC reporting matters, including notifications of late filings when the company cites limited accounting and finance resources.
This BASA news page aggregates these disclosures in one place, allowing readers to review Basanite’s product‑related milestones, geographic expansion efforts through distributors, and ongoing corporate and regulatory developments as reported in press releases and SEC filings.
Basanite Industries (OTCQB:BASA), a leader in eco-friendly composite products for construction, has announced the retention of Integrous Communications as its investor relations advisor. This partnership aims to enhance Basanite's financial communications and strategically connect with a broader investor audience. CEO Simon Kay noted the anticipated growth and the importance of effective communication in reaching investors. Integrous will assist in promoting Basanite's sustainable, high-performance products, which align with current ESG trends in investor interests.
Basanite Industries has successfully completed independent laboratory performance testing of its BasaFlex™ product line at the University of Sherbrooke, Canada. The testing analyzed the mechanical properties of BasaFlex™, a basalt fiber reinforced polymer (BFRP) composite rebar, proving its tensile strength significantly surpasses that of steel. BasaFlex™ offers a sustainable solution to corrosion issues in concrete reinforcement, promising cost and time savings over the product's lifecycle. Basanite aims to lead the engineered composite products market for concrete reinforcement.
Basanite, a subsidiary of Basanite Industries, has received Patent Pending status from the U.S. Patent Office for its BasaFlex™ composite rebar products. This innovative rebar alternative to steel enhances concrete strength and longevity by preventing corrosion, offering a design life of 100 years. BasaFlex™ is lightweight, strong, non-conductive, and easy to handle. As the U.S. invests in infrastructure repairs, Basanite aims to lead the market by expanding production capacity due to increased demand and major upcoming orders.