Basanite Inc. develops and manufactures basalt fiber composite products for the construction industry through its wholly owned subsidiary, Basanite Industries, LLC. Recurring company updates center on BasaFlex™ basalt fiber reinforced polymer rebar, BasaLinks™ prefabricated reinforcement components, and BasaMix™ chopped basalt fibers for concrete reinforcement and related construction uses.
News about BASA also covers product approvals and certifications, including Florida Department of Transportation approval, ICC-ES evaluation for BasaFlex, and a U.S. patent covering BasaFlex and its manufacturing method. Corporate updates include distributor relationships, manufacturing and office relocation activity, and board or executive changes.
Basanite Industries (OTCQB:BASA) will present at the LD Micro Invitational XI on June 10 at 6:30 pm EDT. CEO Simon Kay is expected to discuss the company's innovative, environmentally friendly composite products.
The LD Micro Invitational runs from June 8-10, 2021, featuring around 180 companies. Basanite aims to highlight its strong ESG value and growth potential to investors.
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.