City of Oakland Park To Mark First Installation in a Broward County Infrastructure Project
Basanite Inc. (OTCQB: BASA) (“Basanite” or the “Company”), a manufacturer of environmentally friendly, high-performance composite construction materials made from basalt fiber and basalt fiber reinforced polymer (“BFRP”), today announced that the Company’s proprietary BasaFlex™ and BasaMesh™ reinforcement products have been approved to replace steel reinforcement in existing Broward County infrastructure projects. The first Broward County project to utilize BasaFlex™ and BasaMesh™ is a community development called “UAZ 123,” located in the city of Oakland Park, Florida.
“Obtaining this approval is a significant milestone for our company,” stated Basanite’s Acting Interim CEO, Simon Kay. “Until recently, steel was the only reinforcement product approved for use in these types of structures. We are now demonstrating that Basanite’s advanced basalt fiber composite products are being accepted into standard industry specifications in both private and public venues. Furthermore, the combination of the current supply chain crisis and the need to address the nation’s eroding infrastructure are providing our company with significant opportunities to showcase our Made-in-America suite of technologically advanced, long-lasting, environmentally friendly, premium quality reinforcement products.”
BasaFlex™, a composite reinforcement bar or “rebar,” is a state-of-the-art, sustainable alternative to steel in concrete reinforcement. BasaFlex™ is engineered to add intrinsic value in a concrete structure by eliminating corrosion problems associated with typical steel reinforcement, saving both time and money over the lifecycle of a concrete structure. BasaFlex™ has a 100-year design life, is non-corrosive, weighs just 25 percent of steel, but has a 2.5 times greater tensile strength. It is also transparent to magnetic fields, radar frequencies and other electromagnetic radiated energy and both electrically and thermally non-conductive. It is easy to use and much safer to handle on the job site. Because of its core advantages and competitive price point, Basanite Inc. is confident BasaFlexTM will become the construction industry’s number one choice for concrete reinforcement.
BasaMesh™ , a line of composite geogrid mesh products made from Basalt fiber, is intended to replace Welded Wire Mesh (Steel) and other FRP grids and/or geo-grid mesh products. BasaMesh™ is supplied in rolls, and can easily be cut to size on site. It is designed and engineered specifically for secondary and temperature shrinkage reinforcement. BasaMesh™ is an excellent choice to work in conjunction with BasaFlex™ rebar and other Basanite products for a total reinforcement program.
Basanite, Inc. (OTCQB: BASA), through its wholly-owned subsidiary Basanite Industries, LLC, is a manufacturer and developer of a range of environmentally friendly, high-performance basalt fiber composite products used by the construction industry. Superior to traditional steel elements, Basanite’s sustainable products are non-corrosive, lighter, stronger, and longer-lasting. For more information, please visit www.BasaniteIndustries.com.