Basanite Inc. (BASA)
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Basanite Inc. Profile
| Construction & Engineering Industry | Industrials Sector | Ronald J. LoRicco CEO | OTCQB Exchange | 06975Q100 CUSIP |
| US Country | 2 Employees | - Last Dividend | 17 May 2013 Last Split | - IPO Date |
Overview
Basanite, Inc., operating through its subsidiary Basanite Industries, LLC, is a pioneer in the manufacture and global sale of basalt fiber reinforced polymer (FRP) products tailored for the construction sector. Originating as PayMeOn, Inc., the company underwent a rebranding to Basanite, Inc. in December 2018, signaling a strategic pivot towards specializing in advanced construction materials. Established in 2006 and having its headquarters in Pompano Beach, Florida, Basanite has carved a niche for itself by leveraging the innate strengths of basalt fiber in construction applications. The firm markets its innovative product line through a network of third-party distribution partners, ensuring a widespread reach across the construction industry worldwide.
Products and Services
- BasaFlex: This product is a basalt FRP reinforcing bar designed to serve as a robust alternative to traditional steel reinforcement in concrete structures. BasaFlex offers enhanced durability, resistance to environmental degradation, and electromagnetic neutrality, making it an ideal choice for critical infrastructure projects.
- BasaMix: Comprising fine denier basalt fibers, BasaMix targets the enhancement of concrete mixes. This additive not only improves the performance characteristics of concrete, including its compressive and flexural strength but also contributes to the longevity and resilience of the final product.
- BasaMesh: Positioned as a direct replacement for welded wire mesh, BasaMesh is a line of basalt geogrid mesh rolls specifically engineered for concrete reinforcement applications. Its high tensile strength and corrosion resistance make it a favorable option for a wide array of construction projects, further promoting the use of sustainable and durable building materials.
Together, these products underscore Basanite, Inc.'s commitment to reinventing construction practices by introducing basalt FRP as a superior alternative to conventional materials. The company's focus on innovation, coupled with its strategic distribution partnerships, positions Basanite to address the evolving needs of the modern construction industry effectively.
