"This approval comes after years of research and development, followed by nine months of rigorous testing by the
Earlier this month, ASTM published D8448-22, a new international standard specification which covers the requirements for Basalt fiber used in manufacturing BFRP composite products. Basanite's engineering and certification team members were instrumental in the successful publication of this new standard. "This is a major milestone which marks significant progress by Basanite towards achieving worldwide acceptance of its products" remarked
About ICC-ES: With over 90 years of experience and thousands of reports, ICC Evaluation Service (ICC-ES) is the industry leader in performing technical evaluations of building products, materials and systems for code compliance. Due to its diligence and unparalleled engineering experience, ICC-ES is the most widely accepted evaluation agency in the nation.
Agencies use evaluation reports to help determine code compliance and enforce building regulations; manufacturers use reports as evidence that their products (and this is especially important if the products are new and innovative) meet code requirements and warrant regulatory approval.
ICC-ES evaluation reports are public documents, available free of charge online, not only to building regulators and manufacturers, but also to contractors, specifiers, architects, engineers, and anyone else with an interest in the building industry.
ICC-ES also has growing programs for evaluation of plumbing, mechanical, and fuel gas products, and of green building products. ICC-ES is a nonprofit, limited liability company.
About
About BasaFlex™: BasaFlex™, a composite reinforcement bar or "rebar," is a state-of-the-art, green, 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 25 percent of steel, but is 2.5 times stronger. It is also transparent to magnetic fields, radar frequencies and other electro-magnetic 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 believes BasaFlex™ will become the construction industry's preferred choice for concrete reinforcement.
About Basanite
Cautionary Note Regarding Forward-Looking Statements
This release, the symposium referred to herein, and statements by the Company's management in connection therewith contains or may contain "forward-looking statements," which are based on Company management's current expectations and assumptions as of the date of this press release. Such statements include those regarding the Company's business and performance, its prospects, its products and the market for such products, the economy, and other future conditions and forecasts of future events, circumstances, and results, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as "believe," "goal," "feel," "may," "plan," "will," "expect," "anticipate," "estimate," "intend," "potential" and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. Forward-looking statements in this press release involve substantial risks and uncertainties that could cause actual future results, performance or achievements to differ significantly from those expressed or implied by the forward-looking statements. All forward-looking statements in this press release and made in connection with the symposium referred to herein reflect Basanite's current analysis of existing trends and information and represent Basanite's judgment only as of the date of this press release. Actual results (including, without limitation, the anticipated benefits of the new distributor agreement described herein) may differ materially from current expectations based on a number of factors, many of which are beyond the Company's control. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of the Company (including the risks associated with the Company's manufacturing capability and of the Company continuing as a going concern), please see the Company's Annual Report on Form 10-K for the year ended
Basanite contact:
sk@basaniteindustries.com
ICC-ES contact:
ICC-ES Connect + Customer Care experts are available if you have any questions by calling 800-423-6587 or emailing es@icc-es.org.
ASTM contact:
Tel: +1.610.832.9500
Fax: +1.610.832.9555
service@astm.org
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