Basanite Inc. Announces Resignation of Isabella Barberaas as Chief Financial Officer
July 10, 2020 at 04:17 pm EDT
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On July 6, 2020, Isabella Barbera submitted written notice to the Board of Directors of Basanite Inc. of her resignation as the Chief Financial Officer of the Company effective immediately. As indicated in the Written Correspondence, Ms. Barbera’s resignation is a result of the challenges presented to her family as a result of the Covid-19 pandemic. Subsequent to Ms. Barbera’s resignation, Ms. Barbera will be retained as a consultant to the Company on an as needed basis to assist the Company in preparing its financial statements. The Company intends to conduct a formal search for a replacement Principal Accounting Officer and Chief Financial Officer.
Basanite, Inc., through its wholly owned subsidiary, Basanite Industries, LLC, manufactures a range of green, sustainable, non-corrosive, lightweight, composite products that are used in concrete reinforcement by the construction industry. The Companyâs core product includes BasaFlex, a basalt fiber-reinforced polymer (BFRP) reinforcing bar known as rebar. Its BasaMix products are fine denier basalt fibers available in various chopped sizes. BasaMix is designed to help absorb the stresses associated with early-aged plastic shrinkage and settlement cracking in concrete. BasaMix also serves as a system approach for optimum performance of a concrete element when used in conjunction with its BasaFlex rebar. Its BasaMesh is a line of Basalt Geogrid Mesh Rolls. BasaMesh is designed for secondary and temperature shrinkage reinforcement. BasaMesh can also work in conjunction with the BasaFlex rebar or BasaMix for a total reinforcement program.
BASANITE, INC. 