BASANITE INDUSTRIES, LLC RECEIVES U.S. PATENT FOR ITS BASAFLEX™ BASALT FIBER COMPOSITE REBAR AND METHOD OF MANUFACTURING
BASANITE INDUSTRIES, LLC RECEIVES
U.S. PATENT FOR ITS BASAFLEX™ BASALT FIBER COMPOSITE REBAR AND
METHOD OF MANUFACTURING
POMPANO BEACH, FL
-- October 9, 2024 -- InvestorsHub NewsWire -- Basanite Industries,
LLC, (hereafter referred to as "Basanite"), a wholly owned
subsidiary of Basanite
Inc. (OCTQB:
BASA) today announced the successful granting of U.S. Patent
No. 12,024,885 B2 by the United States Patent and Trademark Office
(USPTO). The patent was issued providing protection for Basanite's
innovative and breakthrough basalt fiber composite rebar
BasaFlex™ and its
proprietary method of manufacturing.
In May 2021, Basanite announced that the Universite de
Sherbrooke in Quebec, Canada displayed through extensive testing,
"Best in Class Performance Results," for BasaFlex™
in accordance with CSA S807, FDOT 932-3 and ASTM D7957. The tests
were performed at the materials and structures laboratories at the
Department of Civil Engineering, under the supervision of Dr.
Brahim Benmokrane, NSERC Research Chair Professor in Innovative FRP
Reinforcement for Concrete Infrastructure. Ultimately, the test
results not only demonstrated that the specific tensile strength
of BasaFlex™ is significantly stronger
than steel; but also, the overall mechanical and performance
attributes of BasaFlex™ place it at the
top of the BFRP rebar field. The performance data from the
laboratory tests can be found on Basanite's website
at: www.basaniteindustries.com in the products
section, under BasaFlex™ BFRP Rebar
Performance Data.
Because of the
successful testing results, on September 13, 2021, Basanite filed
an application with the USPTO to establish and protect the
intellectual property associated with the Company's product and
manufacturing process. The patent was granted to the Company and
published on July 2, 2024. The patent is anticipated to expire on
September 13, 2041.
About Basanite
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.
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 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 risk
of the Company continuing as a going concern), please see the
Company's Annual Report on Form 10-K for the year
ended December 31, 2021, including but not limited to the
discussion under "Risk Factors" therein, which was filed with the
U.S. Securities and Exchange Commission on April 15, 2022, as
well as the Company's other filings with the Securities and
Exchange Commission, all of which may be viewed at http://www.sec.gov.
Basanite (QB) (USOTC:BASA)
過去 株価チャート
から 11 2024 まで 12 2024
Basanite (QB) (USOTC:BASA)
過去 株価チャート
から 12 2023 まで 12 2024
