BASANITE, INC.

Basanite, Inc. manufactures sustainable composite reinforcement materials used by the construction sector as alternatives to conventional steel. Through its subsidiary, Basanite Industries, LLC, the company produces basalt fiber reinforced polymer products designed to prevent corrosion and structural spalling in concrete. Its core offerings include BasaFlex, a lightweight and rustproof rebar alternative to steel reinforcing bar, alongside BasaMix chopped basalt fibers for crack resistance and BasaMesh basalt geogrid mesh rolls to replace welded wire mesh. These materials target infrastructure, architectural, and precast applications, serving contractors, engineering professionals, and building product distributors.

The company operates primarily in the United States and has explored international commercial testing programs. It distributes building materials domestically and abroad through strategic partners such as U.S. Supplies, Inc., and supplies custom precast manufacturers including Concrete Products of the Palm Beaches, Inc. Basanite previously conducted manufacturing in Pompano Beach, Florida, and is transitioning its operational facilities to Ohio. Its principal executive office is located in Pompano Beach, Florida.

Summary of the business section of Basanite's latest annual report, written by StockData.

“We retained a total of 2 employees during the period ending December 31, 2024, and 2023, respectively.”