Basanite's BasaFlex(TM) and BasaMesh(TM) Reinforcement Products Approved to Replace Steel in Underground Concrete Structures for Broward County

City of Oakland Park To Mark First Installation in a Broward County Infrastructure Project

POMPANO, FL / ACCESSWIRE / March 22, 2022 / Basanite Inc. (OTCQB:BASA) ("Basanite" or the "Company"), a manufacturer of environmentally friendly, high-performance composite construction materials made from basalt fiber and basalt fiber reinforced polymer ("BFRP"), today announced that the Company's proprietary BasaFlex™ and BasaMesh™ reinforcement products have been approved to replace steel reinforcement in existing Broward County infrastructure projects. The first Broward County project to utilize BasaFlex™ and BasaMesh™ is a community development called "UAZ 123," located in the city of Oakland Park, Florida.

"Obtaining this approval is a significant milestone for our company," stated Basanite's Acting Interim CEO, Simon Kay. "Until recently, steel was the only reinforcement product approved for use in these types of structures. We are now demonstrating that Basanite's advanced basalt fiber composite products are being accepted into standard industry specifications in both private and public venues. Furthermore, the combination of the current supply chain crisis and the need to address the nation's eroding infrastructure are providing our company with significant opportunities to showcase our Made-in-America suite of technologically advanced, long-lasting, environmentally friendly, premium quality reinforcement products."

About BasaFlex™

BasaFlex™, a composite reinforcement bar or "rebar," is a state-of-the-art, 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 just 25 percent of steel, but has a 2.5 times greater tensile strength. 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 Inc. is confident BasaFlex™ will become the construction industry's number one choice for concrete reinforcement.