Basanite Orders New Production Equipment to Meet Market Demand

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Sep 09, 2021

POMPANO BEACH, FL / ACCESSWIRE / September 9, 2021 / Basanite Industries, LLC ("Basanite" or the "Company") (OCTQB:BASA) announced it has ordered five of its new, proprietary, custom built BasaMax™ pultrusion machines in order to meet the rapidly growing demand for its products. Following the successful testing and integration of the prototype BasaMax™ system delivered in April, the Company utilized proceeds of its recent private placement to order these advanced systems. The new BasaMax™ composite manufacturing equipment is domestically built, using Basanite's own design and technology, and is fully automated, extremely durable, and designed for high reliability.