Basanite Announces New Chief Technology Officer

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, announced that it has retained construction engineering expert Fred Tingberg Jr. as Chief Technology Officer.

Leveraging over 25 years of experience in the construction industry, Mr. Tingberg will take a leading role in advancing the Company’s product development, sales, facility and product certification programs, as well as ensuring the Company’s adherence to various government building codes and construction regulations.

Mr. Tingberg joined Basanite in December 2021 as a member of the Company’s Board of Directors and soon thereafter began taking an active role in assisting Basanite.  To date, his efforts have facilitated Basanite’s securing of contracts and specifications such as Bahamian government approval of the Company’s basalt fiber-reinforced polymer in structural and seawall applications, and Broward County’s Utility Technical Review Committee approval for the use of Basanite products in local infrastructure reinforcement projects. Mr. Tingberg will also continue in his role as board member.

“From every aspect of our basalt manufacturing process, to advancements in construction and concrete composition, technology is a huge component of our business,” Basanite President and CEO Simon Kay said. “Fred’s high-level understanding of just how much manufacturing and engineering have changed in recent years makes him a trusted asset in consulting with our clients on how to best get their own jobs done. We are very grateful for his efforts to date and are excited to see him in action in this new role.”

Mr. Tingberg, a materials engineer, has over 25 years of experience leading construction operations, capital planning, development and engineering management. A published technical author, he has developed and patented multiple construction-related products.

He also holds construction-related licenses in Florida, Arizona, Georgia, Louisiana, and South Carolina, and is a member of the North American Society for Trenchless Technology, American Water Works Association, American Public Works Association, Underground Construction Technology International and the National Association of Sewer Service Companies.

Mr. Tingberg earned his Bachelor of Science degree in materials engineering from Rensselaer Polytechnic Institute.

Mr. Tingberg will provide services to Basanite in a consulting capacity. Additional details regarding this arrangement will be made available in a Form 8-K to be filed by the Company with the U.S. Securities and Exchange Commission.

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.

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