Product News: Architectural and Civil Engineering Products

Rock Rebar® Reinforces Concrete

Press Release Summary:

Jul 25, 2017 -

Basalt’s Rock Rebar® has been approved for use in the Halls River Bridge. Concrete reinforcements from Basalt are available in three forms: FRP’s (Fiber Reinforced Polymers), GFRP (Glass Fiber Reinforced Polymers), and BFRP (Basalt Fiber Reinforced Polymers). 

Original Press Release

Paymeon, Inc.’s Basalt America announces FRP's (Fiber Reinforced Polymers) referenced as a “megatrend” in concrete reinforcement at this week’s North American Pultrusion Conference in Atlanta

Press release date: Aug 16, 2017

FORT LAUDERDALE, Fla., April 07, 2017 (GLOBE NEWSWIRE) -- Paymeon, Inc.’s (OTC MARKETS:PAYM) wholly-owned subsidiary, Basalt America, is pleased to announce that while speaking at the North American Pultrusion Conference in Atlanta this week, Dr. Sanjay Mazumbe, chief executive officer of Lucintel, a global market research and management consulting firm, referenced FRP's (Fiber Reinforced polymers) as a megatrend in concrete reinforcement.

Basalt America's array of concrete reinforcements fall under three categories including GFRP (Glass Fiber Reinforced Polymers), BFRP (Basalt Fiber Reinforced Polymers), and FRP (Fiber Reinforced Polymers). Basalt America is proud to be at the forefront of this megatrend.

New Developments 

  •  The City of Miami’s Omni Park was opened this week. Portions of the park’s construction incorporate Basalt America’s RockMesh® and RockStaples™.
  • Basalt America received confirmation from Florida Department of Transportation (“FDOT”), that its Rock Rebar® product has been approved for use in the Halls River Bridge, a vehicular bridge near Tampa, Florida. The bridge is referenced in a video of the Innovation Bridge by the University of Miami (see video here: https://www.youtube.com/watch?v=xy3ISYNJfOI&t=70s)
  • Basalt America recently submitted a design incorporating its products for construction of the “Border Wall” between the United States and Mexico that we believe would generate substantial savings and benefits relative to cost estimates currently being discussed in the media.

Disclaimers

Forward-Looking Statements: Except for statements of historical fact, this news release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation expectations, beliefs, plans and objectives regarding the development, use and marketability of products and partnerships, as well as potential transactions the Company, including its subsidiaries, may be considering or may have closed. Such forward-looking statements are based on present circumstances and on PAYM's predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, and are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to successfully develop and market products, consumer and business consumption habits, the ability to fund operations, reliance on representations from third parties that may not execute as planned, development of new markets, and other factors over which PAYM has little or no control. Such forwardlooking statements are made only as of the date of this release, and PAYM assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements. Risks, uncertainties and other factors are discussed in documents filed from time to time by PAYM with the Securities and Exchange Commission. This press release does not and shall not constitute an offer to sell or the solicitation of any offer to buy any securities. For additional information and potential risk factors, readers should review PAYM’s filings with the Securities and Exchange Commission, which can be found at www.sec.gov.

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