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Basanite Industries, Inc. Appoints Michael D. Nelson as Chief Executive Officer

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Basanite Industries (OTCQB: BASA) has appointed Michael D. Nelson as its new Chief Executive Officer. Nelson, a retired Lt. Colonel in the US Army and 11-time combat-deployed Green Beret veteran, brings significant leadership experience from his roles as Chief Operating Officer at the Global Energy Security Institute and Director of Operations at the Institute for the Study of War.

Nelson holds a Bachelor's degree in History from Virginia Military Institute, a Master's in Defense Analysis from Naval Postgraduate School, and an MBA from the University of Virginia's Darden School of Business. The company, through its subsidiary Basanite Industries, , manufactures environmentally friendly basalt fiber composite products for the construction industry, offering non-corrosive, lighter, and stronger alternatives to traditional steel elements.

Basanite Industries (OTCQB: BASA) ha nominato Michael D. Nelson come nuovo Amministratore Delegato. Nelson, un colonnello in pensione dell'Esercito degli Stati Uniti e veterano dei Green Beret con 11 schieramenti in combattimento, porta un'importante esperienza di leadership dai suoi ruoli come Direttore Operativo presso il Global Energy Security Institute e Direttore delle Operazioni presso l'Institute for the Study of War.

Nelson ha conseguito una laurea in Storia presso il Virginia Military Institute, un Master in Analisi della Difesa presso la Naval Postgraduate School e un MBA presso la Darden School of Business dell'Università della Virginia. L'azienda, attraverso la sua controllata Basanite Industries, produce prodotti compositi in fibra di basalto ecologici per l'industria delle costruzioni, offrendo alternative non corrosive, più leggere e più forti rispetto agli elementi in acciaio tradizionali.

Basanite Industries (OTCQB: BASA) ha nombrado a Michael D. Nelson como su nuevo Director Ejecutivo. Nelson, un teniente coronel retirado del Ejército de los EE. UU. y veterano de 11 despliegues en combate como Green Beret, aporta una significativa experiencia en liderazgo de sus roles como Director de Operaciones en el Global Energy Security Institute y Director de Operaciones en el Institute for the Study of War.

Nelson tiene una licenciatura en Historia del Virginia Military Institute, una Maestría en Análisis de Defensa de la Naval Postgraduate School y un MBA de la Darden School of Business de la Universidad de Virginia. La empresa, a través de su filial Basanite Industries, fabrica productos compuestos de fibra de basalto ecológicos para la industria de la construcción, ofreciendo alternativas no corrosivas, más ligeras y más fuertes que los elementos de acero tradicionales.

바사나이트 산업 (OTCQB: BASA)는 마이클 D. 넬슨을 새로운 CEO로 임명했습니다. 넬슨은 은퇴한 미 육군 중령이자 11회의 전투 배치 경험이 있는 그린 베레트 베테랑으로, 글로벌 에너지 안보 연구소의 COO와 전쟁 연구소의 운영 이사로서의 역할을 통해 상당한 리더십 경험을 가지고 있습니다.

넬슨은 버지니아 군사학교에서 역사학 학사 학위를, 해군 대학원 학교에서 방어 분석 석사 학위를, 버지니아 대학교 다든 경영대학원에서 MBA를 취득했습니다. 이 회사는 자회사인 바사나이트 산업을 통해 건설 산업을 위한 친환경 바살트 섬유 복합 제품을 제조하며, 전통적인 강철 요소에 비해 부식이 없고 더 가벼우며 더 강한 대안을 제공합니다.

Basanite Industries (OTCQB: BASA) a nommé Michael D. Nelson comme nouveau Directeur Général. Nelson, un colonel à la retraite de l'Armée américaine et vétéran des Green Berets avec 11 déploiements en combat, apporte une expérience significative en leadership de ses rôles en tant que Directeur des opérations à l'Institut de sécurité énergétique mondiale et Directeur des opérations à l'Institut d'étude de la guerre.

Nelson est titulaire d'une licence en histoire du Virginia Military Institute, d'un master en analyse de défense de la Naval Postgraduate School et d'un MBA de la Darden School of Business de l'Université de Virginie. L'entreprise, à travers sa filiale Basanite Industries, fabrique des produits composites en fibre de basalte respectueux de l'environnement pour l'industrie de la construction, offrant des alternatives non corrosives, plus légères et plus résistantes que les éléments en acier traditionnels.

Basanite Industries (OTCQB: BASA) hat Michael D. Nelson zu seinem neuen Geschäftsführer ernannt. Nelson, ein pensionierter Oberstleutnant der US-Armee und Veteran der Green Berets mit 11 Kampfeinsätzen, bringt bedeutende Führungserfahrung aus seinen Rollen als Chief Operating Officer am Global Energy Security Institute und als Direktor für Operationen am Institute for the Study of War mit.

Nelson hat einen Bachelor-Abschluss in Geschichte vom Virginia Military Institute, einen Master-Abschluss in Verteidigungsanalyse von der Naval Postgraduate School und einen MBA von der Darden School of Business der Universität von Virginia. Das Unternehmen, über seine Tochtergesellschaft Basanite Industries, stellt umweltfreundliche Basaltfaserverbundprodukte für die Bauindustrie her und bietet nicht korrosive, leichtere und stärkere Alternativen zu traditionellen Stahlelementen an.

Positive
  • Appointment of experienced military and organizational leader as CEO
  • Strong educational background with MBA from prestigious institution
  • Company offers innovative, environmentally friendly construction products
Negative
  • Company's 10-K filing indicates going concern risks
  • Significant uncertainties and risks mentioned in forward-looking statements

POMPANO BEACH, Fla., March 21, 2025 /PRNewswire/ -- Basanite Industries, Inc. (OCTQB: BASA) today announced it appointed Michael D. Nelson as the Company's Chief Executive Officer.

Mr. Nelson is a retired Lt. Colonel in the US Army and a 11-time combat-deployed Green Beret veteran of the Iraq and Afghanistan theaters. Mr. Nelson has recently served as the Chief Operating Officer for the Global Energy Security Institute as well as a member of the counter-terrorism project for the Atlantic Council. Prior to that, Mr. Nelson was the Director of Operations for the Institute for the Study of War.

"I am thrilled to join Basanite, inc. This is a great opportunity with a truly revolutionary set of products which I believe will transform construction and concrete reinforcement," stated Michael D. Nelson. "This is an exciting time, and we are ready to seize the opportunities ahead."

Mr. Nelson holds a Bachelor of Arts degree in History from Virginia Military Institute, a Master's degree in Defense Analysis from the Naval Postgraduate School, and a Master's in Business Administration from the Darden School of Business at the University of Virginia.

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.

Cautionary Note Regarding Forward-Looking Statements
This release, the symposium referred to herein, and statements by the Company's management in connection therewith contains or may contain "forward-looking statements," which are based on Company management's current expectations and assumptions as of the date of this press release.  Such statements include those regarding the Company's business and performance, its prospects, its products and the market for such products, the economy, and other future conditions and forecasts of future events, circumstances, and results, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  Words such as "believe," "goal," "feel," "may," "plan," "will," "expect," "anticipate," "estimate," "intend," "potential" and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. Forward-looking statements in this press release involve substantial risks and uncertainties that could cause actual future results, performance or achievements to differ significantly from those expressed or implied by the forward-looking statements.  All forward-looking statements in this press release and made in connection with the symposium referred to herein reflect Basanite's current analysis of existing trends and information and represent Basanite's judgment only as of the date of this press release.  Actual results may differ materially from current expectations based on a number of factors, many of which are beyond the Company's control.  For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of the Company (including the risk of the Company continuing as a going concern), please see the Company's Annual Report on Form 10-K for the year ended December 31, 2021, including but not limited to the discussion under "Risk Factors" therein, which was filed with the U.S. Securities and Exchange Commission on April 15, 2022, as well as the Company's other filings with the Securities and Exchange Commission, all of which may be viewed at http://www.sec.gov.

Contact Details: 954-532-4653, info@basaniteindustries.com 

Cision View original content:https://www.prnewswire.com/news-releases/basanite-industries-inc-appoints-michael-d-nelson-as-chief-executive-officer-302408109.html

SOURCE Basanite Industries, Inc.

FAQ

What is Michael D. Nelson's background before joining Basanite (BASA) as CEO?

Nelson is a retired US Army Lt. Colonel, 11-time combat-deployed Green Beret veteran, former COO of Global Energy Security Institute, and former Director of Operations at the Institute for the Study of War.

What educational qualifications does BASA's new CEO Michael Nelson hold?

He holds a BA in History from Virginia Military Institute, Master's in Defense Analysis from Naval Postgraduate School, and MBA from University of Virginia's Darden School.

What products does Basanite Industries (BASA) manufacture?

BASA manufactures environmentally friendly basalt fiber composite products for construction, offering non-corrosive, lighter, and stronger alternatives to traditional steel elements.

When was Michael D. Nelson appointed as CEO of Basanite (BASA)?

Michael D. Nelson was appointed as CEO of Basanite Industries on March 21, 2025.
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