Welcome to our dedicated page for C-Bond Systems news (Ticker: CBNT), a resource for investors and traders seeking the latest updates and insights on C-Bond Systems stock.
C-Bond Systems, Inc. (OTC: CBNT) is frequently featured in news coverage as a developer and marketer of glass strengthening solutions for enhanced safety, as well as a marketer of patented C-Bond technology for architectural glass applications. News about the company often highlights contracts, installations, and product developments associated with its Patriot Glass Solutions subsidiary and related activities.
Recent announcements have described Patriot Glass Solutions being awarded projects at universities, movie theater and entertainment company offices, theme parks, religious facilities, and private residences of high-profile individuals. These news items detail installations of C-Bond BRS ballistic-resistant systems, C-Bond Secure forced-entry resistant systems, solar film, and other protective films designed to improve safety and security.
Company news has also covered joint development efforts between Patriot Glass Solutions and Fox2Sierra, LLC to create a portable, transparent, bullet-resistant shield intended for use during public speaking events by politicians, school officials, and business executives. Additional coverage has focused on demand from synagogues and other religious facilities, reflecting interest in ballistic-resistant and forced-entry resistant solutions in response to social unrest and security threats.
Financial updates, such as quarterly revenue highlights and discussions of revenue growth at Patriot Glass Solutions, are another recurring theme in C-Bond Systems’ news. The company has also reported on a debt forgiveness, equity redemption, and strict foreclosure transaction with secured creditors, and the launch of a podcast series that discusses its history, technology, and market opportunities.
More recently, C-Bond Systems announced that it entered into a term sheet to acquire the assets of Gummy USA, SureDose, and Creative Manufacturing, which are associated with patent-pending technology for more precise dosing in nutraceutical and pharmaceutical gummies. Together, these news items provide insight into C-Bond Systems’ glass strengthening activities, security-focused projects, corporate transactions, and exploration of new business opportunities.
C-Bond Systems (OTC PINK:CBNT) has signed a term sheet to acquire Gummy USA, SureDose, and Creative Manufacturing, companies operating in the $25 billion nutraceutical gummy industry. The acquisition targets possess patent-pending technology for precise dosing in nutraceutical and pharmaceutical gummies through their proprietary SureDose process.
The SureDose technology achieves dosing accuracy within 3% (sometimes under 1%), significantly outperforming current FDA standards that require 10% variance for nutraceuticals and 5% for pharmaceuticals. Don Swanson, owner of the acquired companies, will become Chairman and CTO of the combined entity, while Scott R. Silverman will continue as CEO.
Gummy USA currently serves several significant customers with active purchase orders, with additional agreements in development. The non-binding term sheet is expected to close within 60 days due to anticipated growth and demand.
C-Bond Systems (OTC PINK:CBNT) has completed a significant financial restructuring transaction valued at over $3 million. The deal includes the forgiveness of more than $2 million in senior debt and the redemption of approximately $1 million in equity, including Series C Preferred shares, common shares, and warrants.
As part of the agreement, C-Bond agreed to a foreclosure on its 80% ownership stake in Patriot Glass Solutions (PGS) subsidiary, along with related patents and other assets. Despite this, the company will maintain its role as a sales representative for PGS products and continue involvement in C-Bond product manufacturing. The company is actively pursuing new business opportunities to ensure continued growth.
C-Bond Systems' subsidiary Patriot Glass Solutions has been awarded a $400,000 installation contract at a Texas university. The project involves installing a combination of C-Bond's Ballistic-Resistant System (BRS), C-Bond Secure forced entry-resistant film, and solar film on multiple floors of the university building.
C-Bond BRS is certified to pass various ballistic-resistant protection standards, including NIJ Level I, II, IIA, III, and UL 752. The company's patented nanotechnology strengthens glass by repairing microscopic surface defects and providing superior bonding between window film and glass.
Scott R. Silverman, Chairman and CEO of C-Bond, expressed satisfaction with the contract award, noting that sales cycles for large installations can be lengthy. The installation is expected to begin later this year.
C-Bond Systems' Patriot Glass Solutions subsidiary has been awarded Phase II of a $163,000 job to install C-Bond Secure and solar film for a large movie theater and entertainment company in San Antonio, Texas. This project involves installing glass strengthening solutions at the company's corporate offices. C-Bond's products, including C-Bond Secure and C-Bond BRS, use patented nanotechnology to strengthen glass by repairing microscopic defects and providing superior bonding with window film. Patriot Glass Solutions has already installed its technologies in over 200 schools, government buildings, and media sites across the country. The company aims to expand its customer base both in Texas and other parts of the United States.
C-Bond Systems' subsidiary, Patriot Glass Solutions, has been selected by SeaWorld to install protective film on sea life tanks at their theme park. This marks the second project awarded to Patriot Glass Solutions at the SeaWorld facility. C-Bond's glass strengthening solutions, marketed through Patriot Glass Solutions, include C-Bond Secure for deterring forced entry and C-Bond BRS, a ballistic-resistant film system. The company's patented technologies have been installed in over 200 schools, government buildings, media sites, and other facilities across the country. Scott R. Silverman, Chairman and CEO of C-Bond, expressed pride in being chosen by a renowned customer and highlighted the significance of repeat business.
Patriot Glass Solutions, a subsidiary of C-Bond Systems (OTC: CBNT), is accelerating the development of its Patriot Glass ASESS Shield for public speaking events. This project, co-developed with Fox2Sierra, combines Fox2Sierra's Active Shooter Evacuation/Escape Security Shield (ASESS) with C-Bond's Ballistic-Resistant System (C-Bond BRS) to protect high-profile speakers like presidential candidates, politicians, and business executives.
The shield aims to provide ballistic protection from all angles while maintaining clear vision and audio capabilities. It's designed to be mobile and easily maneuverable during entry and exit. C-Bond's CEO, Scott R. Silverman, emphasized that their patented glass strengthening technology is already installed in over 200 U.S. locations, mostly schools, making them an optimal choice for this product. The companies plan to deliver a functioning prototype next month.
C-Bond Systems (OTC: CBNT) reported strong financial results for Q2 2024, with revenue more than doubling compared to Q2 2023. Key highlights include:
- Q2 2024 sales: $863,533, up 108.6% from Q2 2023
- H1 2024 sales: $1,800,337, up 93.7% from H1 2023
- Q2 2024 gross profit: $438,574 (50.8% of sales), up 114% from Q2 2023
- H1 2024 gross profit: $913,449 (50.7% of sales), up 92.4% from H1 2023
The company's Patriot Glass Solutions subsidiary, offering glass strengthening protective solutions, has contributed to this growth. CEO Scott R. Silverman expressed confidence in surpassing last year's revenue and delivering a record year based on current momentum and solid backlog.
C-Bond Systems (OTC: CBNT) reports increased demand for high-profile individual protection through its Patriot Glass Solutions subsidiary. The company has completed a security film installation at a Fortune 50 CEO's residence and is co-developing a portable, transparent bullet-resistant shield with Fox2Sierra for public speakers and politicians. This collaboration combines Fox2Sierra's Active Shooter Evacuation/Escape Security Shield (ASESS) with C-Bond's Ballistic-Resistant System (C-Bond BRS) to create a protective device against active shooters. The shield aims to provide ballistic protection from all angles while maintaining clear vision and audio capabilities. The increased demand follows recent security concerns, including an assassination attempt on former President Donald Trump.
C-Bond Systems (OTC: CBNT), a developer of glass strengthening solutions, has announced the launch of a weekly podcast series. Hosted by CEO Scott R. Silverman and Nicholas Coriano from Cervitude, the series aims to inform customers, investors, and the public about bullet-resistant and security window film applications. The podcast will cover the company's history, executive team, patented technology, and novel application ideas.
The series will be published on Sundays on C-Bond Systems and Patriot Glass Solutions YouTube channels, as well as shared on social media platforms and websites. Special guests will include Allison Tomek, President of C-Bond Systems, and Michael Wanke, President of Patriot Glass Solutions. The podcast will highlight C-Bond's products, including C-Bond Secure and C-Bond BRS, and explore strategic initiatives driving the company's growth.
C-Bond Systems, through its subsidiary Patriot Glass Solutions, is experiencing increased demand for its C-Bond BRS (ballistic-resistant system) from synagogues and other religious facilities amid social unrest and threats related to the Israel-Hamas war. A new purchase order for C-Bond BRS was received from a synagogue in Florida, with several other bids in process across the U.S. The C-Bond BRS system, which includes patented glass strengthening technology and multiple layers of security film, meets various ballistic-resistant protection standards and is more affordable than traditional bullet-resistant materials. Additionally, Patriot Glass Solutions offers C-Bond Secure, a forced-entry resistant security film system. The company emphasizes the importance of protecting buildings used for learning and worship in today's conflict-prone environment.