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: CBNT) announced its Q3 2021 results, reporting record quarterly revenue of $674,000, a 167% increase from Q3 2020. Gross profit stood at $425,911, representing 63.3% of sales, down from 74.0% in the previous year. Operating expenses rose to $886,788, leading to a loss from operations of $460,877, though improved by $204,581 from last year. The Company continues to expand with the acquisition of A1 Glass Coating and the establishment of Patriot Glass Solutions, securing multiple purchase orders totaling over $1 million.
C-Bond Systems (OTC: CBNT) announced a $95,000 purchase order for bird strike film installation at a Texas community college. This safety film helps prevent bird injuries by making reflective windows visible. Installation is set to begin this month. Michael Wanke, President of Patriot Glass Solutions, highlighted the film's role in protecting hundreds of millions of birds annually. C-Bond offers various window films, including ballistic-resistant solutions, targeting personal, commercial, and government properties.
C-Bond Systems (OTC: CBNT) announced a new purchase order exceeding $46,000 for its ballistic-resistant film system, C-Bond BRS, from a school in central Texas. This successful project marks the sixth installation in the same district, highlighting customer satisfaction and confidence in C-Bond’s products and services. The C-Bond BRS offers NIJ Level I to Level II protection and is utilized in various schools and high-security facilities. The company holds 22 patents/patent-pending applications for its glass strengthening technology, enhancing window resilience against impacts.
C-Bond Systems (OTC: CBNT) has announced a live demonstration of its C-Bond BRS (ballistic-resistant system) in collaboration with Scottish Window Tinting on October 21, 2021, in Denver. During the event, glass treated with C-Bond BRS will be tested against 9 mm and AR-15 rifle shots without penetration. Successful results are expected to attract customers in both public and private sectors. C-Bond BRS is validated for NIJ Level I, IIA, II, and UL 752 ballistic protection and is implemented in various high-security facilities across the U.S.
C-Bond Systems (OTC: CBNT) has expanded its Patriot Glass Solutions division by adding three new distributors for its ballistic-resistant window film, certified to NIJ Level I, II, and IIA protection. The distributors, located in Colorado, California, Michigan, Texas, Utah, Kansas, and Missouri, aim to meet the rising demand for security solutions amid increased looting and violence. Patriot Glass Solutions provides protection against various threats, enhancing security for personal, commercial, and government properties.
C-Bond Systems (OTC: CBNT) has announced a $136,000 purchase order for its Patriot Glass Solutions division from a Texas hospital, bringing total orders to over $1.1 million since June 2021. The order involves installing custom printed film for privacy, including two exterior curtain walls and a skywalk, with work set to commence mid-September and extend over two years. The company's product lineup includes ballistic-resistant film and other specialized window films, providing safety solutions for various sectors.
C-Bond Systems (OTC: CBNT) has announced a revenue forecast exceeding $1 million for the second half of 2021, indicating over 80% growth year-over-year and over 340% increase compared to the first half of 2021. Growth is attributed primarily to the Patriot Glass Solutions division and sales from the Transportation Solutions Group, featuring products like C-Bond nanoShield and MB-10 disinfectant. However, the company acknowledges potential risks from COVID-19-related disruptions impacting its operations and revenue guidance.
C-Bond Systems (OTC: CBNT) announced receipt of two purchase orders worth approximately $100,000 for specialized safety and security films. These orders are directed towards a Texas community college and the regional headquarters of a major online video streaming service provider. This highlights the diversification of C-Bond's offerings through its Patriot Glass Solutions division, which focuses on protecting properties from various threats. The company aims to become a leading provider of safety films in the U.S. market.
C-Bond Systems (OTC: CBNT) has announced the acquisition of A1 Glass Coating, leading to the launch of Patriot Glass Solutions aimed at enhancing property security in the U.S. This division will provide advanced glass protection technologies, including ballistic-resistant films. Notably, C-Bond’s patented technology is already in use in over 80 high-security facilities. The company expects increased demand for its products due to rising concerns over property security.
An investor call is scheduled to discuss this strategic move at 2:00 PM EST today.
C-Bond Systems (OTC: CBNT) announced a purchase order worth $384,000 for reglazing buildings at a San Antonio tech campus using energy-efficient solar control film. This project aligns with historical standards, ensuring that the aesthetics of existing glass remains unchanged while providing 44% heat rejection. CEO Scott R. Silverman expressed pride in the project, highlighting the company’s strength in Texas and plans for broader expansion. An investor call is scheduled for August 3, 2021, to discuss this acquisition and the strategic direction of the Safety Solutions Group.