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) is advocating for its ballistic-resistant window film system, C-Bond BRS, following the tragic school shooting in Uvalde, TX. The film system provides NIJ Level I to II and UL 752 ballistic protection, with over 100 installations in Texas schools. C-Bond technology strengthens glass to improve safety against active shooters, which are increasing in frequency, with incidents rising over 50% from 2020. CEO Scott Silverman emphasizes the urgent need for enhanced security measures in schools.
C-Bond Systems (OTC: CBNT) reported record revenues for Q1 2022, exceeding $510,000, marking a 228% increase year-over-year. Operating expenses significantly decreased to $1,934,843, down 61.1% from the previous year. Despite a net loss of $1,919,419, C-Bond noted growth in its Patriot Glass Solutions division, adding six dealers and securing multiple purchase orders. The company launched a new nanoShield warranty program and strengthened its dealer network, enhancing its market presence.
C-Bond Systems (OTC: CBNT) plans live demonstrations of its technology to prevent break-ins and vandalism. CEO Scott R. Silverman discussed the expansion of Patriot Glass Solutions, which has added six new dealers, aiming for a total of 40-50 across the U.S. The company's products include C-Bond Secure, a glass-strengthening primer, and C-Bond BRS, a ballistic-resistant film system that meets industry safety standards. The emphasis is on protecting personal and business properties against increasing crime rates.
C-Bond Systems (OTC: CBNT) announced the addition of six new dealers to its Patriot Glass Solutions division, increasing the total number of dealers to 10. These dealers span multiple states, including Georgia, Connecticut, Texas, Arizona, and Hawaii. The company aims to enhance market education regarding its glass strengthening technologies, designed to protect properties from break-ins and violence. Key products include C-Bond Secure, a glass-strengthening primer, and C-Bond BRS, a ballistic-resistant film system.
C-Bond Systems (OTC: CBNT) has launched a new warranty program for its C-Bond nanoShield windshield protection product. The warranty covers damages caused by rocks or debris for one year or up to 50,000 miles, offering repairs up to $100 or replacements up to $500. The program aims to enhance consumer confidence and increase product adoption. This marks a significant development for the company's nanotechnology solutions, providing a unique offering in the automotive sector.
C-Bond Systems (OTC: CBNT) reported record revenue exceeding $1.47 million for the year ending December 31, 2021. CEO Scott R. Silverman discussed the company's financial results and provided insights on the Patriot Glass Solutions and Transportation Solutions Group for 2022 during a video interview with Proactive Investors. Key products include C-Bond Secure and C-Bond BRS for glass protection, as well as C-Bond nanoShield™ for automotive applications. The company emphasizes its commitment to innovation in nanotechnology solutions.
C-Bond Systems (OTC: CBNT) reported significant financial growth for the year ending December 31, 2021, with revenues exceeding $1.47 million, marking a 165.7% increase from the previous year. Despite this growth, operating expenses rose to $7.83 million, primarily due to stock-based compensation, leading to a net loss of $7.13 million. The company acquired 80% of A1 Glass Coating and launched Patriot Glass Solutions, expanding its service offerings. C-Bond also received multiple purchase orders totaling over $840,000 and strengthened its IP portfolio with new patents.
C-Bond Systems (OTC: CBNT) announced a new purchase order for its Patriot Glass Solutions division to install C-Bond Secure protective film at two schools in Austin, Texas, starting mid-year. This marks the company's first installations in this district, increasing the total number of schools in the area utilizing C-Bond products to 11. C-Bond Secure is a glass strengthening solution developed to enhance security against forced entry and other threats, demonstrating the company's commitment to protecting educational environments.
C-Bond Systems (OTC: CBNT) announced a new collaboration with Certified Global Solutions for the launch of its glass protection product, C-Bond nanoShield, under the private label “Gorilla Bond” in Taiwan. This partnership aims to enhance windshield safety in the automotive and trucking sectors as well as for Taipei’s police and public transport. CGS has placed its first order and plans to roll out further products, including C-Bond Secure and C-Bond BRS. The nanotechnology used in nanoShield improves glass strength and visibility, providing a competitive edge in the market.
C-Bond Systems, Inc. (OTC: CBNT) announced a $63,000 purchase order from a major online retailer for its C-Bond Secure product, aimed at enhancing security at a fulfillment center. Installation is set to begin in early April. C-Bond Secure is a liquid glass strengthening solution that works with window films to deter forced entry and improve glass strength. This order reflects the growing demand for security solutions in commercial settings. The company emphasizes the effectiveness of its products in safeguarding properties against various threats.