C-Bond Systems Delivers Orders of C-Bond nanoShield in Excess of $43,000 to its Southwest Distributor
C-Bond Systems (OTC: CBNT) announced orders exceeding $43,000 for its C-Bond nanoShield product delivered to a southwest distributor, currently active in Texas, Oklahoma, and Louisiana. This product, a patent-protected glass-strengthening solution, minimizes windshield damage and associated costs, including repairs and insurance premiums. The company anticipates ongoing sales growth with this distributor for the remainder of 2021. C-Bond nanoShield was developed with Rice University and is designed to reduce costs related to ADAS technologies.
- Achieved orders exceeding $43,000 for C-Bond nanoShield.
- Anticipates continued sales growth throughout 2021.
- C-Bond nanoShield reduces windshield damage and associated repair costs.
- Dependence on a single distributor for regional sales.
Automotive Products Distributor Currently Sells C-Bond nanoShield in Texas, Oklahoma, and Louisiana; Growth Expected into Other Regions
HOUSTON, April 22, 2021 (GLOBE NEWSWIRE) -- C-Bond Systems, Inc. (the “Company” or “C-Bond”) (OTC: CBNT), a nanotechnology solutions company, announced today that it has delivered orders of C-Bond nanoShield™, the Company’s windshield strengthening product, in excess of
C-Bond nanoShield is a patent-protected, glass-strengthening solution that targets and bonds within the surface defects of the windshield to provide resistance against chipping or cracking under stress. C-Bond nanoShield’s industry-leading performance significantly decreases windshield damage, reducing the need for a costly repair or replacement, as validated by independent third-party testing.
C-Bond nanoShield also enables improved visibility and driver response time and protection from the elements and road debris. It minimizes potentially significant costs, including out-of-pocket windshield replacement costs, insurance premiums and deductibles, as well as ADAS (Advanced Driver Assistance Systems) recalibration cost and inconvenience.
“This distributor in the southwest, who we started to work with in the fourth quarter of last year, is a great partner for us,” said Scott R. Silverman, Chairman and CEO of C-Bond Systems. “They continue to evangelize the value proposition of C-Bond nanoShield to their customers and market it with their suite of preventative maintenance products. We expect to see continued sales to this distributor throughout the remainder of 2021.”
C-Bond nanoShield is an easy-to-apply, spray-on product. The strengthening process begins immediately upon application and continues while the material cures in the following days. The product provides long lasting protection from rapidly increasing windshield repair and replacement costs associated with the rise of ADAS sensor technologies.
The Company’s distribution partner distributes preventative maintenance chemicals and equipment to the professional installer channel in the Automotive Dealer and Aftermarket segments, and carries C-Bond nanoShield as part of its product offering in Texas, Oklahoma, and Louisiana.
About C-Bond
C-Bond Systems, Inc. (OTC: CBNT) is a Houston-based advanced nanotechnology company and marketer of the patented C-Bond technology, developed in conjunction with Rice University and independently proven to significantly strengthen glass in key automotive and structural applications. The Company’s Transportation Solutions Group sells C-Bond NanoShield®, a liquid solution applied directly to automotive windshields, sold through distributors. The Company’s Safety Solutions Group sells ballistic-resistant glass solutions directly to private enterprises, schools, and government agencies. For more information, please visit our website at www.cbondsystems.com, Facebook: https://www.facebook.com/cbondsys/ and Twitter: https://twitter.com/cbondsys.
Forward-Looking Statements
Statements in this press release about our future expectations, including the likelihood that growth is expected into other regions; the likelihood that we expect to see continued sales to this distributor throughout the remainder of 2021; constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and our actual results could differ materially from expected results. These risks and uncertainties include, without limitation, C-Bond’s ability to raise capital; the Company’s ability to successfully commercialize its products; the effect of the COVID-19 global pandemic on the Company’s and its customers’ ability to operate; the Company’s ability to source materials; the Company’s ability to retain key employees and consultants; as well as other risks. Additional information about these and other factors may be described in the Company’s filings with the Securities and Exchange Commission (“SEC”) including its Form 10-K filed on April 14, 2021, its Forms 10-Q filed on November 16, 2020, August 14, 2020, and May 15, 2020, and in future filings with the SEC. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law.
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