C-Bond Systems’ Distributor A1 Glass Coating Expands Pipeline for C-Bond BRS Projects to Four More Texas Schools and Expects to Recognize an Additional $300,000 in Revenue from these Pending Jobs

Rhea-AI Summary

C-Bond Systems (OTC: CBNT) announced an expansion in its partnership with A1 Glass Coating, revealing four additional ballistic-resistant system projects in Texas. This adds to the earlier twelve projects, bringing the total expected revenue from these installations to over $500,000. The new projects are expected to generate more than $300,000 in revenue. The C-Bond BRS technology is designed to enhance glass strength and security, validated for multiple levels of ballistic resistance.

Positive

• Total expected revenue from 16 school projects exceeds $500,000.
• Additional $300,000 revenue expected from four new projects.
• C-Bond BRS technology validated for multiple levels of ballistic resistance.

Negative

• None.

These four new pipeline projects are in addition to the 12 schools and $200,000 of expected revenue for A1 Glass Coating that C-Bond announced in April 2021, bringing the total amount of expected revenue for A1 Glass to over $500,000 for projects using C-Bond BRS

HOUSTON, June 03, 2021 (GLOBE NEWSWIRE) -- C-Bond Systems (the “Company” or “C-Bond”) (OTC: CBNT), a nanotechnology solutions company, announced today that its premier distributor, A1 Glass Coating (“A1 Glass”), has further increased its pipeline for C-Bond BRS (ballistic-resistant system) projects to four additional schools in Texas. A1 Glass Coating expects to recognize more than $300,000 in revenue from these four pending jobs using C-Bond BRS, as well as $200,000 in revenue from the 12 previously announced projects in A1 Glass’s pipeline for a total of $500,000 in expected revenue for these 16 schools.

C-Bond BRS is a ballistic-resistant film system that consists of the patented C-Bond glass strengthening technology and security film. The C-Bond technology chemically bonds to the defects randomly distributed on the glass surface to increase impact resistance and prevent breakage. C-Bond BRS is validated by an independent third-party laboratory to provide National Institute of Justice (NIJ) Level I, Level IIA, Level II, and Underwriters Laboratories (UL) 752 ballistic-resistant protection.

A1 Glass is an expert installer of C-Bond BRS and C-Bond Secure, which is a window film application to deter forced entry, in multiple schools and other facilities throughout Texas. C-Bond BRS and C-Bond Secure can be installed on existing glass surfaces or can be retrofitted into the existing framing system without the additional cost for structural changes to business design. Videos demonstrating the capabilities of C-Bond BRS can be found on the Company’s website.

“We are working closely with A1 Glass to continue to grow both of our companies’ businesses,” said Scott R. Silverman, Chairman and CEO of C-Bond. “Our strong relationship is mutually beneficial since A1 Glass is a leading installer of our patented window film solutions throughout Texas.”

C-Bond’s glass strengthening protection solutions have been installed in numerous schools, government buildings, media sites, and other high-security facilities around the country. C-Bond’s technology is protected by 22 patents and patent-pending applications.

About A1 Glass Coating
A1 Glass Coating in San Antonio, Texas, provides quality window tint solutions for auto, home, and business owners across Texas and has been doing so for over 30 years. The Company specializes in automotive window tinting, residential window film, and commercial window film that stops harmful UV rays from passing through its films, resulting in reduced glare, comfortable temperatures, and lower energy bills. The Company also carries products that offer forced-entry protection and films that protect glass from scratches, graffiti, other types of vandalism, and even bullets.

About C-Bond                
C-Bond Systems, Inc. (OTC: CBNT) is a Houston-based advanced nanotechnology company and marketer of the patented and patent-pending 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, hospitals, and government agencies. The Company also sells disinfection products, including MB-10 Tablets. For more information, please visit our website: 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 A1 Glass Coating expects to recognize more than $300,000 in revenue from these four pending jobs using C-Bond BRS, as well as $200,000 in revenue from the 12 previously announced projects in A1 Glass’s pipeline for a total of $500,000 in expected revenue for these 16 schools; 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 May 14, 2021, November 16, 2020, and August 14, 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.

FAQ

What is the expected revenue from C-Bond's new projects?

C-Bond expects over $500,000 in total revenue from the 16 school projects, including $300,000 from four new projects.

What is C-Bond BRS?

C-Bond BRS is a ballistic-resistant film system designed to enhance glass strength and security.

How many projects does C-Bond currently have with A1 Glass Coating?

C-Bond currently has 16 projects with A1 Glass Coating.

What are the benefits of C-Bond BRS technology?

C-Bond BRS provides significant impact resistance and is validated for NIJ and UL ballistic protection.

When was the partnership expansion with A1 Glass Coating announced?

The partnership expansion was announced on June 3, 2021.