C-Bond Systems Inc. - CBNT STOCK NEWS

On July 7, 2021, C-Bond Systems (OTC: CBNT) announced an agreement to acquire 80% of A1 Glass, a Texas-based distributor of window film solutions, with an option for the remaining 20%. A1 Glass has generated approximately $2 million in annual revenue for the past two years and has a strong project pipeline, including over $500,000 for school installations using C-Bond products. Michael Wanke, A1 Glass's owner, will serve as President of C-Bond's Safety Solutions Group. C-Bond aims to consolidate more than $2 million in annual revenues from this acquisition.

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.

C-Bond Systems (OTC: CBNT) announced a $50,000 purchase order to supply its C-Bond BRS, a ballistic-resistant system, to a Texas school district. This order is separate from other ongoing projects with A1 Glass Coating. The C-Bond BRS utilizes patented glass strengthening technology, validated to offer NIJ Level I, Level IIA, Level II, and UL 752 ballistic protection. C-Bond's technology is backed by 22 patents, enhancing safety in schools and high-security facilities.

C-Bond Systems (OTC: CBNT) announced the filing of a provisional patent for a nano-liquid solution that repairs windshield chips and cracks upon heating. Led by Professor Andrew R. Barron, this innovation differs from the current C-Bond nanoShield™ by reforming glass instead of filling it. The technology aims to offer a cost-effective solution as windshield replacement costs rise, with the U.S. automotive glass replacement market projected to exceed $8 billion by 2025.

On May 17, 2021, C-Bond Systems (OTC: CBNT) reported significant revenue growth of 155.9% for Q1 2021, totaling $155,650 compared to $60,826 in Q1 2020. Gross profit increased to 79.8% of sales, totaling $124,266. However, operating expenses surged 432.4% to nearly $5 million, primarily due to stock-based compensation. Loss from operations escalated to $4.8 million. The company is optimistic about meeting its annual revenue target of $2.1 million for 2021, supported by new contracts and strategic technology projects.

C-Bond Systems (OTC: CBNT) announced the allowance of U.S. Patent No. 16/376,944 for its C-Bond nanoShield, a windshield strengthening solution. This patent secures the technology's unique features, including glass strengthening and scratch resistance. The solution repairs microscopic flaws and initiates immediate strengthening upon application. With 22 patents and patent-pending applications, C-Bond aims to expand its market presence against rising windshield repair costs associated with advanced driver assistance systems (ADAS).

C-Bond Systems (OTC: CBNT) has announced that its distributor, A1 Glass Coating, is set to increase its project pipeline for C-Bond BRS (ballistic-resistant system) to 12 schools across six Texas districts. Expected revenue from these jobs exceeds $200,000. C-Bond BRS combines patented glass strengthening technology with security film, providing validated ballistic resistance. The technology has been installed in over 80 institutions nationwide, reinforcing its reputation as a leading safety solution. C-Bond holds 22 patents related to its technology.

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.

C-Bond Systems (OTC: CBNT) reported its 2020 financial results, achieving a 9% increase in revenue to $658,432 compared to $602,356 in 2019, with 46% of revenue coming from Q4 alone. The company reduced operating expenses by 28% to $4,892,959 and decreased net loss by 39% to ($0.03) per share. Cash reserves improved from $77,211 to $323,407. C-Bond advanced its product portfolio and secured multiple distribution agreements. The leadership aims for a 300% revenue increase in 2021.