C-BOND SYSTEMS INC - CBNT STOCK NEWS

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.

C-Bond Systems (OTC: CBNT) announced a $28,000 installation of its protective technologies, C-Bond Secure and C-Bond BRS, at a high-end jewelry store. The technologies strengthen glass to delay forced entry and provide ballistic-resistant protection. C-Bond Secure is a glass strengthening primer enhancing safety while C-Bond BRS offers NIJ Level I & II ballistic protection. The company has equipped over 80 facilities, including schools and government buildings, with its patented solutions, showcasing a growing trend among retailers opting for enhanced security.

C-Bond Systems (OTC: CBNT) announced the promotion of Allison Tomek to President and Board Member, effective March 15, 2021. Tomek joined the company in 2018 as Vice President of Corporate Communications. With over 20 years of experience in leadership roles across corporate communications and investor relations, she succeeds Vince Pugliese. Chairman and CEO Scott R. Silverman expressed confidence in Tomek's ability to enhance the company's growth strategy. Tomek emphasized the need for revenue growth and collaboration to advance C-Bond's unique technologies and product offerings.