C-Bond Systems Inc. - CBNT STOCK NEWS

C-Bond Systems' Patriot Glass Solutions, operating as A1 Glass Coating in San Antonio, wins South Central Architectural Film Dealer of the Year. The subsidiary offers innovative safety solutions like C-Bond BRS and C-Bond Secure, providing ballistic and forced entry resistance.

C-Bond Systems (CBNT) subsidiary, Patriot Glass Solutions, receives eight purchase orders from Texas school districts to install ballistic-resistant and forced entry-resistant systems, adding to the $3.4 million backlog. The company's products are certified to meet strict ballistic-resistant protection standards and offer enhanced safety measures for schools and other properties.

C-Bond Systems (CBNT) anticipates continued growth in the commercial and educational sectors as it sees increased demand for its bullet-resistant and forced entry-resistant film systems, with a backlog of over $3.3 million heading into 2024. The company is broadening its marketing efforts outside of Texas and expects substantial revenue growth in 2024 and beyond. The global bulletproof glass market is projected to grow to $14.90 billion by 2029, at a CAGR of 10.6%.

C-Bond Systems (CBNT) Announces $3.3 Million Backlog for Patriot Glass Solutions in 2024

C-Bond Systems (CBNT) announced record revenue of over $1.7 million for the first nine months of 2023, an asset sale of $4 million, strengthened balance sheet, elimination of convertible debt, and a strong pipeline for 2024. The company also established Patriot Glass Solutions as a subsidiary, with its products installed in 162 schools in Texas and many other commercial facilities. CEO Scott R. Silverman emphasized the focus on core products and expansion of the dealer network for 2024.

C-Bond Systems, Inc. (CBNT) is a San Antonio-based nanotechnology company and marketer of the patented C-Bond technology, proven to strengthen glass for architectural applications. The company's CEO, Scott R. Silverman, discussed the company's 2023 highlights, including record revenue and the sale of their automotive division for $4 million in cash, strengthening the balance sheet and providing working capital to grow the Patriot Glass Solutions division. Silverman also highlighted the established pipeline of contracts and projects for 2024, focusing on revenue growth and strengthening the balance sheet through partnership or acquisition.

C-Bond Systems (CBNT) subsidiary Patriot Glass Solutions has received a $170,000 follow-on purchase order from a large oil company, increasing the job size to $500,000. The order is for C-Bond BRS, a ballistic-resistant film system, to be installed at the oil company's Houston offices. The system is certified to meet National Institute of Justice and Underwriters Laboratories ballistic-resistant protection standards.

C-Bond Systems, Inc. (CBNT) CEO Scott R. Silverman discusses the company's recent achievements, including the installation of their technology in over 162 schools in Texas, a new school purchase order, and a significant project for one of the world's largest oil companies. The company has also eliminated the convertible features of its only remaining convertible promissory note, significantly strengthening its balance sheet. 3rd quarter revenue surpassed $800,000, and the company aims to meet or exceed those numbers in the 4th quarter.

C-Bond Systems (CBNT) subsidiary, Patriot Glass Solutions, has installed its products in 162 schools in Texas and continues to receive purchase orders for its C-Bond BRS (ballistic-resistant system) from a school district in suburban Houston. The C-Bond BRS is a certified ballistic-resistant film system that includes C-Bond’s patented glass strengthening technology, offering enhanced safety for students and staff. The company remains focused on implementing enhanced security measures in schools and businesses to address the growing need for safety in today’s world.