Welcome to our dedicated page for C-Bond Systems news (Ticker: CBNT), a resource for investors and traders seeking the latest updates and insights on C-Bond Systems stock.
C-Bond Systems Inc. (CBNT) delivers cutting-edge nanotechnology solutions that revolutionize glass safety and performance. This dedicated news hub provides investors and industry professionals with essential updates on the company’s advancements in protective glass systems, strategic partnerships, and market developments.
Access consolidated information on product innovations, including windshield reinforcement technologies and ballistic-resistant films, alongside financial announcements and industry certifications. The platform serves as a reliable resource for tracking C-Bond’s progress in enhancing architectural and vehicular safety through patented solutions.
Discover updates across key areas: new installation partnerships through subsidiary Patriot Glass Solutions, advancements in precision dosing technology for pharmaceutical applications, and performance validation through live-fire demonstrations. Content is curated to support informed decision-making while maintaining strict compliance with financial disclosure standards.
Bookmark this page for streamlined access to C-Bond Systems’ official communications. Check regularly for developments in nanotechnology applications that address critical safety needs across commercial, institutional, and government sectors.
C-Bond Systems demonstrated its innovative bullet-resistant window film, Patriot Glass, at the ALERRT facility in San Marcos, Texas, on April 21, 2023. This demonstration was attended by Central Texas school administrators in anticipation of Texas House bills aimed at enhancing school security. The film is designed to make windows resistant to gunfire and other ballistic threats by using a patented technology that heals microscopic flaws in the glass. CEO Scott Silverman emphasized the product's unique one-way capability, allowing security officers to defend while preventing attackers from entering. The Texas House will consider school safety legislation on April 24, including House Bill 3 and House Bill 13.
C-Bond Systems (OTC: CBNT), a nanotechnology solutions company, announced its Patriot Glass Solutions division has received a notice of award to install its patented C-Bond Secure security film system at a Texas school district near Uvalde, TX. This installation helps schools comply with the Texas Education Agency’s safety requirements. C-Bond Secure enhances the strength of glass, delaying forced entry by up to 90 seconds, allowing more time for security personnel to respond. As safety remains a priority, the company is actively bidding on new projects daily. Notably, the Texas Legislative Budget Board has approved $400 million for safety upgrades in schools, which could bolster demand for C-Bond's solutions.
C-Bond Systems (OTC: CBNT) announced its financial results for the year ending December 31, 2022, reporting revenues exceeding $2.23 million, reflecting a 51% increase compared to 2021. Key highlights include a gross profit of $1.28 million, representing 57.3% of sales, and a significant reduction in operating expenses by 42.9%. The net loss decreased to $5.16 million, down from $7.13 million in the prior year. The company launched the new C-Bond nanoShield warranty program, secured multiple purchase orders for its products, and continued to expand its network of distributors. Chairman Scott R. Silverman invested $300,000 in the company, signaling confidence in future growth opportunities.
C-Bond Systems (OTC: CBNT) announced a strategic expansion of its Patriot Glass Solutions division, signing 25 dealers, including seven in Texas, in response to the Texas Education Agency's proposal mandating security window film in schools. This initiative follows the approval of $400 million by the Texas Legislative Budget Board for school safety enhancements. The proposed regulations necessitate security measures for vulnerable windows, with compliance required by the 2023-2024 school year. The surge in demand for security film positions C-Bond as a leader in the market, with over 100 installations completed.
C-Bond Systems (OTC: CBNT) announced a $169,000 purchase order for its patented ballistic-resistant window film system, C-Bond BRS, at the San Antonio Police Department. The C-Bond BRS meets National Institute of Justice Level I, IIA, II, and UL 752 standards for ballistic resistance. This order signifies the efficacy of their technology in enhancing safety for first responders. Additionally, the Texas Education Agency's recent proposal to mandate security window film in schools and the approved $400 million funding for safety improvements in Texas schools may bolster demand for C-Bond's products.
C-Bond Systems (OTC: CBNT) reported a notable decrease in windshield warranty claims following the adoption of their C-Bond nanoShield product. The company has successfully sold over 55 gallons, translating to more than 5,000 applications of this patented windshield strengthener to a major automotive warranty provider, whose identity remains confidential. The effectiveness of C-Bond nanoShield is evident as it enhances windshield durability by repairing surface flaws and promoting water repellency. CEO Scott R. Silverman stated this development validates the product's value in reducing potential windshield damage.
C-Bond Systems (OTC: CBNT) announced a significant expansion in its government business through its Patriot Glass Solutions division, responding to potential growth driven by the Texas Education Agency's new window film requirements for schools. The company recently completed a film installation at a Veteran's Administration facility in Texas, utilizing its proprietary C-Bond Secure and C-Bond BRS products intended to enhance glass security.
The Texas Legislature has allocated $400 million to help school districts upgrade safety measures, which is expected to boost demand for C-Bond's products.
C-Bond Systems (OTC: CBNT) announced a $137,000 security window film project awarded by the San Antonio Independent School District. This contract aligns with the Texas Education Agency's proposed requirements for security window film in schools, potentially increasing demand for C-Bond's offerings.
Having installed security films in around 100 Texas schools, C-Bond aims to capitalize on its position as a qualified installer. Additionally, Texas allocated $400 million for enhancing school safety features. C-Bond's patented technology meets stringent ballistic protection standards, enhancing its marketability in the security sector.
