C-BOND SYSTEMS INC - CBNT STOCK NEWS

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.

C-Bond Systems (OTC: CBNT) has successfully installed security and ballistic film in approximately 100 Texas schools through its Patriot Glass Solutions Division. The Texas Legislative Budget Board has allocated $400 million for enhancing school safety measures, which includes window upgrades. The Texas Education Agency has proposed a mandate for security window film in schools, offering a significant market opportunity for C-Bond. The company plans to discuss this proposal and market prospects in an investor call on January 24, 2023. C-Bond's products meet stringent safety standards, positioning it as a leading provider in the security film market.

C-Bond Systems (OTC: CBNT) announced a significant investment by CEO Scott R. Silverman, who purchased over 54 million shares at a market price of $0.0055, totaling $300,000. This investment reflects Silverman's confidence in the company's potential, particularly within its Patriot Glass Solutions division, which is experiencing increased demand due to heightened concerns over school safety. Furthermore, the C-Bond nanoShield is seeing growth opportunities in the vehicle warranty sector. C-Bond plans to file a Form 8-K with further details on this investment.