2023 Highlights
- Revenue was over
$1.7 million for the first nine months of 2023, exceeding revenue for the first nine-month period of any prior year, even without the contribution of any revenue from our previously ownedC-Bond nanoShield product, which we sold in the second quarter of 2023 C-Bond sold itsC-Bond nanoShield windshield strengthener and related automotive assets for more than$4 million - Company strengthened its balance sheet, paid off debt, and restructured its last remaining convertible note to eliminate convertible features and stop accruing interest
C-Bond filed to officially establish Patriot Glass Solutions as a subsidiary as a result of expanding operations and strong revenue growth, with its products now installed in 162 schools inTexas as well as many other commercial facilities- Strong pipeline of purchase orders already received for 2024
“2023 was a transformational year for us as we sold the
Patriot Glass Solutions protects personal, commercial and government property from looting, smash-and-grabs, break-ins, and gunfire. Its leading products are C-Bond BRS, a ballistic-resistant film system, and C-Bond Secure, a multi-purpose glass strengthening primer and window film mounting solution that deters forced entry.
To see a demonstration of Patriot Glass Solutions’ security products, watch our video at: https://bit.ly/3l93oZV
For more information about Patriot Glass Solutions’ products, please call 844-602-2663 or email
About
Forward-Looking Statements
Statements in this press release about our future expectations, including the likelihood that we already have a solid pipeline of projects lined up to begin in 2024 and we will continue to expand by getting our ballistic and security film products specified by architects and growing our dealer network across the country; any forward-looking statements contained in the podcast interview; constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and our actual results could differ materially from expected results. These risks and uncertainties include, without limitation, the Company’s ability to successfully commercialize its products; the likelihood that schools will comply with the Texas Education Agency’s rule on school safety; the Company’s and its customers’ ability to source materials; construction delays; film delays; the Company’s ability to raise capital; regulatory risks; as well as other risks. Additional information about these and other factors may be described in the Company’s filings with the
Contact:
atomek@cbondsystems.com
Source:
2024 GlobeNewswire, Inc., source