C-Bond Systems’ Patriot Glass Solutions Subsidiary Announces Backlog of $3.3M Heading into 2024
This backlog includes only purchase orders the Company has already received and does not include other work the Company receives daily
SAN ANTONIO, Texas, Jan. 10, 2024 (GLOBE NEWSWIRE) -- C-Bond Systems (the “Company” or “C-Bond”) (OTC: CBNT), a developer and marketer of glass strengthening solutions for enhanced safety, announced today its Patriot Glass Solutions subsidiary has a backlog in excess of $3.3 million heading into 2024. This backlog includes purchase orders the Company has already received and announced but has not yet started the installations for and does not include other work Patriot Glass Solutions does on a daily basis.
The Company expects the majority of this backlog to be installed in 2024, but a portion of it could stretch into 2025 since some projects are new construction, etc. These projects primarily include schools, commercial buildings, and a hospital.
“We believe 2023 finished strong for us and expect it to be the Company’s best year thus far,” stated Scott R. Silverman, Chairman and CEO of the Company. “As we start 2024, we are even more excited as we see the strong backlog that we already have in place, which exceeds revenue from any year we have previously reported.”
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 and C-Bond Secure.
C-Bond BRS is a ballistic-resistant film system that includes the Company’s patented glass strengthening technology, which is applied directly to the glass, and multiple layers of security film on specified glass thickness to help stop bullets from penetrating the glass. C-Bond BRS is certified by third-party labs to meet National Institute of Justice Level I, Level IIA, Level II, and Underwriters Laboratories (UL) 752 ballistic-resistant protection standards.
Patriot Glass Solutions also offers forced entry-resistant film, also applied with its proprietary glass strengthener, which is its C-Bond Secure product. When used in conjunction with security film, C-Bond Secure delays forced entry, which gives law enforcement or other security personnel significantly more time to lead those inside a facility to safety and apprehend the perpetrator.
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 Michael Wanke at mike@patriotglasssolutions.com.
About C-Bond
C-Bond Systems, Inc. (OTC: CBNT) is a San Antonio-based nanotechnology company and marketer of the patented C-Bond technology, which is independently proven to strengthen glass in architectural applications. The Company’s Patriot Glass Solutions subsidiary sells ballistic-resistant glass solutions and forced entry deterrent solutions to private enterprises, schools, and government agencies. For more information, please visit our websites: www.cbondsystems.com, www.patriotglasssolutions.com, Facebook: https://www.facebook.com/cbondsys/ and Twitter: https://twitter.com/CBondSys and https://twitter.com/Patriot_Glass.
Forward-Looking Statements
Statements in this press release about our future expectations, including the likelihood that the Company expects the majority of this backlog to be installed in 2024, but a portion of it could stretch into 2025; the likelihood that we expect 2023 to be the Company’s best year thus far; 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 Securities and Exchange Commission (“SEC”) including its Form 10-K filed on March 31, 2023, its Forms 10-Q filed on November 14, 2023, August 14, 2023, and May 15, 2023, and in future filings with the SEC. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law.
CONTACT: Contact: Allison Tomek C-Bond Systems atomek@cbondsystems.com
