HOUSTON, Sept. 26, 2018 (GLOBE NEWSWIRE) -- C-Bond Systems (the “Company” or “C-Bond”) (OTC: CBNT), a nanotechnology company that improves and strengthens brittle materials, announced today that it has received a Notice of Allowance for its “C-Bond NanoShield™” trademark from the U.S. Patent and Trademark Office.
C-Bond NanoShield, launched in January 2018, is a patent-pending nanotechnology glass strengthening solution that improves glass safety by increasing impact resistance. It is a cost-effective solution for common problems, such as windshield repair and replacement, and has a quick and simple application process. C-Bond NanoShield is also available with a hydrophobic (water repellant) to improve driver visibility. According to the Insurance Journal, windshields are the number one insurance claim in the United States, representing 30% of auto insurance claims. This is estimated to cost insurers more than $4 billion annually.
“The award of this trademark is important as we continue to expand the product awareness and adoption of C-Bond NanoShield in the glass market,” stated Scott R. Silverman, the Company’s Chairman and CEO. “When it comes to strengthening glass, we do not believe there is any product available that can do what C-Bond NanoShield does, and we are proud to protect our brand.”
The Company intends to market C-Bond NanoShield across many verticals. Targets include fleet service companies, rental car companies, new car dealers and warranty protection packages, aftermarket service providers, insurance companies, original equipment manufacturers, and others.
C-Bond has filed, licensed and/or acquired a total of 22 individual patents and patent applications spanning core and strategic nanotechnology applications and processes. C-Bond’s patent portfolio was developed in association with experts from Rice University in Houston, TX and Swansea University based in the United Kingdom.
About C-Bond
C-Bond Systems, Inc., headquartered in Houston, Texas, is an advanced nanotechnology company and sole owner, developer and manufacturer of the patented C-Bond technology. C-Bond is the ONLY patent-protected nanotechnology product that is scientifically tested and commercially proven to significantly increase the strength, safety and performance levels of glass and window film products. For more information visit us at www.cbondsystems.com, on Facebook, or Twitter.
Statements in this press release about our future expectations, including the likelihood that windshield claims are estimated to cost insurers more than $4 billion annually; the likelihood that the Company intends to market C-Bond NanoShield across many markets; the likelihood that targets include fleet service companies, rental car companies, new car dealers and warranty protection packages, aftermarket service providers, insurance companies, original equipment manufacturers, and others; 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, C-Bond’s ability to raise capital; the Company’s ability to target the flat glass market; the Company’s ability to successfully commercialize its products; 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-Q filed on August 14, 2018, and its Form 8-K filed on May 1, 2018, 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.