HOUSTON, April 02, 2019 (GLOBE NEWSWIRE) -- C-Bond Systems (the “Company” or “C-Bond”) (OTC: CBNT), a nanotechnology solutions company that improves and strengthens glass, announced today that it is expanding international distribution of C-Bond NanoShield™ as a leading rental car company orders 4,000 additional applications for vehicles in Canada. The rental car company previously ordered C-Bond NanoShield for testing on 80,000 vehicles at 18 major locations in North America.
C-Bond NanoShield offers advanced windshield protection by permeating the glass surface and detecting the microscopic flaws and defects randomly distributed all over the glass surface. The product is sprayed directly onto a windshield and then wiped off using a squeegee. C-Bond NanoShield's unique technology then works to repair the identified surface imperfections that weaken the glass and ultimately initiate windshield chipping and cracking. The strengthening process begins immediately upon application and continues while the material cures in the following days.
“We are very pleased to have an existing customer place a substantial new order for C-Bond NanoShield and broaden the distribution of our products outside the U.S.,” stated Scott R. Silverman, Chairman and CEO of C-Bond. “We are evaluating multiple exclusive and non-exclusive international distribution partners and we believe this order gives us added validation in new markets.”
C-Bond NanoShield is a cost-effective solution that reduces windshield repair and replacement, which, according to the Insurance Journal, is 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.
C-Bond NanoShield is available with a hydrophobic (water repellent), known as the Company’s C-Bond NanoShield Plus product. C-Bond’s patented technology was jointly developed with nanotechnology experts at Rice University.
About C-Bond
C-Bond Systems, Inc., headquartered in Houston, Texas, is a nanotechnology solutions company that improves and strengthens glass. It is the 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, Twitter, or LinkedIn.
Statements in this press release about our future expectations, including the likelihood that windshield repair and replacement is the number one insurance claim in the United States, representing 30% of auto insurance claims and costing insurers more than $4 billion annually; the likelihood that this order gives us added validation in new markets; 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 automotive 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-K filed on April 1, 2019, its Forms 10-Q filed on August 14, 2018 and November 14, 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.