C-Bond Systems Reports Record Fourth Quarter and Full Year 2019 Financial Results

Company Achieves Record 2019 Revenue from Commercialization of Breakthrough Nanotechnology Products

HOUSTON, April 01, 2020 (GLOBE NEWSWIRE) -- C-Bond Systems, Inc. (the “Company” or “C-Bond”) (OTC: CBNT), a nanotechnology solutions company, has reported its financial results for the fourth quarter and full year ended December 31, 2019.

Fourth Quarter and Subsequent Operational Highlights

• Installed C-Bond BRS (ballistic-resistant system) in several high-profile locations nationwide, including a law enforcement office in Hawaii and a follow-up order from a major media outlet, increasing BRS segment revenues by over 60% to $350,000 in 2019.

• Expanded intellectual property portfolio to 22 issued and pending patents, as well as patent licenses, spanning core and strategic nanotechnology processes. In October 2019, an independent IP valuation firm valued C-Bond’s portfolio at $33.7 million.

• Expanded the distribution of C-Bond products globally, including:
   
  --  India through a recently announced distribution agreement with Quantron Business Tech Solutions.
  
  --  Middle Eastern countries through a distribution agreement with Dubai-based MEWS General Trading, LLC.
  
  --  European Union through a distribution agreement with Netherlands-based NNO Coatings
  
  --  Mexico through a distribution agreement with Grupo DRT.
  
  
• Received a top award at the 2019 Fleet Europe Summit in Portugal, a leading international fleet supplier industry event, providing further market visibility of C-Bond’s proprietary NanoShield product.

• Fortified balance sheet through the conversion of $274 thousand of deferred management compensation into equity, underscoring the conviction management holds in the company.

• Engaged international investor relations specialists MZ Group to expand its comprehensive, strategic investor relations and financial communications program across all key markets.

• Entered into a strategic partnership with MACOMA Environmental Technologies, LLC to resell FN NANO, a photocatalytic coating used in hospitals, acute care facilities, assisted living facilities, senior care facilities, athletic centers, schools, child-care facilities, arenas, airports, and other facilities to reduce the spread of airborne toxins and allergens, such as COVID-19 and MRSA.

• Signed joint marketing and distribution agreements with THOMS Aviation, THOMS Automotive, and EXEGi Trading Company (based in the Netherlands) to expand its nano-products portfolio including THOMS’ antibacterial and antiviral protection for COVID-19 and other pathogens.

Management Commentary