Leading Rental Car Company Orders C-Bond NanoShield for 80,000 Vehicles
C-Bond NanoShield protects windshields against chipping and cracking to minimize repair and replacement costs and increase safety
HOUSTON, Jan. 29, 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 a leading rental car company has ordered the C-Bond NanoShield™ windshield strengthening solution 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 working with this customer to show how C-Bond NanoShield can reduce their windshield repair and replacement costs, and at the same time reduce vehicle downtime,” said Scott R. Silverman, C-Bond’s Chairman and CEO. “This type of testing is critical not only because it demonstrates our value proposition and provides us with ample data for other potential customers and the insurance industry, but it also brings revenue to the Company.”
C-Bond NanoShield is tested and validated to strengthen glass through a patent-pending nanotechnology emulsion that improves glass safety by increasing impact resistance. It 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 also available with a hydrophobic (water repellent), which is known as the Company’s C-Bond NanoShield Plus product. C-Bond’s patented technology was jointly developed with nanotechnology experts at Rice University.
Statements in this press release about our future expectations, including the likelihood that the Company is working with this customer to show how C-Bond NanoShield can reduce their windshield repair and replacement costs, and at the same time reduce vehicle downtime; 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; 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 8-K filed on May 1, 2018, 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.
Contact: Allison Tomek C-Bond Systems 6035 South Loop East Houston, TX 77033 firstname.lastname@example.org