C-Bond Systems Inc (OTCMKTS:CBNT) Stock Pulls Back On Profit Booking After Recent Gains
Shares of C-Bond Systems Inc (OTCMKTS:CBNT) pulled back a bit after gaining momentum recently.
Market Stats
On Monday, CBNT stock went down 1053% to $0.0170 with 163K shares, compared to its average volume of 445K shares. The stock moved within a range of $0.0149 – 0.0200 after opening trading at $0.0195.
C-Bond Systems’ New Taiwanese Partner, Certified Global Solutions, Places Its First C-Bond nanoShield order
Nanotechnology solutions firm, C-Bond Systems Inc (OTCMKTS:CBNT), on March 14, 2022, announced that Certified Global Solutions (CGS), its new Taiwanese partner, has placed its first order. The order is for a patented windshield strengthener, C-Bond nanoShield.
CGS aims to market under the label “Gorilla Bond” for automotive trucking and automotive markets in Taiwan. A turn-key solution provider specializing in branding, private label sourcing, CGS is partnering with crowdfunding in Asia as well as Taiwan Government Bureaus.
The firm is in discussion with a few automotive dealers for pre-treating new vehicles to ensure road safety for customers. C-Bond nanoShield strengthens windshields through repair of microscopic flaws and defects in glass, which result in cracking and chipping. Sprayed directly and wiped off using a squeegee, strengthening process commences immediately.
Tested and validated for ensuring glass becomes robust, C-Bond nanoShield uses patented nanotechnology emulsion. This leads to increased impact resistance. Additionally, a hydrophobic component repels water improving driver visibility and reaction time in wet weather conditions.
Scott R. Silverman, Chairman, and CEO of C-Bond expressed delight in CGS placing the first order. Silverman confirmed that the firm is in process of rolling out the private label version of C-Bond nanoShield in Taiwan. The CEO added that the partnership will enlarge the customer base and use windshield strengtheners overseas.
Key Quote
“We are pleased that CGS has placed its first order and is preparing the roll out of its private label version of C-Bond nanoShield in Taiwan,” said Scott R. Silverman, Chairman and CEO of C-Bond. “This partnership expands our customer base and the use of our windshield strengthener overseas, and we are excited to see this relationship grow to include our other glass strengthening products.”
Traders Corner
CBNT stock is trading below the 20-Day and 50-Day Moving averages of $0.0191 and $0.0244 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0304.
