According to the National Center for Educational Statistics, between 2000–01 and 2020–21, the number of school shootings with casualties per year at public and private elementary and secondary schools ranged from 11 to 93. 2020–21 was the first year since data collection began in which fewer than half of schools that had shootings (including those with and without casualties) were high schools.8 In fact, more elementary schools (59) than high schools (57) had shootings in 2020–21. An additional 21 middle or junior high schools and eight schools of other types also had school shootings. Between 2000–01 and 2020–21, the number of casualties per year due to school shootings ranged from 15 to 185. In 2020–21, there were 118 casualties (46 deaths and 72 injuries) from school shootings.
Like school shootings, workplace shootings constitute another subcategory of mass shootings. In workplace incidents, the shooter is usually a current or former employee who targets co-workers. Workplace mass shootings rose to national attention following a string of incidents in the late 1980s to early 90s involving employees of U.S. post offices; the slang term “going postal” had its origins in these incidents. The increasing number of mass hom’80ses ha’90slipsed the post office shootings in the 80s and 90’s in the workplace in the past decade. According to a report from the FBI, preventive measures can include pre-employment screening, identifying problem situations and risk factors, and security preparations. This is excellent advice, but pre-employment screening hasn’t helped, and none of us are trained to look at problem situations and risk factors among our coworker if an employer fires someone they think is a threat, there’s a better than average chance the employer will be slapped with a lawsuit! So, what’s the answer? The answer is, as the FBI suggests, security preparations.
C-Bond Systems provides products based on patented and patent-pending C-Bond technology, independently proven to strengthen glass in automotive and structural applications to help secure facilities from forced entry and other similar crimes. The C-Bond technology enables ordinary glass to dissipate energy by permeating the glass surface and detecting microscopic flaws and defects randomly distributed all over the glass surface. C-Bond’s unique qualities then work to locate and repair the identified surface imperfections that weaken the glass composite structure and ultimately act as failure initiators. The C-Bond formula is engineered to maintain original glass design integrity while increasing the mechanical performance properties of the glass unit.
C-Bond Systems operates in the multi-billion-dollar glass and window film industry. Its primary business includes C-Bond Transportation Solutions and Patriot Glass Solutions. C-Bond Transportation Solutions’ flagship automotive product is C-Bond NanoShield™, a windshield strengthener that reduces cracks and chips in glass to lower windshield replacement costs and increase safety. The Company also markets a suite of products that protect, clean, and disinfect your vehicle’s interior and exterior and other transportation forms, including aircraft and trains. Patriot Glass Solutions sells multi-purpose glass strengthening primer and window film mounting solutions, including C-Bond BRS, a ballistic-resistant film system, and C-Bond Secure, a forced entry system.
Patriot Glass has been in the news several times recently, as school shooting and the destruction of government buildings has been on the rise. C-Bond has installed its ballistic-resistant safety and security window film product, C-Bond BRS, at more than 100 locations in Texas to help protect students, staff, and other individuals. C-Bond Systems’ bullet-resistant film system protects personal and business property across the United States from looting, rioting, break-ins, and gunfire. It is validated by an independent third-party laboratory to provide National Institute of Justice (NIJ) Level I, Level IIA, Level II, and Underwriters Laboratories (UL) 752 ballistic-resistant protection. It is only a matter of time before this small company providing such an essential service starts to show up on investors’ radar screens. C-Bond Systems’ Patriot Glass Solutions Division received numerous purchase orders to install C-Bond Secure Protective Film at schools. Bolstering the already growing interest in CBNT’s Patriot Glass product, in a June 6, 2022 article in the Washington Post, Senator Ted Cruz of Texas is quoted as calling for the installation of bulletproof doors and glass to help prevent shootings.
C-Bond Systems’ Patriot Glass Solutions division held live-fire demonstrations of its C-Bond BRS (ballistic-resistant system) on June 22nd in San Antonio, TX, and June 29th in Los Angeles, CA. With the Senate’s bipartisan deal on school safety, C-Bond invited school personnel, architects, law enforcement, politicians, and the media to see how its bullet-resistant system can help in active shooter situations. C-Bond BRS stopped bullets from a 9mm handgun and an AR-15 semi-automatic rifle from penetrating glass windows.
Media coverage of C-Bond Systems demonstration can be seen here:
C-Bond Transportation Solutions Group
C-Bond Transportation Solutions Group sells C-Bond nanoShield, the company’s patented nanotechnology, windshield glass strengthening, and hydrophobic (water repellent) all-in-one performance system. C-Bond nanoShield is a first-of-its-kind chemical solution that protects and strengthens windshields by permeating the glass surface and repairing the microscopic flaws and defects on the glass that ultimately initiate chipping and cracking. It is designed to improve windshield safety and performance by increasing windshield chip and break resistance and improving windshield visibility in wet weather conditions to provide extended driver reaction time.
The company’s Transportation Solutions Group sells C-Bond nanoShield primarily through distributors. The strengthening process begins immediately upon application and continues while the material cures in the following days. The product is easy to apply and is sprayed on and squeegeed off. CBNT intends to create new markets and channels in the aftermarket automotive windshield segment, including fleets, automotive dealers, and service providers.
C-Bond Systems announced record second-quarter revenue of over $540,000 for the quarter that ended June 30, 2022, an increase of more than 300% from the second quarter of 2021. This is the highest revenue that the Company has reported in any second quarter in its history. For the three months ended June 30, 2022, sales amounted to $540,367 compared to $133,670 for the three months ended June 30, 2021, an increase of $406,697, or 304.2%. For the six months ended June 30, 2022, sales amounted to $1,051,076, as pared to $289,320 for the six months ended June 30, 2021, an increase of $761,756, or 263.3%.
For the three months ended June 30, 2022, operating expenses amounted to $742,157 compared to $731,132 for the three months ended June 30, 2021, an increase of $11,025, or 1.5%. For the six months ended June 30, 2022, operating expenses amounted to $2,677,000 compared to $5,700,996 for the six months ended June 30, 2021, a decrease of $3,023,996, or 53.0%, primarily due to a decrease in stock-based compensation.
For the three months ended June 30, 2022, loss from operations decreased by $210,135, or 33.8%, compared to the three months ended June 30, 2021. For the six months ended June 30, 2022, loss from operations decreased by $3,381,969, or 61.9%, compared to the six months ended June 30, 2021, primarily due to a decrease in stock-based compensation.
For the three months ended June 30, 2022, and 2021, net loss amounted to $1,009,352 and $579,025, respectively, primarily due to an increase in other expenses, net, which amounted to $597,858 as compared to other income, net of $42,604 for the three months ended June 30, 2021. This change was due to an increase in interest expense of $338,364 related to an increase in the amortization of debt discount and an increase in interest-bearing debt, an increase in loss on debt extinguishment of $234,320 related to the modification of debt, and a decrease in other income of $67,778. For the six months ended June 30, 2022 and 2021, net loss amounted to $2,928,771 and $5,442,998, respectively.
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