Kronos Advanced Technologies (OTC: KNOS), a revenue-generating product development and production company that has significantly changed the way indoor air is filtered and disinfected, today announced its financial closing on the acquisition of an 85,000 square-foot manufacturing campus located in Parkersburg, West Virginia. The facility, which for the past 25 years was used in the design and production of advanced electronics containing high-density circuit boards for aviation, military, industrial, and medical products, will be modified to produce advanced air purification devices and other wellness products based on Kronos’ Disease-Free living concept. “Nearly two years ago, we set into motion a strategic plan to transform Kronos from a marketing and fulfillment company, positioned within the fragmented market space of air purification, into a globally dominant consumer product design and manufacturing company,” said Kronos COO and CTO Joseph Florence. “Our vision is for Kronos to become a household-recognized, customer-centric design and manufacturing company providing products that improve the human condition by enhancing the air we breathe, the water we drink, the food we eat, and the environment we live in. This acquisition is a key foundational milestone in our transformation.”
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About Kronos Advanced Technologies Inc.
Kronos is focused on next-generation wellness consumer electronics products and PPE solutions. The company was founded in 2002 and funded by the U.S. military to develop electrostatic air movers. Eventually, the company moved into the consumer air purification business. It began operations as a product development company that invented and significantly changed how air is moved, filtered and sterilized. Historically, Kronos has focused on developing, marketing and selling the company’s proprietary air movement and purification technology. Serving the indoor air quality (“IAQ”) market, Kronos technology uses state-of-the-art, high-voltage, patented processes without the use of traditional porous HEPA filters. Kronos-based products move air silently, filter, sterilize, and purify the air while dramatically reducing energy consumption to half a 60-watt light bulb. Kronos devices can be variable in shape or size and, therefore, have the potential to be scaled down for air purification in cars or scaled up in size for industrial and hazardous gas destruction. The technology is currently being implemented in multiple standalone products for businesses, homes and vehicles of all types to move, sterilize and filter air, including removing allergens down to 14.6 nanometers by the passing of air through our patented technology. In addition, there are broad ranges of additional markets for standalone and embedded Kronos CORE technology-based devices. Immediately addressable markets are schools, universities, health care facilities, operating rooms, manufacturing clean rooms, automobiles, and commercial aircraft cabins. For more information, visit the company’s website at www.KronosATI.co.
NOTE TO INVESTORS: The latest news and updates relating to KNOS are available in the company’s newsroom at https://ibn.fm/KNOS
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