Parkersburg, WV -- Aug. 25,
2021 -- InvestorsHub NewsWire -- KRONOS ADVANCED TECHNOLOGIES, INC.
(OTC
MARKETS: KNOS) ("KNOS" or the "Company"), innovation-driven
product development and production company that has significantly
changed the way air is moved, filtered and sterilized is pleased to
announce that the Financial Industry Regulatory Authority ("FINRA")
published details of the spin-off of DogeSPAC
LLC.
The record date for the
distribution (the "Distribution") of the membership interests
(units) of DogeSPAC LLC to holders of our equity securities remains
June 15, 2021, which will be paid out to all eligible shareholders
today. Stockholders of the Company will receive one unit of
membership interests of DogeSPAC LLC for each one share of common
stock of the Company held by such stockholders based on the record
date. For those holding through their brokerage firms, DTCC and
related clearing institutions will determine based on the record
and payment dates which customers will receive the spin-off units
into their accounts.
"We are glad that we will be
able to finalize this process today after waiting months for FINRA
to publish the event," said Michael Rubinov, President of the
Company. "We believe that we were the first publicly traded Company
to accept Dogecoin as a method of payment, providing us with a
competitive advantage on the market for the Kronos products line.
We are pleased that the long-awaited spin-off of DogeSPAC can
finally occur today."
Kronos sells the world's most
efficacious, patented air purifiers that are also much quieter
compared to HEPA air purifiers. The noise level ranges from 22dB
(sleep mode) to 57dB (turbo mode) and averages at 34dB, which is
half of traditional air purification systems while far more
effective. This is as quiet as a soft hum which only increases
slightly when detecting greater pollutants needing
purification.
We also offer a personal air
purifier for outdoor activity -FIT AIR that is wearable on your
arm.
Kronos products for safer indoor
air quality include Model 3, Model 5, and Model 8 (also marketed as
Airdoge® products). The Company offers a unique air purifier, Tesla
Air, to keep the air in your car the safest.
MODEL 5 (MSRP $650): Ideal for
rooms of up to 1400sq. ft. can disinfect and purify air space 24/7
(bedrooms, living rooms, etc.) This Model 5 is 26 (H) x 12 (L) x 12
(W) inches, weighs 28.9 pounds, and its power consumption is only
20-60 W (110/240v).
MODEL 8 (MSRP $1,199) ON SALE
price $999.00: Ideal for large spaces up to 3000 sq. ft.
(businesses, hospitals, schools, universities, hotels, restaurants,
including residential spaces such as studio apartments, large
living rooms, and home offices.) The MODEL 8 is 30" (H) x 15" (W) x
15", weighs 43 pounds, and its power consumption is 110 W
(110/240v). The Model 8 may well be the highest CADR among all air
purifiers, including HEPA, and the most efficacious with the lowest
cost of ownership.
Kronos also supplies advanced
US-manufactured face masks (including high-tech invisible masks) to
better protect students and teachers nationwide.
COVID-19
DISCLAIMER:
Kronos uses a variety of methods
to test the functionality of our air purification products.
Customers should evaluate their specific application and
environmental conditions when making an assessment regarding the
technology's potential benefits. Our customers should also use
reasonable safety precautions to prevent the transmission of
pathogens, including SARS-CoV-2. While our products provide
significant advantages, you cannot rely solely on our products to
contain Covid or prevent its spread. It is important to comply with
all applicable public health laws and guidelines issued by
national, federal, state, and local authorities, including guidance
published by the Centers for Disease Control and Prevention (CDC),
including but not limited to social distancing, hand hygiene, cough
etiquette, and the use of face masks.
About DogeSPAC
LLC
The newly formed DogeSPAC team
will initially take the indication of interests from Dogecoin
owners that qualify as accredited investors and/or non-USA persons.
After exhausting these interests, DogeSPAC LLC intends to go
through the highly regulated process of SEC registration known as
S-1 in order to reach a broader audience and will update investors
and shareholders via www.dogespac.com periodically. Any inquiries
should indicate both the size of interest and whether ownership in
DogeSPAC would be preferred in the more traditional units of
certificates or in units that will be posted on the Binance
Blockchain where they will eventually be tradeable on PancakeSwap
-the decentralized exchange for swapping BEP-20 tokens. Once
DogeSPAC has raised sufficient amounts of Dogecoin, we will
endeavor to close our first acquisition utilizing Dogecoin as the
preferred form of payment or investment. DogeSPAC's initial assets
consist of a significant position in Dogecoin Cash, symbol $DOG
(www.dogecoincash.org)
but seek to generate the balance of its funding in Dogecoin, symbol
$DOGE.
Those interested should request
further information via info@dogeSPAC.com
About Kronos Advanced
Technologies, Inc.
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 the way 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 of 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, passing through our patented technology -replacing
expensive outdated passive HEPA and other filtration type systems.
There are broad ranges of additional markets for standalone and
embedded Kronos CORE technology-based devices. Examples of
immediately addressable markets include schools, universities,
healthcare facilities, operating rooms, manufacturing clean rooms,
and the cabins of automobiles and commercial
aircraft.
The Company supports
KronosFoundation.org which encourages people to make positive
change while it helps others to breathe safe air by donating air
purifiers locally and nationwide through campaigns that make an
impact.
Kronos published research about
the effectiveness of Kronos Patented technology on air disinfection
n (e.g., microorganism destruction) by demonstrating the high
efficacy of Kronos® Technology-based air purifiers in capturing and
destruction of various types of microorganisms (including Corona
Viruses) in different environmental settings back in 2008. Results
of this research showed that Electrostatic Air Filtration and
Purification systems based on Kronos technology demonstrated high
capturing and destruction efficiency for different types of
microorganisms, bacteria, and viruses, and can be successfully used
for disinfection of air in real word environmental settings,
including hospital facilities both with and without the presence of
people.
BusinessWeek called Kronos air
purifiers "VIRUS KILLER" in 2005.
Kronos is the first publicly
traded Company that accepts DOGE coin as a form of payment for its
products, as well as other cryptocurrencies.
Recently, the Company filed for a
provisional patent involving an innovative protective face mask
with antimicrobial and anti-cellphone radiation protection
features. The Company is planning to file additional patents to
improve its existing technology as well as enter into new market
segments but will continue to market air purifiers and other
consumer products. The Company is an exclusive distributor and
licensee of the latest generation of air purifiers based on the
Company's CORE technologies. The Company markets its products as
Airdog® and KRONOS® brands. All Kronos products come with Kronos
Promise ™ -Your Satisfaction is Guaranteed!
Company offices are located in
Parkersburg, WV
Shopping portal: https://www.1800safeair.com
Follow KNOS on Twitter: https://twitter.com/kronosati
Follow KNOS on Facebook: https://www.facebook.com/kronosati
Follow KNOS on Instagram: https://www.instagram.com/kronos_ati/
Follow KNOS on Youtube: https://www.youtube.com/channel/UCdtrQDt1R26Ulh8v-S-EpJg
Follow KNOS on Reddit: https://www.reddit.com/user/Kronos_ATI
Follow KNOS on
LinkedIn: https://www.linkedin.com/company/kronos-advanced-techngologies-inc
Contact us via info@kronosati.co
or visit https://www.kronosati.co or https://www.1800SafeAIR.com
Disclaimer
This news release does not
constitute an offer to sell, a solicitation of an offer to buy, or
a recommendation of any security or any other product or service by
Kronos Advanced Technologies Inc or any other third party
regardless of whether such security, product, or service is
referenced in this press release. Furthermore, nothing in this
press release is intended to provide tax, legal, or investment
advice, and nothing in it should be construed as a recommendation
to buy, sell, or hold any investment or security or to engage in
any investment strategy or transaction. Kronos Advanced
Technologies does not represent that the securities, products, or
services discussed in this press release are suitable for any
particular investor. You are solely responsible for determining
whether any investment, investment strategy, security, or related
transaction is appropriate for you based on your personal
investment objectives, financial circumstances, and risk tolerance.
You should consult your business advisor, attorney, and/or tax and
accounting advisor regarding your specific business, legal, or tax
situation.
Social Media Disclaimer and
Forward-Looking Statements.
Kronos Advanced Technologies
investors and others should note that we announce material
information to the public about the Company through various means,
including our website (https://www.kronosati.co/investors), through press
releases, OTCmarkets filings, public conference calls, via our
corporate Social Media accounts, listed above.
We encourage our investors and
others to monitor and review the information we make public in
these locations, as such information could be deemed to be material
information. Please note that this list may be updated from time to
time.
Certain statements contained in
this press release may constitute "forward-looking statements."
Forward-looking statements provide current expectations of future
events based on certain assumptions and include any statement that
does not directly relate to any historical or current fact. Actual
results may differ materially from those indicated by such
forward-looking statements as a result of various important factors
as disclosed in our filings with the OTC Markets at OTCMarkets.com. In addition to these
factors, actual future performance, outcomes, and results may
differ materially because of more general factors including
(without limitation) general industry and market conditions and
growth rates, economic conditions, governmental and public policy
changes, the Company's ability to raise capital on acceptable
terms, if at all, the Company's successful development of its
products and the integration into its existing products and the
commercial acceptance of the Company's products.
The forward-looking statements
included in this press release represent the Company's views as of
the date of this press release, and these views could change.
However, while the Company may elect to update these
forward-looking statements at some point in the future, the Company
specifically disclaims any obligation to do so.
These forward-looking statements
should not be relied upon as representing the Company's views as of
any date subsequent to the date of the press
release.
SOURCE: KRONOS ADVANCED
TECHNOLOGIES, Inc
Phone inquiries: 1-800-SAFE-AIR
(option #4)
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