Parkersburg, WV
--September 28, 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 announced
today its audited financial results for the full fiscal year ended
June 30, 2021.
Year over year, total
revenue increased more than 1200% to
$504,000.
Gross profit increased by
660% compared to the fiscal year ended
2020.
Company assets increased
to $6,326,244 with NET tangible assets of
$3,159,453
KNOS now qualifies to be
recognized as "Penny Stock Exempt" on the OTC Markets in accordance
with rules defined by the Securities and Exchange Commission
("SEC"). Specifically, according to OTCmarkets.com, Penny Stock
Exempt status means that KNOS stock is now exempt from the
limitations that accompany any security defined as a "Penny Stock"
according to the SEC under Rule 240.3a51-1 because it meets the
third of three recognized, qualifying tests: that the issuer has
Net Tangible Assets in excess of $2 million with continuous
operations for at least 3 years.
Mr. Michael Rubinov,
Kronos CEO and President commented, "KNOS completed a challenging
year with positive full-year financial results that exceeded our
expectations. I am proud of our management team's ability to
execute strategies for an upcoming profitable year upon completing
our business transition in 2021. We will continue to leverage our
electronic manufacturing facility and IP platforms with the goal of
developing a robust pipeline for innovative air purification
products. The entire KNOS team is focused on the planning and
delivery of the Company's strategic growth plan with the goal of
significantly increasing shareholder
value."
Kronos is supporting the
global public health community's work to keep people safe and
informed during the coronavirus public health crisis and beyond. We
are working to address the long-term impacts by supporting
industries in need and making it easier for people to find and
offer help in their communities.
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
substantially when the unit detects, neutralizes, and purifies the
air of pollutants, smoke, odors, gases, viruses, mold, and
allergens that should be removed from the
atmosphere.
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 Airdog® products). The Company offers a unique air
purifier, Tesla Air, to keep the air in your car the
safest.
MODEL 3 (MSRP $450) is our
best seller for bedrooms. It is whisper quiet. Patented Kronos
®CORE technology is the latest advancement in Air purifiers
technology. It generates a high voltage electric field known as
cold plasma to electrify particulates, including viruses and
bacteria, and destroy harmful particles when they pass through that
electrified field. Unlike traditional air purifiers that simply
trap pollutants on HEPA filters, Kronos® filter-less technology
destroys pollutants.
This Space-age Technology
allows Model 3 to actively collect particles 6 times smaller than
other air purifiers!
Kronos® three layers of
Washable Filters equate to zero dollars in maintenance cost while
eliminating up to 99.9% of Harmful Particles, 99.9% of PM 2.5, and
99% of Chemical Toxins in the air it
cleans.
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 employees, customers, 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 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
www.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 Dogecoin 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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