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Kronos Advanced Technologies Inc. (KNOS)

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  • KRONOS ADVANCED TECHNOLOGIES INC FILES QUARTERLY FINANCIAL RESULTS HIGHLIGHTING OPERATIONAL IMPROVEMENTS AND REVENUE GROWTH
    GlobeNewswire

    KRONOS ADVANCED TECHNOLOGIES INC FILES QUARTERLY FINANCIAL RESULTS HIGHLIGHTING OPERATIONAL IMPROVEMENTS AND REVENUE GROWTH

    Los Angeles, CA, Nov. 23, 2020 (GLOBE NEWSWIRE) -- KRONOS ADVANCED TECHNOLOGIES, INC., (OTC MARKETS: KNOS) ("KNOS" or the "Company"), a revenue-generating, product development and production company that has significantly changed the way air is moved, filtered and sterilized reported financial results on November 20, 2020, for the Company's first quarter ended September 30, 2020.YTD Financial Highlights:Calendar 2020 YTD Revenue increased to $187,183.00Fiscal Q1 2020 Reported Revenue of $134,837.00First Quarter, September 30, 2020, Results Increased more than 400% Over June 30, 2020, Year-End Revenues.Operational Highlights:Kronos filed for provisional US patent protection for a new antibacterial face mask with cellphone radiation protection features.Kronos launched an independent sales rep program across the USA.Kronos became an authorized supplier for Walmart.com.Kronos increased inventories and announced new products.Kronos Advanced Technologies, Inc reported financial results for the three and nine months ended September 30, 2020. Over the past two quarters, the Company has expanded its online sales and marketing efforts and signed agreements with leading industry partners to introduce new product lines that will allow the Company continued revenue growth in 2021. During the pandemic, the Company had increased efficiency, adapted and established new policies that the Company anticipates to be more profitable and scalable, setting up for a promising 2021, expecting a vast improvement over pre-pandemic economy levels."The challenges of this pandemic of 2020 have been very difficult.  Our Corporate leadership and advisors have continued to focus on developing sustainable ways to improve our current market positioning. In addition, we launched a new strategic supply chain initiative that we believe will increase shareholder value. We expect a positive increase in sales this upcoming holiday season. We look to become a leading smart air purifier manufacturer and distributor nationwide once our infomercials starring Kevin Harrington begin to air," said Michael Rubinov, Kronos President.About Kronos Advanced Technologies, Inc.Kronos Advanced Technologies, Inc. began operations in 2002 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. 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 Los Angeles, California.Shopping portal: https://www.1800safeair.comFollow KNOS on Twitter: https://twitter.com/kronosatiFollow KNOS on Facebook: https://www.facebook.com/kronosatiFollow KNOS on Instagram: https://www.instagram.com/kronos_ati/Follow KNOS on Youtube: https://www.youtube.com/channel/UCdtrQDt1R26Ulh8v-S-EpJgContact us via info@kronosati.co or visit https://www.kronosati.co or https://www.1800SAFEAIR.comForward-looking statements: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, IncPhone inquiries: 1-800-SAFE-AIR     (option 4)

  • KRONOS ADVANCED TECHNOLOGIES' AIRDOG MANUFACTURING PARTNER LAUNCHES CROWDFUNDING CAMPAIGN FOR THE NEXT GENERATION SMART AIR PURIFIER MODEL 3 BUILT ON KRONOS TECHNOLOGY
    GlobeNewswire

    KRONOS ADVANCED TECHNOLOGIES' AIRDOG MANUFACTURING PARTNER LAUNCHES CROWDFUNDING CAMPAIGN FOR THE NEXT GENERATION SMART AIR PURIFIER MODEL 3 BUILT ON KRONOS TECHNOLOGY

    Los Angeles, CA, Nov. 16, 2020 (GLOBE NEWSWIRE) -- Los Angeles, CA, November 16, 2020 (GLOBE NEWSWIRE) KRONOS ADVANCED TECHNOLOGIES, INC., (OTC MARKETS: KNOS) ("KNOS" or the "Company"), a revenue-generating, product development and production company that has significantly changed the way air is moved, filtered and sterilized today announced that Kronos' manufacturing partner launched a crowdfunding campaign on IndieGoGo for its newest generation smart and compact air purifier which is built on Kronos® CORE technologies.During the first three days, over $74,000 was funded from more than 150 backers, far exceeding the initial goal.The campaign will last for the next 26 days."We are very excited to introduce this patented air purifier in time for the holiday season after dedication to producing this new generation of cutting edge technology," said Yan Zhang, Airdog CEO. "Kronos was the pioneer, and we have perfected the technology for a brand-new type of air purifier," stated Yan.Michael Rubinov, Kronos President, added, "By participating in this Indiegogo campaign, consumers will be able to purchase the newest product from our line of Kronos® technologies based smart air purifiers that not only eliminates 99,9% of unhealthy particulates from the air, including allergens, mold, bacteria, and viruses but also has zero maintenance costs having no expensive filters to replace.This space-age technology allows Model 3 to collect particles down to 0.0146µm (compared to conventional HEPA air purifiers that only capture airborne particles larger than 300 nanometers). This unit is a whisper -quiet and perfect for bedrooms.Recent research entitled: Association Between Indoor Air Quality and Sleep Quality indicated that Sleep quality is quite important for health and daily performance. Indoor air quality (IAQ) is related to sleep quality. Although some people have a relaxed mood and sleep in the bedrooms with low noise, moderate light, and appropriate temperature, they cannot sleep well because of poor air quality. The aim of this study figures out the association between clean indoor airflow and sleep quality.In comparison to the conventional filter-based air purifiers, the Kronos® technologies are more economical as well as more effective.  All particles from the air are collected on cartridge type plates.These plates are washable and reusable as opposed to HEPA filters that require expensive periodic replacement.Interested shareholders and consumers, please visit us via http://www.kronosati.co/indiegogo1 and pre-order our newest air purification unit.About Kronos Advanced Technologies, Inc.Kronos Advanced Technologies, Inc. began operations in 2002 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. 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 Los Angeles, California.Shopping portal: https://www.1800safeair.comFollow KNOS on Twitter: https://twitter.com/kronosatiFollow KNOS on Facebook: https://www.facebook.com/kronosatiFollow KNOS on Instagram: https://www.instagram.com/kronos_ati/Follow KNOS on Youtube: https://www.youtube.com/channel/UCdtrQDt1R26Ulh8v-S-EpJgContact us via info@kronosati.co or visit https://www.kronosati.co or https://www.1800SAFEAIR.comForward-looking statements: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, IncPhone inquiries: 1-800-SAFE-AIR     (option 4)

  • KRONOS ADVANCED TECHNOLOGIES EXPANDS SUPPLY CHAIN NETWORK, ANNOUNCES OPENING OF COMPANY OPERATED DIRECT E-COMMERCE FULFILLMENT CENTER
    GlobeNewswire

    KRONOS ADVANCED TECHNOLOGIES EXPANDS SUPPLY CHAIN NETWORK, ANNOUNCES OPENING OF COMPANY OPERATED DIRECT E-COMMERCE FULFILLMENT CENTER

    Los Angeles, CA, Nov. 10, 2020 (GLOBE NEWSWIRE) -- Los Angeles, CA, November 10, 2020 (GLOBE NEWSWIRE) -- KRONOS ADVANCED TECHNOLOGIES, INC., (OTC MARKETS: KNOS) ("KNOS" or the "Company"), a revenue-generating, product development and production company that has significantly changed the way air is moved, filtered and sterilized today announced the transformation of its supply chain, designed to improve product delivery which supports the growing demand from our customers nationwide. During the next 12 months, the Company plans to integrate several distribution centers, utilizing Walmart.com’s and our e-commerce fulfillment center. The goal is to provide more next-day and two-day shipping services that enable faster e-commerce shipping, striving to satisfy 100% of our customers nationwide. This strategy is built on our 2020 expansion initiative, increasing the Company's supply chain capacity, including the opening of Kronos’ facility in West Virginia, allowing the supply chain to satisfy the needs of customers from small packages to larger items, like our flagship product –the whole house air purifier. This expansion utilizes a small portion of the 85,000 square feet of facilities and real estate that Kronos is under contract to purchase as previously announced here: https://finance.yahoo.com/news/kronos-advanced-technologies-inc-ticker-191430936.html“Kronos continues to transform its supply chain to ensure our continued ability to provide superior products. Today's update, on the progress made in our supply chain transformation, demonstrates our ongoing commitment to enhance the customer experience in this new COVID era. Efficiently managing our marketing channels, customer demand, product supply, and product fulfillment is crucial to our success. The opening of our dedicated fulfillment center will allow us to match market demand with manufacturing supply, ensuring an improved customer experience,” said Joseph Florence, Kronos's CTO.“The early expansion of Kronos’s footprint into West Virginia shows not only an increased confidence in the State economy but a commitment to our Transition To America Initiative,” Joseph Florence said. West Virginia University’s Bureau of Business & Economic Research published the following economic data:West Virginia registered its strongest year of economic growth in more than a decade during 2018, marking the state’s second year of recovery after a protracted economic downturn that lasted for much of the period between 2012 and 2016. The energy sector has driven most of West Virginia’s economic rebound, particularly the abundance of natural gas pipeline construction activity occurring throughout the state. Most of the state’s economic regions have seen conditions improve over the past couple of years.Kronos management said the combination of our Transition To America Initiative, Design For Excellence, and Touchless Manufacturing Initiatives will enable Kronos to provide a pay-scale at Living Wage level and above for all employees. We desire to build a community of employees with great work, great pay, and great benefits. This news is but one of many steps towards this corporate goal.About Kronos Advanced Technologies, Inc.Kronos Advanced Technologies, Inc. began operations in 2002 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. 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 Los Angeles, California.Shopping portal: https://www.1800safeair.comFollow KNOS on Twitter: https://twitter.com/kronosatiFollow KNOS on Facebook: https://www.facebook.com/kronosatiFollow KNOS on Instagram: https://www.instagram.com/kronos_ati/Follow KNOS on Youtube: https://www.youtube.com/channel/UCdtrQDt1R26Ulh8v-S-EpJgContact us via info@kronosati.co or visit https://www.kronosati.co or https://www.1800SAFEAIR.comForward-looking statements: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, IncPhone inquiries: 1-800-SAFE-AIR     (option 4)