KRONOS ADVANCED TECHNOLOGIES ACQUIRES 85,000 SQUARE FEET OF MANUFACTURING FLOOR SPACE ON A 10-ACRE CAMPUS LOCATED ON THE WEST VIRGINIA AND OHIO BORDER.

Rhea-AI Summary

Konos Advanced Technologies (OTC: KNOS) has finalized the acquisition of a state-of-the-art design and manufacturing facility located on the West Virginia and Ohio border. This 85,000 square foot facility is equipped with robotic assembly equipment and will serve as the cornerstone for the company's strategic initiatives aimed at reshoring supply chains and enhancing manufacturing processes. The transition is also expected to create 300 jobs in the local area, supporting access to a workforce within reach of major U.S. metropolitan areas, thereby fostering competitive advantages in the market.

Positive

• Acquisition of 85,000 square feet facility enhances manufacturing capabilities.
• Creation of 300 jobs in Parkersburg, West Virginia boosts local economy.
• Facility supports strategic initiatives for reshoring and advanced manufacturing.
• Potential for both contract manufacturing and KNOS product manufacturing.

Negative

• None.

Parkersburg, WV, Nov. 22, 2021 (GLOBE NEWSWIRE) --  Konos Advanced Technologies (OTC: KNOS), a company centered on building a complete product line of devices that improve the air we breathe, the water we drink, the food we eat, and in general, the environment we live in announced today that it has completed the acquisition of its new Design and Manufacturing facility. This milestone now begins the task of providing cutting-edge facility improvements. These improvements have started and are scheduled to be completed by December 31st 2021. 
The acquisition includes a turnkey electronics manufacturing facility with on-site robotic assembly equipment and 85,000 square feet of manufacturing floor space on a 10-acre campus positioned on the West Virginia and Ohio border. 

"This acquisition will become the foundational cornerstone of the three strategic initiatives driving the future of our company: Transition to America (reshoring of our supply chain), Design For Excellence (globally dominate designed products), and Touchless Manufacturing (Industry 4.0 manufacturing processes)", said Joseph Florence, CTO, COO.

"We will bring jobs to the Parkersburg, West Virginia, Mid-Ohio Valley area. We plan to employ 300 people at this new facility. Our location is centrally positioned near the U.S. East Coast, within an eight-hour driving distance of major metropolitan areas, representing half (1/2) of the U.S. population and a third (1/3) of the Canadian market. The MSA of Parkersburg, West Virginia, consists of Parkersburg and Vienna, West Virginia, and Marietta, Ohio, and has a population of 160,000 people. Both the work ethic and willingness to learn of the local workforce, as well as the accessibility beyond our immediate market, will become a competitive advantage for our Company," said Mr. Florence.

"With the existing, acquired equipment and the access to trained electronic assembly employees, Kronos will be able to telescope our transition to a USA manufacturer of consumer and industrial  products. In addition, we will have the capacity to a parallel path both contract manufacturing (B2B) and Kronos®-product manufacturing, ensuring our manufacturing relevance and subsidizing our overhead burdens. This strategy will further distinguish Kronos from our competitors by reducing development risk and cost." said Michael Rubinov, Kronos President.
Kronos currently has several near ready to manufacture product designs. In addition, the Company is planning to invest in technologies to improve our global manufacturing competitiveness continually. 

"We are setting a course for a continual flow of Kronos innovation and product leadership," said Mr. Florence. "Kronos is the only publicly-traded Company with our innovative air purification technology. We are looking forward to manufacturing and marketing all our products as Made In The USA. Our customers can depend on our next-generation innovative products as being market disruptors. We plan to develop a globally recognized product brand associated with providing Disease-Free Living. Our goal will be to rapidly develop and design world-class products driven by the voice of the customer and then manufacture each product at such exacting quality levels to set the market standard for every product category in which we choose to compete. We will be Best In Class!"

Kronos sells the world's most effective, patented air purifiers. Not only do our products operate at superior performance levels, but they are also much quieter than 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 noise level 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.

Kronos' safer indoor air quality products include KRONOS® MODEL 3, MODEL 5, and MODEL 8 (also marketed as Airdog® products). 
The Kronos MODEL 3 (MSRP $450) is our best seller for bedrooms. Its air purification performance provides "peace of mind," all the while operating at a level described as being 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. Unlike traditional air purifiers that trap pollutants on HEPA filters, Kronos® filter-less technology destroys contaminants as they pass through the electrified field. 

This Space-age Technology allows MODEL 3 to actively collect particles six times smaller than other air purifiers!
This superior filtering technique completely eliminates the need for a HEPA filter—no more costly filter replacements. In fact, Kronos® three layers of Washable Filters equate to zero dollars in maintenance cost, all the 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.

In addition, Kronos offers a unique air purifier, Car Air, to keep the air in your car the safest it can be and a personal air purifier for outdoor activity -FIT AIR- that is wearable on your arm. Kronos also supplies advanced US-manufactured N95 face masks and graphene 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 essential 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 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, healthcare facilities, operating rooms, manufacturing clean rooms, and automobiles and commercial aircraft cabins.

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 destroying 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
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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 information 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)

FAQ

What is the significance of the facility acquisition by Konos Advanced Technologies?

The acquisition provides Konos with a modern manufacturing base, supporting strategic goals like reshoring supply chains and enhancing production capabilities.

How many jobs will be created with the new facility?

The new facility is expected to create 300 jobs in the Parkersburg area.

What are the strategic initiatives outlined by Konos Advanced Technologies?

Konos has identified three key initiatives: Transition to America (reshoring supply chains), Design For Excellence (global product dominance), and Touchless Manufacturing (Industry 4.0 processes).

What advantages does the location of the new facility provide?

The facility's location is advantageous as it is within driving distance of major U.S. metropolitan areas, potentially accessing half of the U.S. population and a third of the Canadian market.

What types of manufacturing will the new facility support?

The facility will support both contract manufacturing (B2B) and the manufacturing of KNOS products, enhancing operational efficiency and reducing costs.