Kronos Advanced Technologies Declares Special Cash Dividend for Shareholders
Kronos Advanced Technologies (OTC: KNOS), a leader in air purification and innovative tech solutions, has declared a special cash dividend of $0.00001 per share for its shareholders. The dividend is payable on December 18, 2024, to shareholders of record as of September 18, 2024. CEO Greg Rubin emphasized this as a step towards delivering value to investors, aligning with the company's growth strategy.
This announcement follows Kronos' recent Letter of Intent (LOI) to acquire Suarez Industries, Inc., a move that aims to boost growth without diluting existing shareholders. The company reaffirms its commitment to transparency and consistent value creation for its stakeholders.
Kronos Advanced Technologies (OTC: KNOS), un leader nella purificazione dell'aria e nelle soluzioni tecnologiche innovative, ha dichiarato un dividendo in contante speciale di $0.00001 per azione per i suoi azionisti. Il dividendo sarà pagabile il 18 dicembre 2024, agli azionisti registrati al 18 settembre 2024. Il CEO Greg Rubin ha sottolineato questo come un passo verso la creazione di valore per gli investitori, in linea con la strategia di crescita della società.
Questo annuncio segue la Lettera di Intenti (LOI) di Kronos per acquisire Suarez Industries, Inc., una mossa che mira a potenziare la crescita senza diluire gli azionisti esistenti. L'azienda riafferma il suo impegno per la trasparenza e la creazione costante di valore per i suoi stakeholder.
Kronos Advanced Technologies (OTC: KNOS), un líder en purificación de aire y soluciones tecnológicas innovadoras, ha declarado un dividendo en efectivo especial de $0.00001 por acción para sus accionistas. El dividendo será pagadero el 18 de diciembre de 2024, a los accionistas registrados hasta el 18 de septiembre de 2024. El CEO Greg Rubin destacó esto como un paso hacia la entrega de valor a los inversores, alineándose con la estrategia de crecimiento de la compañía.
Este anuncio sigue a la Carta de Intención (LOI) de Kronos para adquirir Suarez Industries, Inc., un movimiento que busca impulsar el crecimiento sin diluir a los accionistas existentes. La empresa reafirma su compromiso con la transparencia y la creación constante de valor para sus partes interesadas.
Kronos Advanced Technologies (OTC: KNOS)는 공기 정화 및 혁신적인 기술 솔루션 분야의 선두주자로, 주주를 위해 주당 $0.00001의 특별 현금 배당금을 선언했습니다. 이 배당금은 2024년 12월 18일에 지급될 예정이며, 2024년 9월 18일 기준으로 주주에게 지급됩니다. CEO Greg Rubin은 이를 투자자에게 가치를 제공하는 단계로 강조하며 회사의 성장 전략과 일치하고 있다고 밝혔습니다.
이 발표는 Kronos가 Suarez Industries, Inc. 인수 의향서 (LOI)를 최근 발표한 후 이루어졌으며, 이는 기존 주주의 희석 없이 성장을 촉진하려는 일환입니다. 회사는 이해관계자를 위한 투명성과 지속적인 가치 창출에 대한 의지를 재확인합니다.
Kronos Advanced Technologies (OTC: KNOS), un leader dans la purification de l'air et les solutions technologiques innovantes, a déclaré un dividende en espèces exceptionnel de 0,00001 $ par action pour ses actionnaires. Le dividende sera payable le 18 décembre 2024, aux actionnaires enregistrés au 18 septembre 2024. Le PDG Greg Rubin a souligné cela comme une étape visant à offrir de la valeur aux investisseurs, s'alignant avec la stratégie de croissance de l'entreprise.
Cette annonce fait suite à la lettre d'intention (LOI) de Kronos pour acquérir Suarez Industries, Inc., une initiative qui vise à stimuler la croissance sans diluer les actionnaires existants. L'entreprise réaffirme son engagement envers la transparence et la création de valeur durable pour ses parties prenantes.
Kronos Advanced Technologies (OTC: KNOS), ein führendes Unternehmen in der Luftreinigung und innovativen Technologielösungen, hat eine besondere Bar-Dividende von $0.00001 pro Aktie für seine Aktionäre erklärt. Die Dividende wird am 18. Dezember 2024 an Aktionäre ausgezahlt, die am 18. September 2024 im Aktienregister stehen. CEO Greg Rubin betonte dies als Schritt zur Wertschöpfung für Investoren, im Einklang mit der Wachstumsstrategie des Unternehmens.
Diese Ankündigung erfolgt nach Kronos' Absichtserklärung (LOI) zur Übernahme von Suarez Industries, Inc., einem Schritt, der darauf abzielt, das Wachstum zu fördern, ohne bestehende Aktionäre zu verwässern. Das Unternehmen bekräftigt sein Engagement für Transparenz und konsistente Wertschöpfung für seine Stakeholder.
- Declaration of a cash dividend, signaling confidence in financial stability
- Recent LOI for acquisition of Suarez Industries, potentially boosting growth
- Commitment to non-dilutive growth strategy for existing shareholders
- Extremely low dividend amount of $0.00001 per share, which may be viewed as symbolic rather than substantial
Parkersburg, WV, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Parkersburg, WV - September 3, 2024 - Kronos Advanced Technologies, Inc. (OTC: KNOS), a leading technology company specializing in advanced air purification and innovative technology solutions, announced today that its Board of Directors has declared a cash dividend for its shareholders.
The Board has approved a cash dividend of
Greg Rubin, CEO of Kronos Advanced Technologies, commented on the decision, stating, "This dividend reflects our commitment to delivering value to our shareholders. While the dividend amount is modest, it represents an important step in returning value to our investors, and we look forward to further enhancing shareholder value as we execute on our growth strategy."
Kronos Advanced Technologies is committed to maintaining transparency and delivering consistent value to its shareholders. This dividend announcement marks the latest in a series of strategic decisions aimed at strengthening the company's financial health and supporting its long-term objectives.
As announced recently, Kronos Advanced Technologies entered into a Letter of Intent (LOI) for the purpose of acquiring Suarez Industries, Inc. This acquisition, if successful, will not dilute existing shareholders, ensuring that they continue to benefit from the company’s future growth.
About Suarez Industries
Founded by Ben Suarez in 1968, Suarez Industries has evolved from a mail-order startup into a leader in direct marketing and product innovation. From its modest beginnings, the company achieved profitability by 1973 and saw a
Strategic Partnership with Kronos
Suarez Industries has entered a pivotal phase with a proposed acquisition by Kronos Advanced Technologies. This strategic move is supported by a new agreement with major suppliers, ensuring a steady product supply and enabling Suarez Industries to focus on aggressive advertising and expansion. The partnership aims to significantly boost customer acquisition and re-enter the retail market, positioning Suarez Industries to reach
Future Outlook
With Kronos’s backing, Suarez Industries is set to enhance its market presence, expand internationally, and achieve substantial growth. The acquisition, pending financial and regulatory approvals, is expected to close within the next 90 days.
For more information, visit www.Edenpure.com.
About Kronos Advanced Technologies Inc.
The Company was initially founded in 2002 and funded by the U.S. military to develop electrostatic air movers. Kronos Advanced Technologies Inc. filed about 50 patent applications in the past and had total of 25 issued patents. These patents encompass a range of technologies primarily focused on air movement, filtration, and purification systems. The company, known for its innovations in air movement and filtration technologies, has an extensive patent portfolio that reflects its focus on advanced consumer electronics and medical-grade air purification products. 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 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.
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.
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!
Since our inception in 2002, Kronos Advanced Technologies has been at the forefront of innovation, revolutionizing the way air is moved, filtered, and sterilized. Our patented technology has been instrumental in various sectors, including indoor air quality, automotive, and healthcare.
Kronos Advanced Technologies, Inc. (OTC MARKETS: KNOS) announced in 2023 that the U.S. Food and Drug Administration (FDA) had granted 510(k) clearance to the company’s manufacturer, classifying its Model 5 Air Purifier as a Class II Medical Device. This clearance is a significant achievement, validating Kronos' patented High Voltage Field air disinfection technology, proven to eliminate
With FDA clearance, Kronos can now deploy its medical-grade air purification and air disinfection technology in hospitals, home health-care settings, schools, healthcare facilities, businesses, hotels, and government agencies. This milestone underscores Kronos' commitment to improving Indoor Air Quality (IAQ) and providing healthier and safer air environments.
As we embark on this new chapter with Kronos Advanced Technologies Inc., we remain committed to our mission of enhancing the health and well-being of individuals worldwide. We are proud to be pioneers in accepting cryptocurrencies, including Dogecoin, and Shiba Inu coins as a form of payment for our products, reflecting our dedication to embracing emerging technologies.
Our dedication to customer satisfaction remains unwavering, and we invite you to explore our products and offerings through our online shopping portal and social media channels.
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, West Virginia.
Shopping portal: www.KronosAIR.com
TikTok shop https://www.tiktok.com/@kronosair
Follow KNOS on Twitter: https://twitter.com/kronosati
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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.kronosAIR.com
Disclaimer
This filing 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), 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
Tel: (716)OTC-KNOS (716)682-5667 accepts text messages only
FAQ
What is the amount of the special cash dividend declared by Kronos Advanced Technologies (KNOS)?
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