KRONOS ADVANCED TECHNOLOGIES INC ACQUIRES MAJORITY INTEREST IN ZYPPAH INC
Kronos Advanced Technologies (KNOS) has acquired the majority shares of Zyppah Inc, a top developer of anti-snoring devices, to enhance its air purification product line. This strategic acquisition positions KNOS to serve over 90 million adults affected by sleep disorders in the U.S.
Zyppah's patented mouthpiece boasts a 91% success rate in clinical studies, significantly higher than competitors. The merger aligns with Kronos's mission to improve the human condition and potentially triples KNOS's revenue in the upcoming fiscal quarter.
- Acquisition of Zyppah Inc enhances KNOS's market position in sleep apnea solutions.
- Zyppah's mouthpiece has a proven 91% success rate, outperforming competitors.
- The acquisition is expected to triple revenues for KNOS in the next fiscal quarter.
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Acquiring the leading developer of sleep apnea and snoring solutions allows KNOS to potentially improve the quality of life for more than 90 million adults affected by snoring in the USA.
Parkersburg, WV, Oct. 05, 2021 (GLOBE NEWSWIRE) -- October 5, 2021 - KRONOS ADVANCED TECHNOLOGIES, INC., (OTC MARKETS: KNOS) ("KNOS" or the "Company"), an innovation-driven product development and production company that has significantly changed the way air is moved, filtered and sterilized announced today that the Company acquired the majority of shares of Zyppah Inc -the #1 marketed anti-snoring device manufacturer that has been granted the necessary clearances by the FDA for OTC (over-the-counter) distribution.
Zyppah, Inc. ("Happy Z "spelled backwards) was created by the preeminent U.S. expert on snoring and sleep apnea, Dr. Jonathan Greenburg, DDS.
Zyppah® is a patented, clinically proven, and FDA-cleared mouthpiece that is the only one that works in 2 unique ways. Primarily by advancing the lower jaw and, secondarily, utilizing a patented "seat belt for the tongue" to keep it from blocking the airways. This combination produced an impressive
Zyppah Inc is focused on the development, manufacturing, and commercialization of non-invasive oral, dental appliances and solutions that aid in the diagnosis of sleep disorders. The Company pioneered the Zyppah® Home anti-snoring device and provides sleep apnea appliances and training programs for patients, physicians, including dentists. The Zyppah® device is FDA-cleared and is the leading solution for snoring treatment as a safe and effective method.
Zyppah® has also shown to be the only snoring product that worked when highlighted on the NBC Nightly News with Lester Holt.
Zyppah® is the consumer-packaged goods arm of a family of companies that address these issues. Five Snore Expert Centers in California provide customized diagnoses and treatments. Sleep Certified is a national referral program that connects consumers with dentists who are trained specifically for snoring and sleep apnea treatment through Sleep Certified continuing education programs.
For more information, please visit https://www.zyppah.com/
The Kronos Mission Statement underscores, "To be a customer-centric company, providing products with the highest recognized aesthetics, value, and quality, focused on improving the human condition: the air we breathe, the water we drink, the food we eat, and the living space we occupy. "The Zyppah acquisition fits perfectly into our corporate mission. What better improvement in the human condition which you can do than to positively affect the discomfort associated with sleep apnea and related snoring. This will not only improve the air you breathe but will also enhance the space you occupy.
I look forward to impacting the manufacturing of this product and the design and manufacturing of new products within this niche", said Joseph Florence, KNOS' COO and CTO.
This strategic acquisition is a synergistic move consistent with Kronos's commitment to air purification. Recent research has shown that air purifiers may help to relieve sleep apnea symptoms. Sleep apnea is a potentially serious sleep disorder in which breathing repeatedly stops and starts. If you or your loved ones snore loudly and feel tired, even after a whole night's sleep, you might have sleep apnea. The American Sleep Association website provides a wealth of information about the relationship between Sleep Apnea and Indoor Air Quality.
Scientists have long speculated that a possible connection between sleep apnea and air quality exists in general, with studies over the last decade starting to explore this issue. Air pollution, both outdoor and indoor, has been proven to have a negative effect on the overall health of all age groups. Studies now indicate that pollution affects sleep negatively as well.
Sleep Apnea and Air Pollution
Scientific research beginning in the early 2010s began to establish a verifiable connection between air pollution in general and sleep-disordered breathing, including sleep apnea. As many as
"We are excited to become a part of Kronos Advanced Technologies, a leader in advanced air purification technologies. The combination of Zyppah® technology and air purifiers provides perfect solutions for sleep apnea and will add to our visionary mission of a disease-free living environment," said Dr. Jonathan Greenburg, President and Chief Executive Officer of Zyppah Inc.
"We believe this acquisition is in the best interest of KNOS' shareholders for many reasons, including more than tripling our revenues in our first quarter of this fiscal year," said Michael Rubinov, KNOS' President.
Kronos supports the health community's work to keep people safe and informed during the coronavirus crisis and beyond. We are working to address 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
This Space-age Technology allows Model 3 to actively collect particles six times smaller than other air purifiers!
Kronos® three layers of Washable Filters equate to zero dollars in maintenance cost while eliminating up to
MODEL 5 (MSRP
MODEL 8 (MSRP
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 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
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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.
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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.
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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)
FAQ
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