CORRECTION: KRONOS ADVANCED TECHNOLOGIES COMPLIES WITH OTC MARKETS GUIDELINES FILING REQUIRED DISCLOSURES AS WELL AS FINANCIAL STATEMENTS FOR YEARS ENDING JUNE 30, 2018 AND 2019
Press Release | 11/15/2019
Los Angeles, California (OTCMARKETS November 14, 2019) KRONOS ADVANCED TECHNOLOGIES, Inc (OTC:KNOS) (“KNOS” or the “Company”) a product development and production company that has significantly changed the way air is moved filtered and sterilized focusing on developing, marketing and selling the Company’s air movement and purification technology products announced today that it has filed its annual financial statements for the fiscal years ending June 30 2018 and 2019. The Company is now compliant with SEC Rule 15c2-11 and OTC Markets guidelines regarding Yield status. However, the company is in the process of achieving the Current status, which will occur once the Companys SEC counsel provides an opinion confirming that these guidelines have been fully met.
Marc Kloner, Companys CEO and Director stated: Since I became Director in Kronos more than a decade ago we have gone through some difficult years, but now I am fully determined to take the Company to the next level with new projects, new technologies and new products. We invite shareholders and potential investors to communicate with us by emailing to [email protected] or visit our website www.Kronosati.co
ABOUT KRONOS ADVANCED TECHNOLOGIES, Inc
Kronos Advanced Technologies, Inc. began operations in 2002 as a product development and production company that significantly changed the way air is moved, filtered and sterilized. Historically, Kronos 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 process without the use of traditional mechanical fans and filters. Kronos-based products move air silently, filter and purify the air, and reduce energy consumption. Kronos devices can be variable in shape or size and, therefore, have the potential to be scaled down in size for the cooling of microchips or scaled up in size for industrial and hazardous gas destruction. The technology is currently being implemented in standalone products to move and filter air replacing HEPA and other filtration systems. There are a broad range of additional markets for standalone and embedded Kronos devices. Examples of immediate addressable markets include health care facilities, operating rooms, manufacturing clean rooms and cabins of automobiles and commercial aircraft.
Currently the Company is revisiting its business plan and planning to enter into new market segments but will continue to market air purifiers and other consumer products.
Contact us via: [email protected] or visit www.kronosati.co
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Forward 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 Securities and Exchange Commission located at their website (http://www.sec.gov). 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 Companys ability to raise capital on acceptable terms, if at all, the Companys successful development of its products and the integration into its existing products and the commercial acceptance of the Companys 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
For inquiries: 323-680-4772