PArkersburg, WV, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Parkersburg, WV – December 19, 2024 - Kronos Advanced Technologies, Inc. (OTC: KNOS) is pleased to announce that the company successfully paid its first special cash dividend on December 18, 2024. Shareholders can expect to begin seeing their dividend payments reflected in their accounts starting today.
This milestone underscores Kronos Advanced Technologies' unwavering commitment to delivering value to its shareholders. By keeping its dividend payment schedule, KNOS demonstrated its dedication to shareholder returns.
"The payment of our cash dividend reflects our confidence in the company’s growth trajectory and our ability to reward the trust of our investors," said Greg Rubin, CEO. "As we continue to innovate and expand, shareholder value remains a top priority for KNOS."
Tax Information
Shareholders are reminded that dividend payments may be considered taxable income in the United States. The specific tax treatment of dividends depends on individual circumstances, including the type of account in which the shares are held (e.g., taxable brokerage accounts, retirement accounts). Kronos Advanced Technologies encourages all shareholders to consult with their tax advisors regarding the tax implications of this dividend payment.
The company thanks its shareholders for their continued support and looks forward to furthering its mission of delivering cutting-edge technologies while ensuring financial reliability and shareholder satisfaction.
About Kronos Advanced Technologies Inc.
The Company was initially 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 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 vary 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 (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 Coronaviruses) 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-world 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.
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 how air is moved, filtered, and sterilized. Our patented technology has been instrumental in various sectors, including indoor air quality, automotive, and healthcare.
As previously announced: Kronos Advanced Technologies, Inc. (OTC MARKETS: KNOS) released news 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 99.9% of harmful airborne particles, including allergens, bacteria, fungi, and viruses like COVID-19.
With the additional FDA clearance for our flagship Model 8 product, Kronos® can now deploy its medical-grade air purification and air disinfection technology in hospitals, home healthcare 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.
Company offices are located in Parkersburg, West Virginia.
Shopping portal: www.KronosAIR.com
Follow KNOS on Twitter: https://twitter.com/kronosair
Follow KNOS on Facebook: https://www.facebook.com/kronosair
Follow KNOS on Instagram: https://www.instagram.com/kronos_air
Follow KNOS on YouTube: https://www.youtube.com/@KronosAdvancedTechnologies
Follow KNOS on Reddit: https://www.reddit.com/user/Kronos_ATI
Follow KNOS on LinkedIn: https://www.linkedin.com/company/kronos-advanced-technologies-inc
Contact us via info@kronosati.co
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.
Health Disclaimer
The information contained in this news release is provided for informational purposes only and should not be construed as medical advice or as a substitute for professional healthcare advice. KRONOS ADVANCED TECHNOLOGIES INC. ("KNOS" or the "Company") does not provide medical advice, diagnosis, or treatment. The products mentioned in this release, including the Kronos Air 5G air purifier and graphene face masks, are designed to improve air quality by capturing and destroying airborne particles, including bacteria and viruses. However, the effectiveness of these products in preventing illness or disease has not been established for all conditions, and individual results may vary. The statements made in this release regarding the potential effectiveness of our products against specific pathogens, such as COVID-19, tuberculosis, and other viral and bacterial infections are based on laboratory tests and real-world applications, including FDA 510(k) Class II medical device clearance. These statements have not been evaluated by the Food and Drug Administration or any other regulatory body and are not intended to diagnose, treat, cure, or prevent any disease. Consumers should consult their healthcare professional before using any air purification or sterilization products, especially if they have any underlying health conditions or concerns. The information provided in this release is not intended to replace the advice of healthcare professionals. If you have any questions or concerns about your health or the use of our products, please consult your physician or another qualified healthcare provider. KRONOS ADVANCED TECHNOLOGIES INC. makes no representations or warranties, express or implied, regarding the efficacy of its products in any specific situation or for any specific individual. The Company does not assume any liability for the use or misuse of the information provided in this release or for any reliance on the information provided. For more detailed information about our products and their intended use, please visit our website at www.KronosAIR.com or contact our customer service team. Your use of our products is subject to our terms and conditions, which can be found on our website.
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 (www.KronosAIR.com), press releases, OTC markets filings, public conference calls, and 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 material. 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) for SMS texts only
