Welcome to our dedicated page for Kronos Adv Tech news (Ticker: KNOS), a resource for investors and traders seeking the latest updates and insights on Kronos Adv Tech stock.
Kronos Advanced Technologies, Inc. develops and commercializes health, wellness, air-quality, dental imaging, and advanced energy technologies through product lines and subsidiaries. Company news commonly covers Kronos air purification and air disinfection products, including FDA-cleared purifier models, reusable-filter technology, and graphene face masks for indoor and outdoor air-quality applications.
Updates also focus on controlled subsidiary Zyppah, Inc., a consumer sleep and wellness business with patented, FDA-cleared snoring and sleep-related solutions sold through direct-to-consumer digital channels and online marketplaces. Other recurring themes include KronosMD’s S-WAVE radiation-free intraoral ultrasound imaging platform, Atomiq’s nuclear battery technology and patent portfolio, subsidiary ownership matters, product commercialization plans, and shareholder capital actions such as special dividends.
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 Inc. (OTC: KNOS) has announced a non-binding Letter of Intent to acquire Suarez Industries and its affiliated companies for a potential total consideration of $25 million. This strategic acquisition aims to revitalize Suarez Industries, a well-established direct marketing company, by combining strengths with Kronos, a leader in advanced air purification and innovative technology solutions. The move is expected to drive substantial growth for both entities in the coming years, marking a pivotal moment in their respective trajectories. The acquisition aligns with Kronos' strategy to expand its market presence and leverage Suarez's expertise in data-marketing and direct-to-consumer marketing.
Kronos Advanced Technologies (OTC: KNOS) has announced that DogeSPAC units are now eligible for removal of restricted legend from their certificates. This development comes after the required holding period has elapsed, allowing for potential increased liquidity for shareholders. DogeSPAC , spun off from Kronos in 2021, distributed units to Kronos shareholders at a 1:1 ratio based on shares held as of June 15, 2021. Kronos retains a 20% ownership in DogeSPAC
The company is considering merging DogeSPAC with an existing public company or converting the interests into crypto interests for trading on a decentralized exchange. The blockchain platform for this potential conversion is yet to be decided. Additionally, Kronos has resumed accepting Dogecoin as payment for its products.
Kronos Advanced Technologies Inc. (OTC: KNOS) and Yasheng Group (OTC: HERB) have announced a strategic collaboration to develop and patent a revolutionary small nuclear battery with a lifespan of up to 50 years. This groundbreaking technology aims to address critical energy storage needs in various sectors, including remote sensing, space exploration, medical devices, and military applications.
The agreement outlines that Yasheng Group will file the patent in China, while Kronos will handle North American filings. Each company will cover filing costs in their respective regions. The collaboration includes a 10% royalty sharing arrangement for earnings in each other's territories, potentially creating a significant revenue stream for both companies.
Kronos Advanced Technologies Inc (OTC: KNOS) has announced the prelaunch of its official e-commerce store, KronosAIR, on TikTok. This strategic move aims to leverage TikTok's massive popularity in the United States, with over 150 million active users. Kronos joins major companies like Starbucks, Disney, and HubSpot in integrating TikTok into their marketing and sales strategies.
The TikTok store will feature Kronos' FDA-approved air purifiers and other advanced technology solutions, allowing customers to purchase directly through the app. In an innovative approach, Kronos is offering product owners the opportunity to become micro-influencers, setting up their own TikTok stores to promote Kronos products and earn income.
This initiative taps into TikTok's projected $17.5 billion U.S. commerce sales for 2024 and the platform's success in the beauty and health categories, which account for 81% of TikTok Shop sales in the U.S.
Kronos Advanced Technologies Inc. (OTC: KNOS) has issued a warning to consumers, urging them to use only FDA-cleared air purifiers at home and in offices. This advisory comes amid growing concerns about the safety and effectiveness of non-FDA-cleared air purification products. KNOS, a leading innovator in air purification technology, emphasizes the importance of verifying FDA clearance status for air purifiers to ensure a healthy indoor environment.
The company offers a range of FDA-cleared air purifiers, including the popular Model 5 and Model 8, which use patented Kronos® CORE air disinfection technology. These devices can remove contaminants down to 14.6 nanometers, 20 times smaller than HEPA filters. The Model 5, suitable for rooms up to 1400 sq. ft., is currently on sale for $549, while the Model 8, ideal for spaces up to 3000 sq. ft., is priced at $949.
Kronos Advanced Technologies announced that its Model 8 air purifier has received FDA 510(k) clearance as a Class II Medical Device, following the clearance of its Model 5 in 2023. The Model 8 uses patented Kronos® CORE technology to eliminate 99.9% of harmful airborne particles, including viruses like COVID-19. This clearance allows deployment in healthcare settings, homes, schools, and businesses. The global air purifier market is projected to grow from $15.94 billion in 2023 to $25.58 billion by 2030. Kronos' purifiers have a significant market advantage, removing particles 20 times smaller than HEPA filters. Prices for the Model 5 and Model 8 are currently $549 and $949, respectively.
Kronos Advanced Technologies (OTC: KNOS) has announced the acceptance of Shiba Inu (SHIB) cryptocurrency as a payment method for their air purifiers, making them the first public company to embrace SHIB. This move aims to provide a seamless and secure transaction experience for customers, reflecting the company's commitment to technological advancements and customer satisfaction. As of 2024, there are approximately 1.38 million SHIB wallet holders. Kronos is offering a 10% discount for a time to customers who choose to pay with SHIB, enhancing value and experience. CEO Greg Rubin expressed excitement about this partnership, which is expected to solidify Kronos' position as a leader in the air purification industry.
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KronosMD, a subsidiary of Kronos Advanced Technologies (OTC: KNOS), announced the filing of a provisional patent application for an innovative teeth whitening technology utilizing ultrasound. This non-invasive method aims to enhance the teeth whitening process by safely penetrating enamel and dentin to remove stains without damaging teeth or gums. The global teeth whitening market is projected to reach $6.9 billion with a growth rate of 6.7% from 2021 to 2028, indicating significant market potential for KronosMD's technology. The company plans to protect its intellectual property while expanding its portfolio, which includes over 20 provisional patents and granted patents in dental imaging and ultrasound products.