Kronos Adv Tech Stock Price, News & Analysis

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.

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.

Kronos Advanced Technologies (KNOS) announced the integration of ChatGPT into its Shopify-powered online store on March 29, 2023. This AI enhancement aims to revolutionize the e-commerce customer experience by offering personalized shopping assistance, 24/7 customer support, and improved engagement through interactive conversations. The integration is expected to raise conversion rates by guiding customers through purchases and providing product-related information. Moreover, ChatGPT can handle multiple customer queries at once, allowing Kronos to scale its operations efficiently, while also delivering data analytics to refine marketing and product strategies.