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Press Release Source: Kronos Advanced Technologies, Inc.
Kronos Completes First Milestone for Air Purification Devices for Medical Institutions Wednesday April 5, 10:51 am ET Product Launch Targeting Facilities in Commonwealth of Independent States (CIS) on Target for Fall 2006
BELMONT, Mass., April 5, 2006 (PRIMEZONE) -- Kronos Advanced Technologies, Inc. (OTC BB:KNOS.OB - News) announced today that its Russian business partner, EOL, LLC, has successfully achieved the first milestone in developing Kronos-based air purification devices for medical facilities and is currently ahead of schedule as EOL manages toward a product launch in the Fall of 2006. EOL has completed the product design and initiated product development. Having completed the electronics and purification arrays in conjunction with Kronos, EOL is positioned to begin product certification by the Russian Research Institute of Medical Equipment for use of the Kronos-based products in medical facilities, the first such certification to be received for the Kronos technology. ADVERTISEMENT
``We are pleased that EOL is working so effectively to get a commercial product to market for the Commonwealth of Independent States' (CIS) medical community,'' said Kronos President and Chief Executive Officer Daniel R. Dwight. ``They expect to have a prototype completed in April and anticipate the commencement of production this Summer.''
The development of the airborne disease fighting product comes amidst rising concerns about poor air quality, increased rates of in-hospital infection and growing worldwide concern about the spread of Avian Flu and its projected impact on business.
Tests conducted by The Disinfection Research Institute Sterilization Laboratory in Moscow found that the Kronos air purification technology achieved 100% decontamination in a room contaminated with strains of airborne bacteria spores (Staphylococcus aureus strain 906 (S. aureus) and Bacillus cereus strain 96 (B. cereus)). Other tests by The Institute for Veterinary Medicine in the Ukraine found that Kronos' technology sterilized and destroyed air contaminated with Anthrax and E.Coli (Bac.anthracis K-79Z and E.coli M-17). According to studies published by the Moscow State Medical University, E.coli and S. aureus. are the leading causes of in-hospital patient infection in Russia with as many as 5% of all admitted patients becoming infected. Based on these findings and additional ongoing testing, the Institute said it believes that the Kronos' devices are capable of sterilizing and destroying air that may be contaminated with other microflora, including Avian (Bird) Flu and Severe Acute Respiratory Syndrome associated corona virus (SARS-CoV).
Dr. Mikhail Shandala, Director of the Disinfection Research Institute Sterilization Laboratory who oversaw the Moscow testing previously noted that the Kronos-based product will help medical organizations fight the spread of in-hospital infection, decrease the length of hospital stays and reduce patient treatment costs.
In January 2006, Kronos licensed its technology to Korolev-based EOL, a Russian Federation corporation, to produce, market, and distribute commercial air purification products, bacteriological and virus destruction devices and space heaters in select CIS states including Russia, Ukraine, Kazakhstan, Moldova and Byelorussia. EOL plans to assemble the finished products in Russia from components supplied both locally and from contract manufacturers in China.
About Kronos Advanced Technologies, Inc.
Through its wholly-owned subsidiary, Kronos Air Technologies, Inc., Kronos Advanced Technologies has developed a new, proprietary air movement and purification system that utilizes state-of-the-art high voltage electronics and electrodes to silently move and clean air without any moving parts. Kronos is actively commercializing its technology for standalone and embedded products across multiple residential, commercial, industrial and military markets. Kronos' technology is versatile, energy- and cost-efficient and exhibits multiple design attributes, creating a broad range of applications. The Company's business strategy includes a combination of building internal capabilities, establishing strategic alliances and structuring licensing arrangements. Kronos Advanced Technologies is located in Belmont, MA. More information about Kronos Advanced Technologies is available at http://www.kronosati.com.
Forward Looking Statements
With the exception of historical information contained in this press release, this press release includes forward-looking statements and comments. Such statements are necessarily subject to risks and uncertainties, some of which are significant in scope and nature beyond the Company's control. Forward-looking statements, by their nature, involve substantial risks and uncertainties. As a result, actual results may differ materially depending on many factors, including those described above. The Company cautions that historical results are not necessarily indicative of the Company's future performance. Other risks are summarized under the caption ``Factors Affecting Kronos' Business and Prospects'' in the Company's Annual Report on Form 10-KSB for the year ended June 30, 2005 as filed with the Securities and Exchange Commission.
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KNOS is a great little stock. I've played it before, with good success. I've had a standing order to buy more of it at 5 for a month, but haven't been able to get any at that low price.... now that it's running, of course I wish I'd been willing to pay a little more. Maybe I can still get in at 6....
Anyway, in the past, KNOS has been pretty predictable -- it falls, it hovers, it falls some more, then it runs like a rocket. The company's product & patents all seem very cool as well, they've got a decent website... They've had problems actually turning a profit, but it's worth checking out. Could be huge one day, so it's a decent gamble for long and short plays.
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GLUV/GVRP/MAMG which set a precedent--apparently (cf KGOC)--for scamsters not delivering on f/s divvies had reduced to 11 shares before the chit hit the fan...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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Oh boy, where is my decoder ring. I'm not neccessarily implying a big conspiracy, I just noticed 2 in particular as being listed via my brokerage at least, to have 11 employees. I haven't checked them all.
I also noticed NNVC took a small hit today after the big 'scam' claim, yet some of the other bird flu-esque stocks did ok.
-------------------- Well done is better than well said. Ben Franklin
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the more I look at this one the more I cant help but see how undervalued it is....just because a big bird flu play has hit the toilet (sttk) doesnt mean bird flu has been eliminated.....this is still a huge problem in the world and these companies providing solutions will run...it is inevitable..
-------------------- ...i am still up thirty thousand from last time I stick it in you... - john malkavich "rounders"
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quote:Originally posted by Brutus2600: I've had orders in for the asking price (sometimes .0005 above even) since it was at 0.064 this morning and haven't been able to get it filled.
Right now it looks stagnant at 0.0689 ask and I can't get an order filled there either. What's going on?
quote:Originally posted by Johnwayne: KNOS does seem to have held it's ground on the day of the bird flu blood bath.
good call. and i have said it ten times already, , but this is just so undervalued that the price almost has to rise and catch up with the others. I'm thinking at least .15 in the near future. JMHO!
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ive heard rumors of another possible pr....i picked up some more when it dipped down to .064....im not missing this one im kicking myself for missing the boat on lwll although i had sttk...
-------------------- ...i am still up thirty thousand from last time I stick it in you... - john malkavich "rounders"
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quote:Originally posted by acemidland: would be real nice but it should get there don't get nervous...people are a bit shook up over sttk...give 'em a day or 2 to get over it
agree. this may not be a flip today. but i will go at some point... (((fingers crossed)))
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