Skip to main content

KRONOS ADVANCED TECHNOLOGIES ADDS INDUSTRY HEAVYWEIGHT, FORMER AMWAY COO TO ITS BOARD OF ADVISORS

Los Angeles, CA, Sept. 30, 2020 (GLOBE NEWSWIRE) — Los Angeles, CA, September 30, 2020 (GLOBE NEWSWIRE) — KRONOS ADVANCED TECHNOLOGIES, INC., (OTC MARKETS: KNOS) (“KNOS” or the “Company”), a revenue-generating, product development and production company that has significantly changed the way air is moved, filtered and sterilized today announced that Amway’s former COO, William “Bill” Nicholson has agreed to provide valuable strategic advisory services to management. Mr. Nicholson will leverage his skills and expertise to provide guidance and direction to the company’s executive team through its continued growth and development as an air purification and disinfection industry leader. He brings with him years of experience with a strong background in the management of business operations, growth and profitability.         William Nicholson, brought aboard through our current board of advisors Kevin Harrington and Steve Mandell, previously served as  Appointments  Secretary to President Gerald R. Ford and was a key player at the Amway headquarters beginning in 1984. He oversaw the introduction of many of AMWAY’s then new products and services. William Nicholson commenced an eight-year stint as COO of Amway Corporation during which time he oversaw revenues grow from under $1 billion to over $6 billion up to 1992. Since 1992, Mr. Nicholson continued his entrepreneurial successes in a variety of industries.         The appointment of Bill Nicholson builds on the company’s broader growth strategy, following the completion of the acquisition of the electronics manufacturing facility planned before the end of the year.          “Kronos has an outstanding team and Mr. Nicholson’s role represents significant progress for the company as they evolve from a small technology company into a truly national leader of indoor air quality management solutions, services and unique patented air purification products,” says Kevin Harrington, Adviser to Kronos. As a world class business leader, Mr. Nicholson is one of the finest individuals to add to the Kronos team to further scale the Kronos Products on a global basis,” says Steve Mandell, Advisor to Kronos.          “I am familiar with Kronos technology having closely followed the Company for many years as a witness to the rapid progress the company has made in revolutionizing the air purification industry by eliminating the need for the half century old HERA filtration technology. That technology became obsolete when utilizing Kronos’ innovative cold plasma, filterless technology,” said Mr. Nicholson. “This is perfect time for Kronos and I am very excited to work with their incredible management adding my decades of air purification sales and marketing experience to the team.”            As Covid-19 disrupts global supply chains, American manufacturers are seeking out ways to restructure national supply chains and search for new manufacturing practices.Harvard Business review recently reported that Companies in the United States, Canada, Europe, and Australia have been hit with supply chain shocks as the flow of materials from China was disrupted by the pandemic. CEOs are confidentially asking their supply chain teams to develop additional sources that are completely independent of China. In addition, in the United States there is pressure from employees who are wary of traveling to China, from customers who are concerned (rationally or not) about the safety of foods and other items from that country, from investors who worry greatly about over-dependence on any one country, and increasingly from politicians as well as State Department leaders who want companies to rapidly decouple from China.In this regard, Mr. Nicholson brings extensive experience in both executive leadership and the scaling of global operations to the KNOS Board of Advisors.About Kronos Advanced Technologies, Inc.Kronos Advanced Technologies, Inc. began operations in 2002 as a product development company that invented and significantly changed the way 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 be variable 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.            Recently, the Company filed for a provisional patent involving an innovative protective face mask with antimicrobial and anti-cellphone radiation protection features. 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. Company offices are located in Los Angeles, California.Shopping portal: https://www.1800safeair.comFollow KNOS on Twitter: https://twitter.com/kronosatiFollow KNOS on Facebook: https://www.facebook.com/kronosatiFollow KNOS on Instagram: https://www.instagram.com/kronos_ati/Follow KNOS on Youtube: https://www.youtube.com/channel/UCdtrQDt1R26Ulh8v-S-EpJgContact us via: info@kronosati.co or visit https://www.kronosati.co or https://www.1800SAFEAIR.comForward-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 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, IncPhone inquiries: 1-800-SAFE-AIR     (option #4)

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.