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Kronos Advanced Technologies Announces Closing Of Acquisition Of Its First Manufacturing Facility In West Virginia, Expanding Hi-Tech Air Purification Production Capabilities

Apr 27, 2022over 3 years ago

Acquiring Company

Kronos Advanced Technologies

Acquired Company

MANUFACTURING FACILITY IN WEST VIRGINIA

OaklandManufacturingInternet ServicesCorporate Training

Description

Kronos Advanced Technologies, Inc., (OTC: KNOS), revenue-generating product development and production company that has significantly changed the way indoor air is filtered and disinfected, today announced its financial closing on the acquisition of an 85,000 square-foot manufacturing campus located in Parkersburg, West Virginia. As previously announced, the facility, which for the past 25 years designed and produced advanced electronics containing high-density circuit boards for aviation, military, industrial, and medical products, will be modified to produce advanced air purification devices and other wellness products based on Kronos' Disease-Free living concept.

Company Information

Company

Kronos Advanced Technologies

About

Kronos is focused on next-generation wellness consumer electronics products and PPE solutions. The Company was 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 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 by the passing of air through our patented technology. In addition, there are broad ranges of additional markets for standalone and embedded Kronos CORE technology-based devices. Immediately addressable markets are schools, universities, healthcare facilities, operating rooms, manufacturing clean rooms, automobiles, and commercial aircraft cabins. The Company supports KronosFoundation.org, which encourages people to make positive change while it helps others to breathe safe air by donating air purifiers locally and nationwide through campaigns that make an impact. 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 destroying various types of microorganisms (including Corona Viruses) 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 word environmental settings, including hospital facilities both with and without the presence of people. BusinessWeek called Kronos air purifiers "VIRUS KILLER" in 2005. Kronos was the first publicly traded Company that accepted Dogecoin as a form of payment for its products, as well as other cryptocurrencies. Recently, the Company filed for a utility 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. All Kronos products come with Kronos Promise TM -Your Satisfaction is Guaranteed! Company Corporate offices are located in Parkersburg, WV. Shopping portal: https://www.1800safeair.com Follow KNOS on Twitter: https://twitter.com/kronosati Follow KNOS on Facebook: https://www.facebook.com/kronosati Follow KNOS on Instagram: https://www.instagram.com/kronos_ati/ Follow KNOS on Youtube: https://www.youtube.com/c/KronosAdvancedTechnologies Follow KNOS on Reddit: https://www.reddit.com/user/Kronos_ATI Follow KNOS on LinkedIn: https://www.linkedin.com/company/kronos-advanced-techngologies-inc Contact us via info@kronosati.co or visit https://www.kronosati.co or https://www.1800SafeAIR.com

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed