KNOS~~Company Description
Kronos Advanced Technologies, Inc. is an application development and licensing
company that has developed and patented technology that fundamentally changes
the way air is moved, filtered and sterilized. Kronos is pursuing
commercialization of its proprietary technology in a limited number of
markets;
and if we are successful, we intend to enter additional markets in the future.
To date, our ability to execute our strategy has been restricted by our limited
amount of capital.
The Kronos(TM) technology combines high voltage electronics and electrodes. By
combining these technologies, a Kronos(TM)-based device can both move and clean
air without any moving parts. Kronos(TM) devices are versatile, energy- and
cost-efficient and capable of multiple design forms. As a result, Kronos(TM)
devices have the potential to be used as a standalone product or to replace a
range of heating, ventilation and air conditioning products for residential
usage to high efficiency particulate air filtration systems for operating and
manufacturing clean rooms.
The proprietary Kronos(TM) technology involves the application of high voltage
management across paired electrical grids to create an ion exchange that moves
and purifies air. Kronos(TM) technology has numerous valuable characteristics.
It moves air and gases at high velocities while removing odors, smoke and
particulates and killing pathogens, including bacteria, mold and spores. The
technology is cost-effective and is more energy efficient than current
alternative fan and filter (including HEPA filter and ultraviolet light based)
technologies. Although no commercial products using the Kronos(TM) technology
have been sold to date, in August 2004, the Company and its strategic consumer
products partner, HoMedics, initiated the transition to mass production of the
Kronos-based consumer standalone product line.
A number of the scientific claims of the Kronos(TM) technology have been tested
by the U. S. government and a few multi-national companies, including the U. S.
Department of Energy, the U. S. Department of Defense, General Dynamics,
Underwriters Laboratory, and Intel. Independent laboratory testing has verified
the purification capability of the Kronos(TM) technology. Tests conducted at
MicroTest Laboratories, LMS Industries and New Hampshire Materials Laboratory
demonstrated HEPA Clean Room Class 1000 quality particulate reduction, removal
of over 99.97% of 0.1 micron and above size particles, and up to 95% reduction
of hazardous gases, including numerous contaminants found in cigarette smoke.
Intertek, one of the global leaders for testing electrical and electronic
products, performed tobacco smoke elimination tests in accordance with ANSI/AHAM
AC-1-1988 standard entitled "American National Standard Method for Measuring
Performance of Portable Household Electric Cord-Connected Room Air Cleaners."
The test demonstrated a Clean Air Delivery Rate (CADR) for the Kronos air
purifier of over 300. These results place the Kronos(TM) device in one of the
highest categories of particulate cleaning for standalone devices.
Kronos` business development strategy is to sell and license the Kronos(TM)
technology to six distinct market segments: (1) air movement and purification
(residential, health care, hospitality, and commercial facilities); (2) air
purification for unique spaces (cleanrooms, airplanes, automotive, and cruise
ships); (3) specialized military (naval vessels, closed vehicles and mobile
facilities); (4) embedded cooling and cleaning (electronic devices and medical
equipment); (5) industrial scrubbing (produce storage and diesel and other
emissions); and (6) hazardous gas destruction (incineration and chemical
facilities).
Kronos` focus is on the first four of these market segments which are described
in more detail below. Kronos is currently developing products for the air
movement and purification, air purification for unique spaces, and specialized
military markets through specific customer contracts. Kronos is currently
undertaking research and development in the embedded micro cooling market using
Company funds and a third party grant. These contracts and grant are described
in more detail in the Technology Application and Product Development section of
this filing.
o Air Movement and Purification. Indoor air pollution, including "sick building
syndrome" and "building related illness," is primarily caused by inadequate
ventilation, chemical contaminants from indoor and outdoor sources and
biological contaminants. There is also a demand for smaller devices that move,
heat and deodorize the indoor air stream. The addressable air movement and
purification segment is made up of four target markets: (1) residential, (2)
health care, (3) hospitality and (4) commercial.
o Air Purification for Unique Spaces. Electronics, semiconductor,
pharmaceutical, aerospace, medical and many other producers depend on cleanroom
technology. As products such as electronic devices become smaller, the chance of
contamination in manufacturing becomes higher. For pharmaceutical companies,
clean, safe and contaminant-free products are imperative to manufacturing and
distributing a viable product. Other potential applications for the Kronos(TM)
technology include closed environments such as aircraft, cruise ships and other
transportation modes that require people to breathe contaminated, re-circulated
air for extended periods. Kronos is building on its product development effort
with its strategic partner in the business jet market and the U.S. military to
serve other closed environment applications.
o Specialized Military. Military personnel face the worst of all possible
worlds: indoor air pollution, often in very confined spaces for extended
periods, combined with the threat of biological warfare, nuclear fallout, and
other foreign elements. We believe that the military market segment offers
Kronos a unique opportunity to leverage the technical and funding resources of
the U. S. military to expand Kronos` ability to develop and produce
Kronos(TM)-based air movers and purifiers for applications that require these
products to be embedded into ventilation systems to address the needs of
military personnel.
o Embedded Cooling. Heat generation is becoming a major bottleneck in high
density electronics. We believe that the embedded cooling market segment offers
Kronos a near term opportunity to develop an alternative to fans for air
movement and cooling inside of personal computers , servers and medical
diagnostic equipment and a long term opportunity to develop micro channel
cooling solutions for next generation microchips.
To best serve Kronos` targeted market segments, our Company is developing
specific product applications across two distinct product application platforms.
A Kronos(TM) device can be either used as a standalone product or can be
embedded. Standalone products are self-contained and only require the user to
plug the Kronos(TM) device into a wall outlet to obtain air filtration for their
home, office or hotel room. Embedded applications of the Kronos(TM) technology
require the technology be added into another system such as a building
ventilation system for more efficient air movement and filtration or into an
electrical device such as computer or medical equipment to replace the cooling
fan.
---------------
Our principal place of business is located at 464 Common Street, Suite 301,
Belmont, Massachusetts 02478. Our telephone number is (617)993-9965.
www.kronosati.com
