KRONOS ADVANCED TECHNOLOGIES, INC. Board of Directors Letter
March 10, 2020
To the Shareholders of Kronos Advanced Technologies, Inc.:
The Board of Directors is pleased to report on the current status of Kronos Advanced Technologies (OTC: KNOS) and to personally thank all shareholders for their continuing support of our efforts to build a successful company. As the Kronos Management Team looks ahead to impact the expansion of our resources, product claims platform and intellectual property we become more energized and excited about Kronos' future.
Before commenting further on the status of Kronos, we are pleased to report that the Company is committed to manufacturing and continued development to bring new Kronos air sterilization technology based products -to market. The current worldwide spread of Coronavirus has become a catalyst for critical strategic changes in the Company, changes we believe - will have a profoundly positive impact on our business going forward.
This is also a new beginning for a more active public investor relations process that Kronos is implementing to not only keep our shareholders current on recent developments but to provide more transparency of the Company where it can more accurately and adequately be discussed in public forums.
Kronos is actively seeking out additional venues for promoting our proprietary technology and products.
When we began commercializing the Kronos technology years ago, the plan was that Kronos would develop and provide the technology and our partners would develop the products, as well as the manufacturing, marketing and distribution channels. However, our past experience has taught us that it is far more effective and ultimately necessary -- that Kronos become an integral part of both the application and product development process. This realization translates directly to Kronos' need to become both an application development and IP licensing company.
As an application development company, Kronos is changing how we operate and the skills we need to succeed. As a result of recent corporate changes, Kronos has repositioned the business to take a more active leadership role in the application and product development process.
Our new Application and Product Development Team is now led by Dr. Gorobets and COO Julius Toth. We believe the skill base of this Team better positions the Company to apply the Kronos technology directly to the design, development and assembly of Kronos products. A key component of the Kronos technology is the electronics used to generate and manage the high voltage field, to ensure the safety of the product and to allow the user to maximize the air movement, filtration and sterilization capability of the Kronos technology.
We have not changed our belief that one of the most significant drivers of building a successful business is the ability to establish relationships with key strategic partners; partners who have the vision, financial resources, and product development, marketing, sales and distribution capabilities to integrate the Kronos technology into products that can be mass marketed. Although we continue pursuing a wide variety of new partnership opportunities, we recognize that with each partnership, Kronos will need to play a more integrated role in the application and product development process. We believe that Kronos' technology holds the potential for a virtually limitless number of applications through both its standalone and embedded product platforms.
We believe that the potential for the Kronos technology to be used as a standalone air purifier will be magnified by the ability of Kronos to demonstrate that our air purification products have a higher cleaning efficiency than other products on the market today. For example, while our competitors claim a collecting efficiency for small particles of about 0.3 micron which is about 60% for their consumers using their air purification technology, Kronos' collecting efficiency for 0.3 micron size particles is greater than 99.98% (based on independent laboratory testing by LMS Technologies, Inc.).
Along with better collecting efficiency, Kronos also provides the ability to destroy biohazards, bacteria and viruses. Our strategy is to exploit the robustness of the Kronos technology to improve Indoor Air Quality (IAQ) through the development of Kronos-based air purification products in conjunction with key strategic partners.
Consumer Products: We believe that Kronos' standalone product platform is coming closer to fulfilling its potential to revolutionize the residential air movement and purification market. The Indoor Air Quality market is growing at a tremendous rate. Recent ResearchAndMarkets.com report indicated that Global Indoor Air Quality Solutions Market to Generate a Value of USD 9.54 Billion by 2024.
Over the past several months, our efforts have resulted in the completion of a rebranding the company. In the near future Kronos is seeking to leverage its consumer product development experience to manufacture and sell a commercial line of standalone air purifiers. This commercial line of Kronos-based air purifiers will seek to address the specific air quality issues, including odors, bacteria and viruses, found in most nursing homes and assisted living, healthcare and other commercial facilities worldwide.
Embedded Product Platform
We believe that the potential for Kronos patented technology to be incorporated into other products - making those products better, more efficient and more effective -is vast. Kronos embedded patented applications platform offers an unmatched range of opportunities from commercial and residential air movement and filtration products to military applications on ships and submarines to transportation, products including airplanes and automobiles, to cooling microprocessors.
Residential and Commercial Products: To exploit the Kronos technology in the embedded commercial and residential marketplace, Kronos strategy is twofold: (i) actively seek one or more strategic partners to develop, manufacture and market embedded air purifiers and (ii) design and develop larger size devices for customer testing and evaluation
In order to effectively market and distribute the Kronos technology to the embedded commercial and residential markets, Kronos is planning to initiate discussions with various suppliers of commercial, industrial and residential air movement and filtration products to license our Companys unique patented technology. These suppliers tend to be large multi-national companies with global product development and production, marketing, sales and/or distribution capability.
We believe that the Kronos technology offers distinct advantages over the current products being used to serve the commercial and residential air filtration markets. In the residential market, Kronos offers a variety of application solutions as an alternative to traditional air movement and filtration devices.
In the commercial market, Kronos technology can provide better than HEPA level filtration without some of the significant drawbacks of current HEPA filtration systems. HEPA filters require high levels of air pressure in order to force air through the filtration mechanism. This means using large fans that produce noise as well as consume large quantities of energy. Conversely, Kronos technology generates air flow and contributes positive pressure, thereby reducing the energy load on the air handling system and enabling building filtration without modifying the existing HVAC system. HEPA filters also create a condensed biohazard through the accumulation of live particles on the filtration medium; Kronos technology eliminates these biohazards.
We believe these market advantages will bring Kronos-based devices to market due to (i) existing commercial, residential and industrial facilities that cannot install HEPA filtration because the facilities do not meet the static pressure requirements from their fan-based air handling systems; (ii) existing and new facilities that are seeking the added benefit of biohazard protection; and (iii) facilities that seek improved energy efficiency.
In order to fully demonstrate the Kronos technology in larger scale applications, Kronos will design and build commercial size devices. These devices will be built to successfully meet the HVAC industry's ASHRAE 52.2 new testing standard for filtration. Because Kronos has successfully tested its smaller standalone product under ASHRAE 52.2 testing standards, we expect similar success with our new commercial size devices to be manufactured in the future.
A future potential commercial line of Kronos-based air sterilizers and purifiers will attempt to address the specific air quality issues, including pollutants, dust, bacteria and viruses found in enclosed spaces occupied by multiple people for extended periods of time, while providing more efficient air movement within unique space constraints.
Product Claims Platform
As the awareness of Indoor Air Quality (IAQ) continues to grow and people become more aware that the hazards of poor IAQ goes beyond just dust particles, Kronos is seeking to establish an industry leadership position in setting the standard for biohazard, bacteria and virus removal from the air stream we breath. Led by Dr. Vladimir Gorobets, our Technical Advisor, Kronos is obtaining further verification of our product claims platform through university, government, commercial and other independent testing sources.
Previously, independent laboratory testing has verified the filtration and sterilization capability of the Kronos technology.
Filtration Testing Results:
o LMS Industries - removal of over 99.97% of 0.1 micron and above size
particles using HVAC industry's ASHRAE 52.2 testing standard for
filtration.
o MicroTest Laboratories - HEPA Clean Room Class 1000 quality particulate
reduction.
o Intertek - tobacco smoke elimination tests, which demonstrated a Clean
Air Delivery Rate (CADR) for the Kronos air purifier of over 300 for
the larger size Kronos air purifier and 80 for the smaller size using
consumer filtration testing standards for the Association of Home
Appliance Manufacturers (AHAM).
Sterilization Testing Results:
o New Hampshire Materials Laboratory - up to 95% reduction of hazardous
gases, including numerous contaminants found in cigarette smoke.
o Battelle PNNL - 95% destruction of Bg (anthrax simulant).
o Dr. Sergey Stoylar, a bacteriologist from the American Bacteriological
Society - 100% destruction of Bacillus subtilis 168 (bacteria simulant)
at air velocities up to 725 feet per minute.
Along with increased IAQ awareness is an increase in the consumer's understanding of effective and ineffective air purifiers and some of the potentially harmful side effects of some of these products sold in the market today. For example, highlighted in the latest 2020 Consumer Reports, ionizing air cleaners could expose users to lung-damaging levels of ozone, a normal bi-product of ion based electrostatic air filters. Kronos has demonstrated the ability to minimize the production of ozone to safe levels acceptable to the most stringent requirements of the Environmental Protection Agency and in accordance with Underwriters Laboratory standards. Kronos' innovative solution for generating highly dense ion production necessary to move and purify large volumes of air while ensuring a limited ozone concentration is well within the "Good" range (as defined by the EPA) and creates a distinct competitive advantage for Kronos air purifiers.
Intellectual Property
Under the leadership of our Senior Technology Adviser, Dr.Vladimir Gorobets, Kronos continues to seek out innovative ways to improve on the core Kronos technology, as well as new and innovative applications for our proprietary technology. This effort includes filing of new patent applications. He was employed as a Senior Engineer with Kronos from 2000 to 2008 and was the lead inventor and responsible for the majority of Companys issued patents. His IP portfolio includes 41 patents and publications, including 12 US patents and 22 International patents.
2020 Outlook
We firmly believe that Kronos is well positioned for future growth. We will raise capital to meet our development needs. We are actively seeking to expand in other markets, find new partners with this vision, add resources and capabilities to integrate Kronos technology into viable products, with a particular focus on residential and commercial air filtration and on partnerships with the long term vision to integrate Kronos technology into products with longer product development life cycles (e.g., aviation, automotive and information technology). We believe that combining these partners' skills with our recent expansion of our own application and product development resources, product claims platform and intellectual property position has better positioned our Company to succeed in bringing Kronos-based air movement, filtration and sterilization products to market.
As a result, the recently expanded Kronos Team is more excited than ever about the Company's prospects for generating sustainable revenue growth and our ability to bring value to our stockholders. Again, thank you for your continued support of Kronos Advanced Technologies and we look forward to seeing our shareholders at Kronos next Annual Meeting.
Best regards,
Dr. V. Abramov -Chairman of the Board
Michael Rubinov Director Bus. Dev
Julius Toth COO
Dr. Vladimir Gorobets- Senior Technical Advisor
Contact us via: info@kronosati.co or visit www.kronosati.co
Your complaints are just unsubstantiated. There are so many other fake stocks to trade with while this is the real deal,imo Good luck to you and have another Long island.KNOS$$__$$$$
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