Los Angeles, CA , Aug. 08, 2024 (GLOBE NEWSWIRE) — Los Angeles, August 8, 2024 — Kronos Advanced Technologies, Inc. (OTC: KNOS) is pleased to announce
Kronos Advanced Technologies resumes accepting Doge Coin as payments for products.
Los Angeles, CA , Aug. 08, 2024 (GLOBE NEWSWIRE) — Los Angeles, August 8, 2024 — Kronos Advanced Technologies, Inc. (OTC: KNOS) is pleased to announce that the interests in DogeSPAC LLC, a previously spun-off entity, are now eligible for removal of restricted legend from their unit certificates. This significant milestone comes after the required holding period has elapsed in accordance with SEC rules.
Effective immediately, Broker Dealers’ Clearing Houses holding DogeSPAC LLC certificates for their clients may request the removal of any restriction legends. This development marks a pivotal moment for our shareholders, enhancing the potential for liquidity and providing greater flexibility in managing their investments should a market develop for DogeSPAC LLC units.
DogeSPAC LLC was spun-off from Kronos, as announced on June 22, 2021. Kronos distributed DogeSPAC LLC units to its shareholders on August 25, 2021, with each shareholder receiving one unit per share held as of the record date of June 15, 2021. Kronos retains a 20% ownership stake in DogeSPAC LLC. The minority owners of DogeSPAC LLC have now met the necessary requirements for this free trading status, signifying compliance with all relevant SEC regulations. Currently the units of DogeSPAC LLC are not listed nor do they trade on any market.
DogeSPAC LLC is considering merging with an existing public company and/or allowing the LLC interests to be converted into crypto LLC interests for trading on a decentralized exchange. The final decision regarding which blockchain—whether Solana, Binance, or Ethereum—will be made soon. DogeSPAC LLC owners are encouraged to make recommendations as to which blockchain they would prefer to see their LLC interests held.
For more information and updates on this development, please visit www.DogeSPAC.com
For further inquiries, please contact:
Investor Relations
DogeSPAC LLC/ Kronos Advanced Technologies Inc
Phone: (680)STOCK-TA (680)786-2582 accepts text messages only
Email: info@DogeSPAC.com
About Kronos Advanced Technologies Inc.
The Company was initially founded in 2002 and funded by the U.S. military to develop electrostatic air movers. Kronos Advanced Technologies Inc. filed about 50 patent applications in the past and had total of 25 issued patents. These patents encompass a range of technologies primarily focused on air movement, filtration, and purification systems. The company, known for its innovations in air movement and filtration technologies, has an extensive patent portfolio that reflects its focus on advanced consumer electronics and medical-grade air purification products. 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 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.
Kronos published research about the effectiveness of Kronos Patented technology on air disinfection n (e.g., microorganism destruction) by demonstrating the high efficacy of Kronos® Technology-based air purifiers in capturing and destruction of 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 is the
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