BELMONT, Mass., Dec. 7, 2005 (PRIMEZONE) -- Kronos Advanced Technologies, Inc. (OTCBB:KNOS), today announced that its Kronos Air Technologies, Inc. wholly owned subsidiary has received a Notice of Allowance from the U.S. Patent and Trademark Office for a patent application, Electrostatic Fluid Accelerator -- Advanced Geometries, as well as a Notice of Allowance from the Mexican Institute of Industrial Property for a patent application, Electrostatic Fluid Accelerator.
"The U.S. patent includes an innovative electronics concept that enables more advanced geometries and placement of the electrical arrays and provides for more efficient air filtration and sterilization in Kronos' air movement and purification products," stated President and Chief Executive Officer Daniel R. Dwight. "The technology was developed by Dr. Igor Krichtafovitch, our Chief Technology Officer, and provides intellectual property protection for key aspects of the Kronos technology until 2023."
Kronos currently holds eight U.S. patents and two international patents (Mexico and Australia) and has 12 U.S. patents pending in addition to other applications in various stages of the patent process either internally or with patent counsel. Mexico follows Australia to become the second international jurisdiction in 2005 that has accepted Kronos' Electrostatic Fluid Accelerator patent application. Kronos also has international patents filed and is preparing to file others in Asia, including Australia, Japan and China; European Community; Eastern Europe and the Americas.
About Kronos Advanced Technologies, Inc.
Through its wholly-owned subsidiary, Kronos Air Technologies, Inc., Kronos Advanced Technologies has developed a new, proprietary air movement and purification system that utilizes state-of-the-art high voltage electronics and electrodes to silently move and clean air without any moving parts. Kronos is actively commercializing its technology for standalone and embedded products across multiple residential, commercial, industrial and military markets. Kronos' technology is versatile, energy- and cost-efficient and exhibits multiple design attributes, creating a broad range of applications. The Company's business strategy includes a combination of building internal capabilities, establishing strategic alliances and structuring licensing arrangements. Kronos Advanced Technologies is located in Belmont, MA. More information about Kronos Advanced Technologies is available at www.kronosati.com.
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Forward-Looking Statements
With the exception of historical information contained in this press release, this press release includes forward-looking statements and comments. Such statements are necessarily subject to risks and uncertainties, some of which are significant in scope and nature beyond the Company's control. Forward-looking statements, by their nature, involve substantial risks and uncertainties. As a result, actual results may differ materially depending on many factors, including those described above. The Company cautions that historical results are not necessarily indicative of the Company's future performance. Other risks are summarized under the caption "Factors Affecting Kronos' Business and Prospects" in the Company's Annual Report on Form 10-KSB for the year ended June 30, 2005 as filed with the Securities and Exchange Commission.