BELMONT, Mass., June 28 /PRNewswire-FirstCall/ -- Kronos Advanced
Technologies, Inc. (OTC Bulletin Board: KNOS) announced today that Kronos Air
Technologies, Inc., a wholly owned subsidiary of Kronos Advanced Technologies,
has received a Notice of Allowance from the United States Patent and Trademark
Office indicating that its patent application entitled Voltage Management for
Electrostatic Fluid Accelerator has been examined and allowed for issuance as
a U.S. patent.
Kronos' latest U.S. patent includes an innovative electronics concept that
allows for more effective high voltage management. Utilizing innovative
electronics for voltage management allows for more efficient airflow generated
by a Kronos device with significantly less ozone production in comparison with
other high voltage based technologies. Kronos' Chief Technology Officer, Dr.
Igor Krichtafovitch, is the inventor of this proprietary technology.
The Voltage Management for Electrostatic Fluid Accelerator patent is the
eighth granted patent in a series of patent applications pending with the U.S.
Patent and Trademark Office and various international patent offices
addressing various aspects of the Kronos technology. This latest patent will
provide intellectual property protection for key aspects of the Kronos'
technology until 2022.
Kronos' intellectual property process is very much a collaborative effort;
although the process is driven by Dr. Igor Krichtafovitch, our Chief
Technology Officer, and Richard Tusing, our Chief Operating Officer, many
members of the Kronos team had either received patents (Drs. Vladimir Gorobets
and Krichtafovitch) or have patents pending (Vladimir Bibikov, Chris Martin,
Jacob Oharah and Terence Tam, and Drs. Gorobets and Krichtafovitch). In
addition to the Electrostatic Fluid Accelerator, Method of and Apparatus for
Electrostatic Fluid Acceleration Control of a Fluid Flow, Electrostatic Fluid
Accelerator for and a Method of Controlling Fluid Flow, Electrostatic Fluid
Acceleration - Power Supply Management and Control, Electrostatic Fluid
Acceleration - Electrode Design Geometries, Spark Management Method and
Device, Electrostatic Fluid Accelerator Performance Geometries and Voltage
Management for Electrostatic Fluid Accelerator patents, a number of additional
patent applications have been filed, which control and manage multiple aspects
and performance attributes of electrostatic fluid acceleration. These
additional patent applications are either being examined or are awaiting
examination by the Patent Office.
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
http://www.kronosati.com.
Contact: Maureen Dempsey (212) 300-1806.
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 "Certain Business
Risk Factors" in the Company's Annual Report on Form 10-KSB for the year ended
June 30, 2004 as filed with the Securities and Exchange Commission.
SOURCE Kronos Advanced Technologies, Inc.
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Related links:
http://www.kronosati.com
CONTACT:
Maureen Dempsey of Kronos Advanced
Technologies, Inc., +1-212- 300-1806
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