KRONOS ADVANCED TECHNOLOGIES PLANS SHAREHOLDER MEETING AND TO BECOME AMERICA'S FIRST OTC PUBLIC BENEFIT CORPORATION, CITING PURPOSE, ACCOUNTABILITY AND TRANSPARENCY

Los Angeles, CA, July 15, 2020 (GLOBE NEWSWIRE) -- Los Angeles, CA, July 15th, 2020 (GLOBE NEWSWIRE) - KRONOS ADVANCED TECHNOLOGIES, INC. (OTC MARKETS: KNOS) ("KNOS" or the "Company"), a product development and production company that has significantly changed the way air is moved, filtered, and sterilized, today announced that it has decided to transition into a Public Benefit Corporation, becoming one of very few publicly traded companies that have modified their obligations to public shareholders, committing to higher standards of purpose in their business practices. To put it simply, KNOS has committed to ensuring that the interest of consumers' wellbeing is at the core of its corporate operating principles — as opposed to holding profits as its one and only end goal.

"Purpose, accountability, and transparency have become extremely important," said Joseph Florence, Chief Transformation Officer of Kronos. "The move to transform into a Public Benefit Corporation is a critical part of our evolution as a publicly owned and traded company that puts people interest over profits. This transformation will allow us to create long-term value for all our shareholders, including investors, employees, and, most importantly, the consumers and communities we want to help."

The Public Benefit Corporation (PBC) is a corporate governance model that broadens the perspective of traditional corporate law by incorporating values such as purpose, accountability and transparency into their business models. PBCs are for-profit companies that are obligated to consider the impact of their decisions on society, not only shareholders.

Kronos's mission is to help people in any type of environmental distress navigate their way out of problems and back to general health, whether physical, mental, or financial. The Company offers unbiased product advice on its technology that makes decisions easier with helpful educational content and referrals to relief that is held to a higher standard of integrity and transparency. Three core values are at the heart of our operations and align with the mission-driven purpose of a PBC:

Trust: From educational content and high-tech know-how to partners who offer the best products and services at the lowest prices, Kronos empowers people to break free from stress of not knowing what is healthy and how to protect loved ones against pandemic.

Expertise: With decades of combined experience in safe air and business development, Kronos' wide range of experts are committed to sharing their knowledge and expertise to help consumers choose their own path to a healthier indoor air quality environment, whether it be at home, on the road or at work.