Kronos Advanced Technologies Inc. and Yasheng Group Announce Strategic Collaboration to Develop Revolutionary Nuclear Battery.

JOINT PRESS RELEASE

Los Angeles, CA , Aug. 05, 2024 (GLOBE NEWSWIRE) -- August 5th, 2024 – Kronos Advanced Technologies Inc. (OTC: KNOS) and Yasheng Group (OTC: HERB) are excited to announce a strategic collaboration to develop and file a groundbreaking patent for a small nuclear battery with an extended lifespan of up to 50 years. This partnership aims to address critical energy storage needs across various sectors, including remote sensing, space exploration, medical devices, and military applications.

Key Details of the Agreement:

• Patent Filing and Costs: Yasheng Group will be responsible for filing the nuclear battery patent in China, while Kronos Advanced Technologies Inc. will handle the filing in North America. Each party will bear the costs associated with filing in their respective countries.
• Royalties: Both companies will benefit from the success of this innovative technology. Kronos Advanced Technologies Inc. will receive 10% of the royalties earned by Yasheng Group in China, and Yasheng Group will receive 10% of the royalties earned by Kronos Advanced Technologies Inc. in North America.

About the Nuclear Battery Technology: The small nuclear battery will be designed to provide a reliable power source with a lifespan of up to 50 years without requiring recharging. Utilizing advanced materials and innovative design, this battery will convert the energy from the beta decay of a radioactive isotope, such as Nickel-63, into electrical energy. Key features will include:

• Energy Conversion: Efficiently captures and converts beta particles into electrical energy using semiconductor materials.
• Encapsulation and Safety: Robust radiation-shielding housing ensures safety and prevents radiation leakage.
• Temperature Management: Advanced thermal management systems maintain stable operation.
• Applications: Ideal for long-term, maintenance-free power needs in remote sensing, medical devices, space exploration, and military equipment.

Nickel-63 nuclear batteries have several promising potential markets due to their unique characteristics and long-lasting power supply. Here are some key areas where these batteries could be highly beneficial: