Kronos Advanced Technologies Declares Special Cash Dividend for Shareholders

Parkersburg, WV, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Parkersburg, WV - September 3, 2024 - Kronos Advanced Technologies, Inc. (OTC: KNOS), a leading technology company specializing in advanced air purification and innovative technology solutions, announced today that its Board of Directors has declared a cash dividend for its shareholders.

The Board has approved a cash dividend of $0.00001 per share on the Company’s outstanding shares of common stock. The dividend is payable on December 18, 2024, to shareholders of record as of September 18, 2024.

Greg Rubin, CEO of Kronos Advanced Technologies, commented on the decision, stating, "This dividend reflects our commitment to delivering value to our shareholders. While the dividend amount is modest, it represents an important step in returning value to our investors, and we look forward to further enhancing shareholder value as we execute on our growth strategy."

Kronos Advanced Technologies is committed to maintaining transparency and delivering consistent value to its shareholders. This dividend announcement marks the latest in a series of strategic decisions aimed at strengthening the company's financial health and supporting its long-term objectives.

As announced recently, Kronos Advanced Technologies entered into a Letter of Intent (LOI) for the purpose of acquiring Suarez Industries, Inc. This acquisition, if successful, will not dilute existing shareholders, ensuring that they continue to benefit from the company’s future growth.

About Suarez Industries

Founded by Ben Suarez in 1968, Suarez  Industries has evolved from a mail-order startup into a leader in direct marketing and product innovation. From its modest beginnings, the company achieved profitability by 1973 and saw a 100% increase in sales by 1988, leading to the establishment of a state-of-the-art headquarters. Known for its rigorous standards and unique in-house approach to product development, Suarez Industries now offers a diverse range of products, including the EdenPURE air purifiers and heaters. The company’s commitment to quality is backed by a 100% money-back guarantee and a strong philanthropic presence.