BELMONT, Mass., Oct. 5, 2006 (PRIMEZONE) -- Kronos Advanced Technologies, Inc. (OTCBB:KNOS), announced today that the Tree(tm) air purification device, designed and manufactured by Kronos' strategic partner in Russia, EOL LLC, will be introduced at the International Symposium on Epidemiology and the Preventive Maintenance of Intra-Hospital Infections, which is being held in conjunction with the Moscow Exhibition on Diagnoses, Treatment and Prophylactics in Medicine from October 10 - 12, 2006.
Along with EOL's demonstration of Tree(tm) air purification devices at the Exhibition, Dr. V. G. Yuzbashev, Lead Researcher Disinfection Research Institution Laboratory of the Russian Academy of Medical Sciences, will present his paper "The Technology and Equipment for Air Disinfection in Hospitals." His paper will include a comparison of technologies to disinfect intra-hospital infections while explaining the benefits of the Kronos-based Tree(tm) air purification device. In conjunction with his talk, he will present a Tree(tm) device.
The introduction of the Tree(tm) at the Symposium follows on the recent release of a clinical study showing the effectiveness of the Tree(tm) air purification device in decontaminating hospital rooms of airborne bacteria and mildew, including the bacteria Staphylococcus aureus (S. aureus) which recently has become known as a major cause of hospital-acquired infections. The study further concluded that the Tree(tm) air purification device is safe to use while patients are present.
Dr. Yuzbashev is the lead researcher who conducted the December 2005 and May 2006 testing of the Kronos technology and the August 2006 testing of the Tree(tm) air purification device in conjunction with the Russian Research Institute of Medical Equipment's certification of the Tree(tm) air purification device. He also co-authored with Dr. Igor Krichtafovitch, Kronos Air Technologies' Chief Technology Officer, the article "Ion Wind Apparatuses Application for Air Cleaning and Decontamination."
Additional information on the Tree(tm) air purification device is available on the recently released EOL web site www.tree-air.ru and on the Symposium and Exhibition at www.rospotrebnadzor.ru/docs/order/?id=469. The Russian-to-English translation of both sites can be obtained from www.online-translator.com/srvurl.asp?lang=en.
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.
About EOL, LLC
EOL is a Russian corporation formed for the purpose of manufacturing, marketing and distributing air purification products based on technology licensed from Kronos Air Technologies, Inc. EOL is owned and operated by Dvorkina Evgenia. Dr. Dvorkina is an entrepreneur who has extensive production, marketing and sales experience with commercial products in Ukraine and the Russian Federation. EOL is financed by Sberbank (the largest bank in Central and Eastern Europe) - www.sbrf.ru/eng/. More information about EOL is available at www.tree-air.ru.
Safe Harbor Provision
This news release contains forward-looking statements made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, the Company's views on future financial performance, market growth, capital requirements, new product introductions and acquisitions, and are generally identified by phrases such as "thinks," "anticipates," "believes," "estimates," "expects," "intends," "plans," and similar words. Forward-looking statements are not guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statement. These statements are based upon, among other things, assumptions made by, and information currently available to, managements, including management's own knowledge and assessment of the Company's industry, R&D initiatives, competition and capital requirements. Other factors and uncertainties that could affect the Company's forward-looking statements include, among other things, the following: identification of feasible new product initiatives, management of R&D efforts and the resulting successful development of new products and product platforms; acceptance by customers of the Company's products; substantial expansion of international sales; reliance on key suppliers; the potential need for changes in long-term strategy in response to future developments; and competitive factors, including pricing pressures and the introduction by others of new products with similar or better functionality than our products. These and other risks are more fully described in the Company's filings with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-KSB for the year ended June 30, 2006. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT: Kennedy Spencer PR Contact: Patty McDonough Kennedy (212) 899-5150 The Wall Street Group, Inc. IR Contact: Ron Stabiner (212) 888-4848