Kronos Announces Plan to Deregister Its Common Stock and Provides Update Regarding the Event of Default Under Its Secured Financing and Certain Personnel Matters
Kronos Advanced Technologies, Inc. (“Kronos”), (BULLETIN BOARD: KNOS) announced today that, following extensive discussions with its secured lenders regarding the outstanding obligations under the AirWorks and Hilltop promissory notes, Kronos is in the process of transferring control of its assets to AirWorks and Hilltop in accordance with peaceful possession procedures.