Kronos Advanced Technologies Inc (OTCMKTS:KNOS) is trending upwards as investors react to a wave of positive developments that continue to affirm the company’s long term prospects. A confirmation of an exclusive manufacturing and distribution agreement for a new line of air disinfection products is the latest catalyst fuelling the stock’s price action.
Kronos Advanced Technologies Price Analysis
The stock has rallied by more than 200% since the start of the second quarter and is now up by more than 300% since the start of the year. The blockbuster move has come hot on the heels of the company moving to explore new business opportunities with its array of air disinfection products.
The product development company is fresh from unveiling a new line of air purifiers Kronos AIR 5G. The strengthening of the board of directors with persons of vast managerial experience in product development all but continues to strengthen the stock’s sentiments in the market.
Likewise, it does not come as a surprise that the stock is trading at all-time highs after a recent 130% spike higher. A rally followed by a close above the $0.04 level has reaffirmed the uptrend setting the stage for Kronos Advanced Technologies to continue powering higher.
Above the $0.02 mark, Kronos Advanced Technologies remains well-positioned to continue powering high as this is the immediate support level. A sell-off followed by a close below the support level could triggered renewed sell-off that could see the stock dropping to 2020 lows.
In our view, Kronos, Advanced Technologies, remains well-positioned to continue edging higher.
What Does Kronos Advanced Technologies Do?
Kronos Advanced Technologies is a product development company specializing in the manufacturing of air movement and purification equipment. The company has changed the way air moves, is filtered and sterilized in areas struggling with infectious diseases such as hospitals.
Kronos Advanced Technologies is powering high on a huge turnover of traded shares on the confirmation that veteran entrepreneur Kevin Harrington has joined the company’s advisory board. Harrington’s extensive experience in supporting companies should be a great addition as the company moves to market its new line of Air purifiers.
“His extensive experience in supporting companies and bringing our much needed revolutionary products to market on a national scale are great assets to add to our team as we look to expand our presence worldwide. We are sure that our shareholders will recognize Kevin’s abilities and we anticipate his continued support for the Kronos brand,” said COO Julius Toth.
Harrington joins Kronos Advanced Technology together with Steve Mendel of Harrington Group Expert Advisors. Mendel, a serial entrepreneur, also joins the advisory board. Similarly, the company has confirmed the appointment of former Ohio Lieutenant governor Mary Tylor as an independent director.
Tylor is an accomplished and certified public accountant that joins Kronos Advanced technologies with management experience. Her vast managerial experience will be a great addition at a time when the product development company is seeking to become a national supplier of much-needed products that improve people’s well-being by enhancing the quality of indoor air.
Management additions come hot on the heels of Kronos Advanced Technologies, securing an exclusive North and South American distribution rights for air purification products. The company is to distribute the disease destruction product line that leverages Kronos Core technology air purifies to commercial and residential areas.
COVID-19 Pandemic Opportunity
Kronos Advanced Technologies is applying for FDA certification for its air purifiers. Approval, in this case, will mark an important milestone as it will allow the company to distribute the air purification products to healthcare facilities.
FDA certification will allow the company to target government entities, including state and federal hospitals, as well as medical offices and research laboratories. The global pandemic triggered by the coronavirus might have triggered a perfect business opportunity for the company’s air purifiers.
Kronos Advanced Technologies blockbuster move up is supported by improving underlying fundamentals. Strong demand for air purifiers amidst the COVID-19 pandemic presents a perfect business opportunity for the company.
The signing of exclusive manufacturing and distribution agreement paves the way for the company to generate significant returns from its core products. Similarly, the strengthening of the board with people with vast managerial experiences should continue to strengthen market sentiments.
Overall, Kronos Advanced Technologies is a fundamentally attractive investment whose stock is likely to continue edging higher.
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Disclosure: We have no position in OTCMKTS:KNOS and have not been compensated for this article.