Kronos repays $2.6M WVEDA debt via manufacturing space sale; remaining assets free and clear valued >$1M

KRONOS ADVANCED TECHNOLOGIES INC

Sold portion of industrial manufacturing space; proceeds fully repaid $2.6M loan with West Virginia Economic Development Authority.
Remaining real estate and manufacturing equipment valued at over $1,000,000, now free and clear of encumbrances.
Transaction part of asset optimization strategy; focus on core air purification and health technology business.
COO Joseph Florence and Interim CEO Greg Rubin highlighted strengthened balance sheet and growth capacity.

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