Kronos Advanced Technologies Bags PPE Contract

Kronos Advanced Technologies Inc KNOS has received a contract to procure Personal Protective Equipment (PPE), medical gloves, medical and health masks, as well as COVID-19 Test Kit Products. Financial terms not disclosed.
Kronos has initiated national marketing efforts to provide PPE supplies and COVID-19 test kits with direct product sales to clients and governments from PPE manufacturers.
Additionally, the company provided a few corporate updates; West Virginia factory improvements are on schedule, with completion expected by January 2022.
Kronos is preparing to file a registration statement on Form S-1 with the U.S. SEC relating to a proposed secondary public offering.
The company plans to increase its unique 5-ply, U.S.-made graphene masks.
Price Action: KNOS shares closed lower by 0.89% at $0.022 on Thursday.