Business
KRONOS ADVANCED TECHNOLOGIES ACQUIRES 85,000 SQUARE FEET OF MANUFACTURING FLOOR SPACE ON A 10-ACRE CAMPUS LOCATED ON THE WEST VIRGINIA AND OHIO BORDER.
KRONOS ADVANCED TECHNOLOGIES ACQUIRES 85,000 SQUARE FEET OF MANUFACTURING FLOOR SPACE ON A 10-ACRE CAMPUS LOCATED ON THE WEST VIRGINIA AND OHIO BORDER..
About this update from Kronos Advanced Technologies, Inc.
[{"type":"text","content":"\n Parkersburg, WV, Nov. 22, 2021 (GLOBE NEWSWIRE) --  Konos Advanced Technologies (OTC: KNOS), a company centered on building a complete product line of devices that improve the air we breathe, the water we drink, the food we eat, and in general, the environment we live in announced today that it has completed the acquisition of its new Design and Manufacturing facility. This milestone now begins the task of providing cutting-edge facility improvements. These improvements have started and are scheduled to be completed by December 31st 2021. The acquisition includes a turnkey electronics manufacturing facility with on-site robotic assembly equipment and 85,000 square feet of manufacturing floor space on a 10-acre campus positioned on the West Virginia and Ohio border.  \"This acquisition will become the foundational cornerstone of the three strategic initiatives driving the future of our company: Transition to America (reshoring of our supply chain), Design For Excellence (globally dominate designed products), and Touchless Manufacturing (Industry 4.0 manufacturing processes)\", said Joseph Florence, CTO, COO. \"We will bring jobs to the Parkersburg, West Virginia, Mid-Ohio Valley area. We plan to employ 300 people at this new facility. Our location is centrally positioned near the U.S. East Coast, within an eight-hour driving distance of major metropolitan areas, representing half (1/2) of the U.S. population and a third (1/3) of the Canadian market. The MSA of Parkersburg, West Virginia, consists of Parkersburg and Vienna, West Virginia, and Marietta, Ohio, and has a population of 160,000 people. Both the work ethic and willingness to learn of the local workforce, as well as the accessibility beyond our immediate market, will become a competitive advantage for our Company,\" said Mr. Florence. \"With the existing, acquired equipment and the access to trained electronic assembly employees, Kronos will be able to telescope our transition to a USA manufacturer of consumer and industrial  products. In addition, we will have the capacity to a parallel path both contract manufacturing (B2B) and Kronos®-product manufacturing, ensuring our manufacturing relevance and subsidizing our overhead burdens. This strategy will further distinguish Kronos from our competitors...