Jan. 19, 2005 — Kronos Advanced Technologies Inc. (OTC.BB: KNOS) announced that the Washington Technology Center (WTC) has awarded the company’s Kronos Air Technologies, Inc. subsidiary and the University of Washington funding for a research and technology development project entitled “Heat Transfer Technology for Microelectronics and MEMS.” The objective of the project is to develop a novel energy-efficient heat transfer technology for cooling microelectronics.
Kronos stated that the WTC will contribute $40,000 to the project, with Kronos contributing $8,000, plus $32,000 in in-kind services, including use of the Kronos research and product development facility.
Under the grant, Kronos has an exclusive first option to license any intellectual property developed by the University of Washington or jointly by the two parties. The license will grant Kronos the exclusive right to make or sell products and processes based on IP.
Kronos air handling technology uses an electric field to exert force on ionized gas. The company says it is developing an improved microchip air handling system that is smaller in size, has high speed airflow, allows more targeted delivery of cooling to areas of highest heat and is compatible with current processes.