Kelso Technologies Inc. New Technology - Hydrau-Flo®
September 12 2017 - 9:00AM
Kelso Technologies Inc. (TSX:KLS) (NYSE American:KIQ) (“Kelso” or
the “Company”) reports that the Company has obtained the
non-exclusive distribution rights to a proven line of proprietary
fueling technologies known as Hydrau-Flo®. The agreement
covers the North American markets for a two year period with an
option for one additional year. Kelso will concentrate on
railroad, military and marine applications.
Hydrau-Flo® products are a suite of mechanical
and non-pressurized fuel filling valves that provide safe handling
and overfill protection for heavy equipment applications such as
locomotives. They offer a low cost solution that can improve
fueling times up to 83% adding thousands of additional production
hours to equipment fleets. They are designed to prevent
overfilling, fuel spillage, waste, fuel theft and remove the risk
of tank ruptures from pressure build up during and after
filling. Hydrau-Flo® offers excellent wear resistance with
proven increases in productivity. It improves the economics
of ownership by effectively addressing the key issues of longevity,
capacity and efficiency of operations.
James R. Bond, CEO of the Company comments that:
“Kelso is very pleased to expand our business enterprise through
the distribution of Hydrau-Flo® fueling products. This
program represents a unique opportunity for Kelso to participate in
fueling technology markets with proven innovative products for our
railroad customers. In our initial target market there are
approximately 23,000 locomotives in service today. As part of
our market analysis over the past eight months we have successfully
retrofitted a locomotive at a fueling center in approximately one
hour and then fueled at high speed with no fuel leaks demonstrating
a significant value proposition for railroad customers.
Hydrau-Flo® is also ideally suited for military, marine and other
heavy equipment industries where management expects to generate
additional multi-million dollar revenue streams for Kelso in the
future.”
About Kelso Technologies
Kelso focuses on creating innovative engineered
product solutions for a wide range of applications in
transportation markets. Our tank car division has
successfully created a suite of proprietary equipment used in the
safe handling and containment of hazardous materials during
transport. Our product strategies concentrate on a wide range
of new products that are designed to provide economic benefits and
safe operational advantages while reducing the potential effects of
human error and environmental harm.
For a more complete business and financial
profile of the Company, please view the Company's website at
www.kelsotech.com and public documents posted under the Company’s
profile on www.sedar.com in Canada and on EDGAR at www.sec.gov in
the United States.
On behalf of the Board of
Directors,
James R. Bond, CEO and President
Legal Notice Regarding Forward-Looking
Statements: This news release contains “forward-looking
statements” within the meaning of applicable Canadian securities
legislation. Forward-looking statements are indicated expectations
or intentions. Forward-looking statements in this news
release include that Hydrau-Flo represents a unique opportunity for
Kelso to participate in fueling technology markets with proven
innovative products for our railroad customers; that Hydrau-Flo®
demonstrates a significant value proposition for railroad
customers; and that Hydrau-Flo® is also ideally suited for
military, marine and other heavy equipment industries where
management expects to generate additional multi-million dollar
revenue streams for Kelso in the future. Although Kelso
believes its anticipated future results, performance or
achievements expressed or implied by the forward-looking statements
are based upon reasonable assumptions and expectations, they can
give no assurance that such expectations will prove to be correct.
The reader should not place undue reliance on forward-looking
statements as such statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Kelso to differ materially from
anticipated future results, performance or achievement expressed or
implied by such forward-looking statements. Such risks and
uncertainties include, without limitation, the risk that the
Company’s products may not work as well as expected; we may not be
able to break in to new markets, because such markets are served by
strong and embedded competitors or because of long term supply
contracts; and we may not be able to grow and sustain anticipated
revenue streams. We may have underestimated the cost of product
development and the time it takes to bring products to market; we
may not be able to finance our intended product development. Our
products may not sell as well as expected, and competitors may
offer better or cheaper alternatives to our products. Our
technologies may not be patentable, and if patents are granted, we
may not protect our investment in intellectual property if our
patents are challenged. Our intended technologies may infringe on
the intellectual property of other parties. We may not have any
parties interested in licensing our technology as expected. Except
as required by law, the Company does not intend to update the
forward-looking information and forward-looking statements
contained in this news release.
For further information, please contact:
James R. Bond, CEO and
PresidentEmail: bond@kelsotech.com
Richard Lee, Chief Financial
OfficerEmail: lee@kelsotech.com
Corporate Address:13966 - 18B AvenueSouth Surrey, BC V4A
8Jwww.kelsotech.com
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