Kelso Technologies Inc. Advances the Commercialization of its ASCS Suspension
December 13 2017 - 08:00AM
Kelso Technologies Inc. (“Kelso” or the “Company”), (TSX:KLS),
(NYSE American:KIQ) reports that the Company has completed the
design and implementation of its proprietary Active Suspension
Control System (ASCS). Kelso has successfully outfitted a 2017 Ford
F150 production prototype (Prototype) with the ASCS. The Prototype
features our suspension-related patents (pending) that have been
designed to provide heavy duty performance capability in rugged
outback terrains as well as standard road conditions.
Implementation of Kelso’s business
infrastructure and plans for the ASCS project has commenced. The
ASCS division of Kelso will operate under the Company’s wholly
owned British Columbia subsidiary KIQ X Industries Inc. (KIQX)
located in Kelowna, BC, Canada. ASCS equipment will be marketed
under the trade name Kelso KIQ X Gear™. All requirements of
commercial production including sub-contracted facilities &
equipment, supply chain and engineering are expected to be
completed on or before the end of February 2018.
The ASCS is a unique suspension methodology
based on thirty years of research and experience. It is believed to
represent a dramatic improvement over existing technologies
presently used in commercial combined road-no-road vehicles.
Vehicles featuring the ASCS are expected to provide distinct
advantages to customers in terms of safety, effective performance
and operational capabilities. The basic design premise of the ASCS
is to manage the center-of-gravity of the vehicle with automated
gyroscopic controlled air suspension. This ensures that the driver,
passengers and payload remain in a stable position when driving in
difficult rugged outback terrains including flooded areas. The ASCS
technology package is well suited for use in desert, mountain, snow
and low lying water regions around the world.
Commercial sales and distribution are expected
on or before March 1, 2018. Initial marketing initiatives for KIQ X
Gear will focus on customers requiring reliable suspension
performance in operations involving search & rescue, military,
railroad, police & border patrol, first responders, railroads,
mining, forestry, agriculture, ranching, pipelines,
telecommunications, oil, gas, electric transmission and
recreation.
James R. Bond, CEO of the Company comments that:
“Our ASCS program is a key opportunity for Kelso to expand its
brand in new non-railroad related markets. Many areas around the
world such as Africa, Australia, Middle East and North America
require high-performance outback suspension technology. The ASCS
suspension is a key addition to our diversification business model.
Our focus is to create a new breed of high-value Kelso products
that can generate multi-million dollar cash flows from domestic and
international markets.”
About Kelso Technologies
Kelso is an engineering product development
company that specializes in the design, production and distribution
of proprietary service equipment used in transportation
applications. Our reputation has been earned as a designer and
reliable supplier of unique high performance rail tank car
equipment that provides for the safe handling and containment of
hazardous and non-hazardous commodities during transport. All Kelso
products are specifically designed to provide economic and
operational advantages to customers while reducing the potential
effects of human error and environmental harm. The Company offers
specialized truck tanker equipment, rail wheel cleaning systems,
fuel loading systems, military applications, first responder
emergency response kits and high performance suspension systems for
motor vehicles being used in rugged outback terrains.
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 securities
legislation. Forward-looking statements are indicated expectations
or intentions. Forward-looking statements in this news release
include that all requirements of commercial production including
sub-contracted facilities & equipment, supply chain and
engineering are expected to be completed on or before the end of
February 2018; that the ASCS is believed to represent a dramatic
improvement over existing technologies presently used in commercial
combined road-no-road vehicles; that vehicles featuring the ASCS
are expected to provide distinct advantages to customers in terms
of safety, effective performance and operational capabilities; that
commercial sales and distribution are expected on or before March1,
2018; and that the ASCS suspension is a key addition to our
diversification business model that can generate multi-million
dollar cash flows from domestic and international markets. Although
Kelso believes its anticipated future results, performance or
achievements expressed or implied by the forward-looking statements
and information 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 and information as such
statements and information 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 and information,
including without limitation, that we may not be able to raise the
funds we expect, the risk that completion of products may be
delayed or cancelled; the Company’s products may not provide the
intended economic or operational advantages; orders may be
cancelled and competitors may enter the market with new product
offerings which could capture some of our market share; and our new
equipment offerings may not capture market share as well 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.
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For
further information, please contact: |
James R. Bond, CEO and
President |
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Richard Lee, Chief
Financial Officer |
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Corporate Address: |
Email:
bond@kelsotech.com |
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Email:
lee@kelsotech.com |
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13966
- 18B Avenue |
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South
Surrey, BC V4A 8J1 |
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www.kelsotech.com |
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