Kelso Technologies Inc. Appointment to the Board of Directors
February 12 2020 - 8:00AM
Kelso Technologies Inc. (“Kelso” or the “Company”), (TSX: KLS),
(NYSE American: KIQ) is pleased to announce the appointment of Mr.
Frank C. Busch to the Board of Directors of the Company (the “BOD”)
as an independent Director. Mr. Phil Dyer has submitted his
resignation as a Director to devote more time to his other business
interests. Mr. Dyer will continue to serve the Company as an
advisor.
Mr. Dyer has served on the BOD since January 2,
2015. Mr. Dyer’s business and political experience has been
instrumental in navigating through the tough economic downswings of
2015, 2016 and 2017, as well as the subsequent turnaround to
stronger financial performance in 2018 and 2019. Over the
years Mr. Dyer has served on the Corporate Governance and
Nominating Committee as well as the Compensation Committee and was
Chair of the Audit Committee. Mr. Dyer has made many
contributions to the health and welfare of the stakeholders of
Kelso over the past five years. On behalf of all stakeholders
we wish to thank Mr. Dyer for his dedicated service to the
Company.
Mr. Busch’s expertise is finance, business
development and indigenous relations as Director of Community
Engagement with the First Nations Finance Authority in
Canada. Mr. Busch received his Bachelor of Arts from the
University of Manitoba and has completed five specialized financial
certificates from the Canadian Securities Institute and a
post-graduate Certificate in Finance from Harvard University in
preparation for entering the Masters of Liberal Arts in Extension
Studies Field: Finance at Harvard. Mr. Busch is an expert in
the field of Indigenous Engagement and Relations and has spoken
publically, published articles and advised companies and
organizations of all sizes on the subject.
“I am honored to join the Board of Directors of
Kelso Technologies Inc.” says Mr. Busch, “Kelso is a progressive
organization with great prospects. I believe I can add value
by helping continue Kelso’s legacy of environmental stewardship and
sustainability which aligns well with my values. Kelso is
entering into a new growth stage with its new KXI wilderness
technologies which I believe along with the Company’s current rail
portfolio will benefit many stakeholders in society.”
James R. Bond, CEO of the Company comments that
“Kelso is excited to begin the Company’s transition to the next
generation of senior leadership and business direction with the
appointment of Mr. Busch. Much of the Company’s technology
development involves specialized equipment used in rail, road and
wilderness applications that can better serve and protect the
public and the environment. During the Company’s history
Kelso has had a very strong public safety record and have
demonstrated the Company’s products do in fact diminish potential
negative impacts on the environment. With the dedicated
support of the stakeholders of Kelso, the Senior Management along
with the BOD anticipates that we can advance the Company’s
technologies in the marketplace which will expand Kelso’s brand to
better serve the Company’s customers for years to come.”
About Kelso Technologies
Kelso is an engineering product development
company that specializes in the development, production and
distribution of proprietary service equipment used in
transportation applications. Our reputation has been earned
as a developer and reliable supplier of unique high-performance
rail tank car equipment for the handling and containment of
hazardous and non-hazardous commodities during transport. All
Kelso products are developed with emphasis on economic and
operational advantages to customers while mitigating the impact of
human error and environmental issues. The Company offers
specialized rail service equipment, truck tanker equipment, fuel
loading systems, marine applications, first responder emergency
response kits and gyroscopic suspension systems for commercial
vehicles being used in rugged wilderness 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 the Company anticipates that we can advance our
technologies in the marketplace which will expand Kelso’s brand to
serve the Company’s customers for years to come; and that Kelso is
entering into a new growth stage with its new KXI wilderness
technologies. 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 the risk that
railroad safety regulations and other regulatory approvals may be
delayed or cancelled; the Company’s products may not provide the
intended economic or operational advantages; we may be unable to
grow and sustain anticipated revenue streams because of competition
or decreased interest in our products; orders may be cancelled and
competitors may enter the market with new product offerings which
could capture some of our market share; costs of production may
increase affecting our EBITDA; we may have to incur debt to keep up
with costs and/or technological or product development expenses;
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.
For further information, please contact:
James R. Bond, CEO and
President |
Richard Lee, Chief Financial Officer |
Corporate Address: |
Email:
bond@kelsotech.com |
Email: lee@kelsotech.com |
13966 - 18B AvenueSouth Surrey, BC V4A 8J1www.kelsotech.com |
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