Kelso Technologies Inc. Key Patent Application Filed for Automated Traction Optimization Method for Vehicle Suspension Systems
September 12 2023 - 8:00AM
Kelso Technologies Inc. (“Kelso” or the “Company”), (TSX:
KLS), (NYSE American: KIQ) reports that it has filed its
first Patent application for the Company’s Automated Traction
Optimization Method for Vehicle Suspension Systems (“Method”). The
Patent Application forms the Company’s initial proprietary claims
and intellectual foundation for its automotive wilderness
technologies. This patent application filing begins the Company’s
comprehensive proprietary protection program for its current and
future technologies.
The Method has been researched, designed,
engineered and developed in the Company’s wholly owned subsidiary
KIQ X Industries Inc. (“KIQ”) under our proprietary brand name KXI
Wildertec™. Over the past two years a talented team of engineers,
technology specialists, wilderness experts and corporate
stakeholders committed to the successful creation of a unique and
proprietary vehicle suspension control method. The technology
automatically orients a vehicle around its center of gravity and
adjusts itself to safely apply optimal ground pressure to each
wheel to deliver maximum traction and stability in real time.
The design objective of the Method is to ensure
all vehicle maneuvers, whether automated or manual, are performed
in a stable balanced position when driven in complex and dynamic
environments. Challenging maneuvers addressed by the Method include
ledge climbs, ledge drops, ditch crossings, extreme obstacles and
severe side-slope challenges. Extensive testing in extreme
wilderness scenarios has confirmed that the Method can be expected
to provide:
- Novel traction capabilities for a vehicle to better access
remote wilderness areas by automated management of each wheel’s
ground pressure oriented to the center-of-gravity of the vehicle
delivering predicable, stable travel in diverse wilderness terrain
compositions;
- Diminishment of wheel slip and the enablement of safer
climbing, traversing and descending operations resulting in lower
negative ecological impacts and less fuel consumption;
- Gyroscopically balanced ride controls provide preset and
automatically adjusting configurations that improve ride quality to
enable safer travel speeds on wilderness service roads, rugged
trails and better access to overgrown, heavily sloped and complex
wilderness terrain while mitigating occupant stress and
fatigue.
Chris Stewart, President of KIQ comments: “As
the majority of the automotive industry focuses on complex
autonomous challenges of driveline, braking and steering, KIQ is
signaling a new technology evolution with this milestone patent
application and our commitment to technologically advancing the
traction and ride aspects of autonomous driving in the world’s
harshest conditions. Applications of our Method range from wildfire
fighting to disaster response to a multitude of other critical jobs
in wilderness environments. Our patent pending technology and its
subsequent developments are expected to significantly improve
wilderness access, worker safety, operational efficiencies and
economic advantages to numerous market segments.”
James R. Bond CEO of the Company comments:
“Kelso is excited to file the first patent application for its
automated traction optimization method for vehicle suspension
systems. This demonstrates the potential value of Kelso’s
commitment to initiate evolutionary innovative automotive
technologies. Our KXI Wildertec™ program is expected to positively
impact transportation safety for drivers, workers and the general
public operating in the toughest wilderness environments. Our
technologies are expected to provide the Company with a multitude
of commercial business applications and revenue growth in numerous
under serviced wilderness market segments. Management wishes to
thank our staff, the engineers, technology experts, wilderness
specialists and corporate stakeholders who have made positive
contributions to the creation and the ongoing commitment to the
potential of our KXI Wildertec™ research and development.”
About Kelso Technologies
Kelso is a diverse product development company
that specializes in the design, engineering, production and
distribution of proprietary service equipment used in both rail and
automotive transportation applications. The Company’s reputation
has been earned as a designer and reliable supplier of unique
high-quality rail tank car valve equipment that provides for the
safe handling and containment of hazardous and non-hazardous
commodities during transport. Kelso is also developing its new KXI
Wildertec™ technologies to initiate new business growth with new
wilderness transportation technologies. 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.
For a more complete business and financial
profile of the Company, please view the Company's website at
www.kelsotech.com and www.KXIWildertec.com and public
documents posted under the Company’s profile on www.sedarplus.ca 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 patent application filing forms the Company’s
intellectual foundation for its automotive wilderness technologies;
that the patent application filing begins the Company’s
comprehensive proprietary protection program for its current and
future technologies; that extensive testing in extreme wilderness
scenarios has confirmed that the Method can be expected to provide
novel traction capabilities for a vehicle to better access remote
wilderness areas, lower negative ecological impacts and less fuel
consumption and the mitigation of occupant stress and fatigue; that
our patent pending technologies and subsequent discoveries and
developments are expected to significantly improve wilderness
access, worker safety, operational efficiencies and economic
advantages to numerous market segments; that our KXI Wildertec™
program is expected to positively impact transportation safety for
drivers, workers and the general public operating in the toughest
wilderness environments; and that our technologies are expected to
provide the Company with a multitude of commercial business
applications and revenue growth in numerous under serviced
wilderness market segments. Although Kelso believes the Company’s
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 the patent application and subsequent patent
applications may not be granted; risk that the longer-term effects
of inflation and supply chain issues may last much longer than
expected delaying R&D schedules and commercial business orders
from customers; that the development of new KXI Wildertec
technologies may proceed slower than expected, cost more or may not
result in a salable product; capital resources may not be adequate
enough to fund future operations as intended; that regulatory
compliance may be delayed or cancelled; that the Company’s products
may not provide the intended economic or operational advantages to
end users; that market introduction of KXI Wildertec products may
not grow and sustain anticipated revenue streams; that the
Company’s automotive products may not receive regulatory
certification; that new customer orders may not develop or be
cancelled; that competitors may enter the market with new product
offerings which could capture some of the Company’s potential
market share; that new product ideas under research and development
may be dropped if ongoing product testing and market research
reveal engineering and economic issues that render a new product
concept infeasible; and that the Company’s new technology 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 Avenue |
|
|
South Surrey, BC V4A 8J1 |
|
|
www.kelsotech.com |
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