Kelso Technologies Inc.  (the "Company" or "Kelso") (TSX VENTURE:KLS) (OTCQX:KEOSF) 

The Company reports that it has filed a patent application for a new Bottom
Outlet Valve (BOV) design for use on new rail tank cars and retrofits of
existing rail tank cars. The new BOV involves detailed proprietary and
engineering knowledge based on specific customer specifications and adoption
criteria. Our new BOV design features several materials and mechanical
engineering innovations that are intended to lead to a "best available
technology" ranking for our new commercial BOV when it is released. 


The patent was filed on June 3, 2013 under a "Non-Publication Request" which
keeps the patent filing private until the patent is issued. We have done this
for competitive reasons as keeping our invention out of the eyes of our
competition until we launch the commercial product carries various market
advantages for Kelso. Our competition will most likely become aware of our BOV
as we go to service trial, however they will not have enough details on the
design to allow them to try to circumvent our ideas. The final patent will
probably take 2 years or more to be granted and carry a 17 year life starting
from the date the patent is granted. 


The BOV will enter Association of American Railroads (AAR) authorized service
trials shortly after AAR review. The BOV is designed to be used on general
purpose rail tank cars such as those used in the transport of crude oil. The
service trial for non-hazardous materials is expected to last one year. Service
trial for hazardous materials is expected to last for two years. 


Key to our long-term success is that Kelso grows its reputation as a reliable
high quality railroad equipment supplier. Our future sales growth will be based
on our continuing ability to create and reliably deliver a new generation of
"best available technology" products that address the demanding design criteria
that our HAZMAT customers require.  


Our current commercial products and patents include our External Constant Force
Spring Pressure Relief Valves, "Kelso Klincher(R)" Manway and the BOV. Our new
BOV represents the next evolution of our patented product catalogue and offers
Kelso another product with an annual multi-million dollar sales potential.


About Kelso Technologies 

Kelso is a railroad equipment supplier that produces and sells proprietary tank
car components used in the safe loading, unloading and containment of hazardous
materials during transport. Products are specifically designed to provide
economic and operational advantages while reducing the potential effects of
human error and environmental harm during the transport of hazardous materials. 


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 on
www.sedar.com.


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 the
final BOV patent will take 2 years or more to be granted; our competition will
not have enough details on the design to allow them to try to circumvent our
ideas; our new BOV represents the next evolution of our patented commercial
product catalogue; that the BOV has an annual multi-million dollar revenue
opportunity; that BOV will go into service on railway cars; and that our patent
portfolio can protect our intellectual property. The Company's products involve
detailed proprietary and engineering knowledge and specific customer adoption
criteria, hence factors that could cause actual results to be materially
different include that we may be unsuccessful in raising any additional capital
needs that may arise; we may not have sufficient capital to develop, produce and
deliver new orders; product development may face unexpected delays; orders that
are placed may be cancelled; anticipated order deliveries may be rescheduled to
future periods; product may not perform as well as expected; markets may not
develop as quickly as anticipated or at all; and operations may run into permit,
labor or other problems. Our patent applications may be rejected, and even if
granted, may be successfully challenged. Further, we are reliant on certain key
employees who may leave the Company and we may be unable to protect or defend
our intellectual property. Investors are cautioned against placing undue
reliance on forward-looking statements. We assume no responsibility to update
these forward looking statements except to the extent required by law. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Kelso Technologies Inc.
James R. Bond
CEO and President
250-764-3618
bond@kelsotech.com


Kelso Technologies Inc.
Richard Lee
Chief Financial Officer
604-590-1525
lee@kelsotech.com


Kelso Technologies Inc.
7773 - 118A Street
North Delta, BC, V4C 6V1
www.kelsotech.com

Kelso Technologies Inc. (TSXV:KLS)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Kelso Technologies Inc. Charts.
Kelso Technologies Inc. (TSXV:KLS)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Kelso Technologies Inc. Charts.