Very positive news out Kelso customers to install EPRV, KKS on new tank cars
Ticker Symbol: C:KLS
Kelso customers to install EPRV, KKS on new tank cars
Kelso Technologies Inc (2) (C:KLS)
Shares Issued 33,488,783
Last Close 1/24/2012
.68
Wednesday January 25 2012 - News Release
Mr. James Bond reports
KELSO PRODUCTS SPECIFIED ON 2012 RAIL TANK CAR BUILDS
Keslo Technologies Inc.'s external pressure relief valves (EPRV) and Kelso Klincher manway system (KKS) have been specified by several HAZMAT customers for installation on new rail tank cars scheduled to be built in 2012. These transactions have a value of approximately $3-millon (U.S.).
The company continues to build the capability of its production operations to supply growing demand. Numerous customers that transport hazardous commodities, such as crude oil, ethanol, petrochemicals and other toxic chemicals, are conducting engineering assessments of Keslo's EPRV and KKS. Kelso continues to work on product adoption issues and installation schedules for 2012 and 2013 with manufacturers of railway tank cars in order to meet customer requirements. Additional specifications of Keslo's products for new tank car builds are expected and will be announced when received.
Neil Gambow, president and chief executive officer of Kelso Technologies (USA), commented: "The strengths of our products are being recognized by the railroad industry and HAZMAT customers. They are validating the value of our products by their choice of our EPRV and KKS for new tank car production. Marketing and engineering initiatives with customers continue to gain business momentum for our products. We are very encouraged by the willingness by stakeholders to commence adoption of technologies."
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