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Kelso Technologies Inc T.KLS

Alternate Symbol(s):  KIQSF

Kelso Technologies Inc. is a Canada-based diverse product engineering company. The Company is specialized in the creation, production, sales and distribution of proprietary products used in rail and automotive transportation. The Company designs, engineers, markets, produces and distributes various proprietary pressure relief valves and manway securement systems. It is a developer and reliable supplier of rail tank car equipment used in the handling and containment of hazardous and non- hazardous commodities during transport. The Company offers specialized rail tank car and truck tanker equipment, no-spill fuel loading systems, first responder emergency response equipment. The Company's rail and road transport equipment includes pressure relief valves, vacuum relief valves, bottom outlet valves, pressure car pressure relief valves, pressure car angle valves, top ball valves, one-bolt manways and related equipment, and other specialty valves, parts, equipment, services, and others.


TSX:KLS - Post by User

Bullboard Posts
Post by depojoon Jul 16, 2008 2:41pm
258 Views
Post# 15299249

Jul 16 News Release

Jul 16 News Release

KELSOANNOUNCES SALE & DELIVERY OF

STAINLESSSTEEL PRESSURE RELIEF VALVES TO

TEXANATANK CAR FOR A NEW TANK CAR BUILD

WEDNESDAY, JULY 16, 2008 -VANCOUVER, BC, CANADA

Kelso Technologies Inc.(TSXV:KLS) (Pink

Sheets:KEOSF), a customer-driven,product-solutions company and developer of the unique JS

line of pressure relief valvesand Manway Securement System, (the “Company”) announced today

that it has sold and deliveredtwelve stainless steel, low flow pressure relief valves.

Twelve stainless steel, pressurerelief valves have been shipped to Texana Tank Car & Manufacturing,

Ltd. in Texas for installation on12 new stainless steel tank cars to be delivered in the third quarter of

calendar 2008 to a major USchemical producer. These special tank cars are destined for service

carrying a liquid which requiresa 100% stainless steel tank car. Stainless steel tank cars are used in

applications where the liquid intransit will degrade standard carbon steel tank cars or must remain ultra-

pure and not have any chance ofcontamination from contact with a carbon steel material.

The Kelso pressure relief valvesprovided are latest design for 165 psi-rated tank cars. The valve

construction is 100% stainlesssteel to match the needs of the customer. The customer recognized the

advantage of the Kelso valve as acompletely external valve with low cost-of-ownership and included it as

a specification requirement whenthe tank car specification was developed for bidding purposes.

This is another example of thework that Kelso has been seeding since December when Neil Gambow

joined the Company. As a resultof his efforts, we have seen a quicker growth in revenues from sales

and expect that trend tocontinue. In particular, we expect 2009 to be a break-out year for Kelso as a

number of initiatives that theCompany has been working on should roll-out starting in the new year. The

Company continues to meetface-to-face with existing and prospective customers. Just over the past

three months, these meetings havetaken place in the cities of St. Louis, MO, Nashville, TN, Houston, TX,

Dallas, TX, Pittsburgh, PA,Chicago, IL and Newport, RI.

The Company is pleased to reportthat Company’s 2008 Stock Option Plan was approved by a majority of

shareholders at the AnnualGeneral Meeting held May 27, 2008. Management has always stressed that

this Plan, which must be renewedannually by “disinterested” shareholders, is essential to the Company’s

ability to attract and rewardfuture, high quality personnel, particularly as the Company strives to grow its

sales force for North Americanrail markets. The 2008 Stock Option Plan is the same as the 2007 Stock

Option Plan, which limits thetotal outstanding options to the equivalent of 10% of the Company’s issued

and outstanding common shares,from time to time. All options granted under the Plan are subject to the

TSX Venture Exchange’s policieson stock options, as amended from time to time.

Kelso Technologies Inc. is apublic Company that trades on the TSX Venture Exchange under the

symbol KLS and is quoted in theUnited States on the Pink Sheets under the symbol KEOSF.

For further information: pleasevisit Kelso Technologies’ website at www.kelsotech.comor

contact Shareholder and InvestorRelations at 1.866.535.7685 (604.878.7600) or by email to kelso

@ kelsotech.com.

Bullboard Posts