Titan Logix Corp V.TLA

RE:RE:RE:RE:What an odd press release

[Possibleidiot01]

Have you ever heard of a company called Kelso Technologies (KLS)?

Kelso Technologies Inc is a railway equipment supplier that produces and sells tank car service equipment used for the safe loading, unloading, and containment of hazardous materials during transport. The firm designs, engineers, markets, produces, and distributes various pressure relief valves and manway securement systems designed to reduce the risk of environmental harm due to non-accidental events in the transportation of hazardous commodities via railroad tank cars.

 

One-bolt Manway

The Kelso one-bolt manway design eliminates eye bolts that cause 35% of non-accidental releases(NAR), costing shippers and railroads in regulatory fines and train delays. The open/close time totals 5 minutes so trains are more efficient to load and unload. With the uniform pressure of the lid straps, manway gasket life increases up to 300%. The Kelso one-bolt manway provides significant cost-savings of ownership for rail shippers.

The reason I bring them up is despite having superior technology IMO , the concentration  of the rail car industry ( duopoly -of Greenbrier, Trinity Industries with  some smaller players -  Frieght car American etc ) has made it a horrible market for Kelso to compete in.

It's possible that customers have a lot more say in what goes into a truck ( customization) than they do into railcars. This is a guess.