VANCOUVER, BRITISH COLUMBIA and BONHAM, TEXAS--(Marketwired - Feb. 8, 2017) - Kelso Technologies Inc.
(TSX:KLS)(NYSE MKT:KIQ) ("Kelso" or the "Company") reports that further to our press release of November 17, 2016 the Company has
filed a United States provisional patent application and a corresponding Canadian patent application for an Active Suspension
Control System and Method for No-Road Vehicles (ASCS). The ASCS patent applications owned by Kelso cover numerous new
technologies. Kelso anticipates filing further patent applications relating to the ASCS technology as Kelso continues to develop
and improve the ASCS technology.
With the ASCS patent applications, Kelso seeks proprietary rights protection to allow for the development of our business of
converting existing commercial vehicles into heavy-duty, high-performance extreme terrain vehicles (ETVS). The innovations
disclosed in the ASCS patent applications are believed to be unique and to represent a dramatic improvement over existing
technologies presently used in commercial off-road vehicles. Vehicles featuring Kelso's proprietary technologies are
expected to provide distinct advantages to customers in terms of safety, performance and economic efficiencies.
Business plans include the production of ready-to-drive ETVS based on customer requirements utilizing their specified new or
used vehicles. The ETVS will be identified and marketed under Kelso's brand named and trade-mark Kelso
KIQXGEAR™. Conversion operations are located in our Bonham, TX facilities. Kelso believes production capability
can be scaled to 500 vehicles per year in our current facility.
Production prototypes utilizing the ASCS technology are scheduled for completion over the next 60 days and sales are expected
to commence in mid 2017. New commercial revenues are expected to be derived from customers requiring heavy duty ETVS
performance in military, railroad, police & border patrol, first responders, railroads, mining, forestry, and oil, gas and
electric transmission applications.
James R. Bond, CEO of the Company comments that: "With new industrial partners Kelso has been evolving into an engineering
services company in an effort to diversify away from our over reliance on a rail tank car industry that is mired in a prolonged
recession. The ASCS patent application and ETVS program is one example of several new business strategies being implemented
in 2017 in addition to our Emergency Response Kit for first responders announced in 2016. The ASCS patent program provides a
unique opportunity to participate in a multi-billion dollar marketplace with new innovative technologies. Management will
continue to initiate new market strategies along with the continued development of its established line of rail tank products to
generate a more reliable growth of financial performance in the future."
About Kelso
Kelso focuses on the creation of innovative engineered product solutions for a wide range of applications in transportation
markets. Our rail tank car division has successfully created and distributed a suite of proprietary equipment used in the
safe handling and containment of hazardous materials during transport. New product strategies concentrate on a wider range
of technology products that are designed to provide unique economic benefits and safe 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 public documents posted under the Company's profile on www.sedar.com 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 and Information: This news release contains
"forward-looking statements and information" within the meaning of applicable securities laws. Forward-looking statements are
indicated expectations or intentions. Forward-looking statements in this news release include without limitation: that Kelso
anticipates filing further patent applications relating to the ASCS technology as Kelso continues to develop and improve the ASCS
technology; that Kelso seeks proprietary rights protection to allow for the development of Kelso's business of converting
existing commercial vehicles into heavy-duty, high-performance ETVS; that innovations disclosed in the ASCS patent
applications are believed to be unique and to represent a dramatic improvement over existing technologies presently used in
commercial off-road vehicles; that vehicles featuring Kelso's proprietary technologies are expected to provide distinct
advantages to customers in terms of safety, performance and economic efficiencies; that we can produce ETVS to customer
requirements; that the ETVS will be identified and marketed under Kelso's brand name trade-mark Kelso KIQ-X Gear™; that
Kelso believes production capability can be scaled to 500 vehicles per year in its current facility; that Kelso can achieve
the timing in respect of completion of production prototypes and sales utilizing the ASCS technology; that commercial
revenues are expect to be derived from customers requiring heavy duty ETVS performance in various industries and that the ASCS
represents a unique opportunity for Kelso to participate in a multi-billion dollar marketplace with new innovative
technologies.
Although Kelso believes its anticipated future results, performance or achievements expressed or implied by the forward-looking
statements 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 as such statements 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.
Such risks and uncertainties include, without limitation; the risk that the Company's products may not work as well as
expected; we may not be able to break in to new markets, because such markets are served by strong and embedded competitors
or because of long term supply contracts; may not be able to grow and sustain anticipated revenue stream; we may have
underestimated the cost of product development and the time it takes to bring products to market; we may not be able to
finance our intended product development; that management may not be able to continue to initiate new product strategies to
secure a more reliable growth of financial performance in the future; our products may not sell as well as expected, and
competitors may offer better or cheaper alternatives to our products; our technologies may not be patentable, and if patents
are granted, we may not protect our investment in intellectual property if our patents are challenged; our intended
technologies may infringe on the intellectual property of other parties; we may not have any parties interested in licensing
our technology as expected and certain other risks detailed from time-to-time in Kelso's public disclosure documents.
The forward-looking information and statements contained in this document speak only as to the date of this document, and
Kelso does not assume any obligation to publicly update or revise them to reflect new events or circumstances, except as may be
required pursuant to applicable laws.