Update on Active Suspension Control System
VANCOUVER, British Columbia and BONHAM, Texas, May 16, 2018 (GLOBE NEWSWIRE) -- Kelso Technologies Inc. (“Kelso” or the “Company”), (TSX:KLS), (NYSE American:KIQ) reports that its wholly owned subsidiary KIQ X Industries (KIQX) is approaching final engineering designs for its commercial production vehicle featuring Kelso’s proprietary (patents pending) Active Suspension Control System (ASCS). The design prototype vehicle is going through DOT inspections at this time to ensure compliance.
Effective June 1, 2018 KIQX will open a leased 3,400 square foot business facility in Kelowna to operate administration, marketing, driver education, spare parts, repairs and maintenance, sales, distribution and product development. For convenience the premise is located several blocks from the Company’s sub-contracted production facilities. The Company is completing production tooling and beginning to engage supply chain administration for conversion of multiple vehicles that will be available to the market.
The Company’s ASCS has been developed with emphasis on providing distinct advantages to customers in terms of better safety characteristics and more effective operational capabilities while mitigating the impact of human error and environmental damage in outback operations. The ASCS is ideal for customers who need to traverse rough outback terrain in a wheeled vehicle for the purpose of reaching remote destinations with multiple passengers and maximum payload. Although designed for commercial use it is well suited for both industry and leisure markets.
The Company’s key design dynamic is safety with minimal environmental impact. The engineering incorporated in Kelso’s ASCS is based on thirty years of research and experience and over 24 custom vehicle builds. The ASCS is believed to represent a dramatic improvement over existing technologies presently used in commercial combined road-no-road vehicles. At just under 2 pounds PSI (humans range from 5 to 9 pounds PSI) the ASCS equipped vehicle will have minimum environmental impact on outback operations due to the distribution of the overall weight of the vehicle.
The key advantage of the ASCS is its ability to adjust the center-of-gravity of the vehicle during operations with its proprietary automated gyroscopic controlled air suspension. This ensures that the driver, passengers and payload remain in as safe, stable and level position as possible when driving in difficult rugged outback terrains including flooded areas. The ASCS technology package is well suited for use in desert, mountain, snow and low lying water regions around the world.
James R. Bond, CEO of the Company comments “We believe that there is a large under serviced commercial outback market where specialized technology that can safely improve performance will be welcome. Kelso also believes that our ASCS may be the most unique, safest and capable suspension system in the world for motor vehicles being used in rugged outback terrains. The commercialization of the ASCS is expected to give Kelso the potential of developing multi-million dollar opportunities in future periods. We believe that the Company’s ASCS combined with our specialized rail technologies provides a strong diversified product platform that can provide the Company with reliable business growth opportunities and a steady improvement of financial returns for years to come.”
About Kelso Technologies
Kelso is an engineering product development company that specializes in the development, production and distribution of proprietary service equipment used in transportation applications. Our reputation has been earned as a developer and reliable supplier of unique high performance rail tank car equipment for the handling and containment of hazardous and non-hazardous commodities during transport. All Kelso products are developed with emphasis on economic and operational advantages to customers while mitigating the impact of human error and environmental release. The Company offers specialized truck tanker equipment, rail wheel cleaning systems, fuel loading systems, military applications, first responder emergency response kits and suspension systems for motor vehicles being used in rugged outback terrains.
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
Advancing the Commercialization of ASCS Suspension
Vancouver, British Columbia and Bonham, Texas - Kelso Technologies Inc. (“Kelso” or the “Company”), (TSX: KLS), (NYSE American: KIQ) reports that the Company has completed the design and implementation of its proprietary Active Suspension Control System (ASCS). Kelso has successfully outfitted a 2017 Ford F150 production prototype (Prototype) with the ASCS. The Prototype features our suspension-related patents (pending) that have been designed to provide heavy duty performance capability in rugged outback terrains as well as standard road conditions.
Implementation of Kelso’s business infrastructure and plans for the ASCS project has commenced. The ASCS division of Kelso will operate under the Company’s wholly owned British Columbia subsidiary KIQ X Industries Inc (KIQX) located in Kelowna, BC, Canada. ASCS equipment will be marketed under the trade name Kelso KIQ X Gear™. All requirements of commercial production including sub-contracted facilities & equipment, supply chain and engineering are expected to be completed on or before the end of February 2018.
The ASCS is a unique suspension methodology based on thirty years of research and experience. It is believed to represent a dramatic improvement over existing technologies presently used in commercial combined road-no-road vehicles. Vehicles featuring the ASCS are expected to provide distinct advantages to customers in terms of safety, effective performance and operational capabilities. The basic design premise of the ASCS is to manage the center-of-gravity of the vehicle with automated gyroscopic controlled air suspension. This ensures that the driver, passengers and payload remain in a stable position when driving in difficult rugged outback terrains including flooded areas. The ASCS technology package is well suited for use in desert, mountain, snow and low-lying water regions around the world.
Commercial sales and distribution are expected on or before March 1, 2018. Initial marketing initiatives for KIQ X Gear will focus on customers requiring reliable suspension performance in operations involving search & rescue, military, railroad, police & border patrol, first responders, railroads, mining, forestry, agriculture, ranching, pipelines, telecommunications, oil, gas, electric transmission and recreation.
James R. Bond, CEO of the Company comments that: “Our ASCS program is a key opportunity for Kelso to expand its brand in new non-railroad related markets. Many areas around the world such as Africa, Australia, Middle East and North America require high-performance outback suspension technology. The ASCS suspension is a key addition to our diversification business model. Our focus is to create a new breed of high-value Kelso products that can generate multi-million-dollar cash flows from domestic and international markets.”
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