Kelso Technologies Inc.: Commercial Dual Rated Pressure Relief Valve
24 4월 2014 - 10:00PM
Marketwired
Kelso Technologies Inc.: Commercial Dual Rated Pressure Relief
Valve
VANCOUVER, BRITISH COLUMBIA and DOWNERS GROVE,
ILLINOIS--(Marketwired - Apr 24, 2014) - Kelso Technologies Inc.
(TSX-VENTURE:KLS)(OTCQX:KEOSF) - The Company reports that it has
successfully developed its dual rated pressure relief valve
("DPRV") for commercial applications. The new DPRV has been
designed pursuant to an industry-wide request by the Association of
American Railroads ("AAR") and the Rail Supply Institute ("RSI")
for higher performance standards for pressure relief valves used on
rail tank cars carrying crude oil, ethanol and other flammable
commodities. This is a key part of ongoing regulatory efforts by
the United States and Canada to provide safer DOT 111 tank
cars.
On February 20, 2014 Kelso announced that it had filed a patent
application for its DPRV design for use on new rail tank cars and
retrofits of existing rail tank cars. Our design team successfully
created the DPRV based on our existing patents that cover our
external constant force spring pressure relief valve ("EPRV")
design. Our DPRV features simple mechanical engineering innovations
to our existing EPRV platform. The new DPRV is designed to exceed
the AAR and RSI recommended safety benefits in both accident and
non-accident environments.
In general terms in a rail tank car accident involving fire our
DPRV will significantly lower its operating pressure rating based
on temperature only to a level that will keep the valve open in
order to evacuate the tank car in less than 100 minutes as
specified by AAR recommendations. This is a dramatic change to
current technology capability. In addition, Kelso believes its DPRV
will provide economic advantages to the impact of the expense of
retrofits facing the railroad industry. Our DPRV is an extension of
our current EPRV products so that it fits seamlessly to existing
tank car designs and can be retrofitted in the field to minimize
costs.
Our unique approach to the DPRV will allow Kelso, in a very
short time frame after final AAR approval, to deliver a proven high
performance product at production capacities that exceed all North
American railroad annual OEM, retrofit and repair needs for this
product. Our new 44,000 square foot facility in Bonham, Texas in
combination with our existing 47,000 square foot facilities have
been designed to produce the DPRV in desired volumes commencing in
July 2014.
About Kelso Technologies
Kelso is a railroad equipment supplier that designs, produces
and sells proprietary tank car service equipment used in the safe
loading, unloading and containment of hazardous materials during
transport. Products are specifically designed to provide economic
and operational advantages while reducing the potential effects of
human error and environmental harm during the transport of
hazardous materials. The Company is experiencing multi-million
dollar revenue growth based on customer adoption criteria for our
commercial products which is partly due to increased regulatory
activity over concerns about railroad safety in North America.
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 on www.sedar.com.
On behalf of the Board of Directors,
James R. Bond, CEO and President
Legal Notice Regarding Forward-Looking Statements: This news
release contains "forward-looking statements" within the meaning of
applicable Canadian securities legislation. Forward-looking
statements are indicated expectations or intentions.
Forward-looking statements in this news release include that our
new DPRV is designed to exceed the AAR and RSI recommended safety
benefits in both accident and non-accident environments; our DPRV
will significantly lower its operating pressure rating in order to
evacuate the tank car in less than 100 minutes; the DPRV will
provide economic advantages to the impact of the expense of
retrofits facing the railroad industry; our unique approach to the
DPRV will allow Kelso, in a very short time frame after AAR
approval, to deliver a proven high performance product at
production capacities that exceed all North American railroad
annual OEM, retrofit and repair needs for this product; and the
Company is experiencing multi-million dollar revenue growth based
on customer adoption criteria for our commercial products which is
partly due to increased regulatory activity over concerns about
railroad safety in North America. Although Kelso believes its
anticipated future results, performance or achievements expressed
or implied by the forward-looking statements and information 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 and information as such statements and information
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 and information, including without
limitation the risk that the Company's products may not provide the
intended economic or operational advantages; or perform as expected
or reduce the potential effects of human error and environmental
harm during the transport of hazardous materials; or grow and
sustain anticipated revenue streams. Except as required by law, the
Company does not intend to update the forward-looking information
and forward-looking statements contained in this news release.
Neither the
TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release.
Kelso Technologies Inc.James R. BondCEO and
President250-764-3618bond@kelsotech.comKelso Technologies
Inc.Richard LeeChief Financial
Officer604-590-1525lee@kelsotech.comwww.kelsotech.com
Kelso Technologies Inc. (TSXV:KLS)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
Kelso Technologies Inc. (TSXV:KLS)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024