Kelso Technologies Inc.
TSX : KLS
NYSE MKT : KIQ

Kelso Technologies Inc.

October 28, 2015 09:00 ET

Kelso Technologies Inc. - New Patent

VANCOUVER, BRITISH COLUMBIA and DOWNERS GROVE, ILLINOIS--(Marketwired - Oct. 28, 2015) - Kelso Technologies Inc. (TSX:KLS)(NYSE MKT:KIQ) ("Kelso" or the "Company") reports that it has received United States Patent Number: 9,163,738 for the unique design of our new high pressure constant-force spring pressure relief valve (HPRV) for specialized use in the "Pressure Tank Cars" category of the rail tank car market.

The Company's HPRV is a derivative of our existing PRV patent and meets the performance specifications and regulatory requirements for pressure tank cars. It is designed for demanding applications in the transport of pressurized commodities such as propane and anhydrous ammonia. The new HPRV will be offered in 225PSI, 247PSI, 280PSI and 330PSI ratings. It is suitable for applications in both the new tank car and retrofit/repair markets. The Company anticipates that it can service up to an additional 10% of the rail tank car market annually.

Kelso has received an AAR application number for its HPRV. The HPRV has been pressure and flow tested and confirmed by an independent, AAR-approved engineering test facility in Nunn, Colorado, as required by the railroad industry. We anticipate that the service trial will commence in 2016 and be completed within two years. Final approvals from the Association of American Railroads (AAR) usually take up to one year for non-hazardous applications and two years for hazardous applications to obtain.

The development of our HPRV has been driven by customers' concerns and demand for a better performing HPRV. Our HPRV design meets the DOT-112 tank car specifications.

James R. Bond, CEO of the Company comments that, "Although 2015 has been a very tough year for the railway industry the Company's growing technology portfolio which is a key component of our long term success has advanced on schedule. Our HPRV is another example of our successful development initiatives to create new innovative safety technologies that deliver long term, reliable high performance. The response to our HPRV from industry stakeholders is very encouraging. The HPRV is a key part of our overall strategy to offer complete equipment solutions to our customers who utilize both general purpose and pressure tank cars. Kelso expects to advance its revenue streams from our new products as final AAR approvals are received and the rail tank car market improves in 2016 and beyond."

About Kelso Technologies

Kelso is a railway equipment supplier that designs, produces and sells proprietary tank car service equipment used in the safe handling 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 recognized as a reliable supplier of AAR approved railway equipment that addresses the regulatory 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 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: 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 the HPRV is suitable for applications in both the new tank car and retrofit/repair markets; that we anticipate that we can service up to an additional 10% of the rail tank car market annually; that the AAR service trials will commence in 2016; that we will get AAR approval for our HPRV product within two years; that our growing technology portfolio will advance our long term success and is on schedule; and Kelso expects to advance its revenue streams from our new products as final AAR approvals are received and the rail tank car market improves in 2016 and beyond. 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 reduce the potential effects of human error and environmental harm during the transport of hazardous materials; or grow and sustain anticipated revenue streams; AAR approvals may not be attained; the rail tank car market may not improve in 2016, orders may be cancelled and competitors may enter the market with new product offerings which could capture some of our expected market share. 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.

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