Kelso Technologies completes specialist KIT

Kelso Technologies has completed the development of a package of specialised equipment (KIT) for rail pressure cars that transport LPG such as propane and butane, and Natural Gas Liquid Chemicals (NGL) such as hydrogen fluoride.

The KIT includes the new patented pressure car pressure relief valve (PPRV), unique 2-inch angle valve (AV) combined with a check valve, needle valve, thermo-well and magnetic gauging device.

This product package increases Kelso’s technology footprint in rail tank technology. Its pressure car kit allows Kelso to participate in all market targets in the rail tank car industry with the exception of inhalation risk commodities such as chlorine which remain beyond the company’s risk/reward interests.

Kelso CEO, James R. Bond said: “Our reliance on the rail tank car market has severely damaged our financial performance over the past two years. Our future success will involve careful management of the risks and challenges imposed by the deep economic slump in rail that remains beyond our control. 

“Kelso has initiated diverse product development strategies in transportation markets that are anticipated to eventually generate multi-million-dollar revenue streams. Along with our diversification ambitions, we remain dedicated to our customers in the rail tank car technology. When capital investment activity improves in the future our best-of-technology rail products like our KIT will be able to generate healthy financial performance. Our corporate goal through our product development strategies is to achieve revenue stability from a wide range of customer bases in many different markets to initiate the growth of our business.”

For more information visit www.kelsotech.com

10th April 2017