Kelso to ship $137,000 (U.S.) order to United States
posted on
May 17, 2010 03:49PM
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Kelso to ship $137,000 (U.S.) order to United States 2010-04-29 13:29 ET - News Release Mr. James Bond reports KELSO TECHNOLOGIES INC.: PURCHASE CONTRACT RECEIVED Kelso Technologies Inc. has received a commercial order for its engineered products from a large United States-based company in the amount of $137,000 (U.S.). The order is scheduled to be shipped in the company's fourth-quarter 2010. With the expected economic recovery, the enforcement of U.S. and Canadian environmental regulations for shippers of chemical commodities and the effects of wear and tear on existing railway fleets it is expected that the railray industry will rebound significantly over the next decade. Management is confident that new tank-car builders, major chemical shippers, repair shops and retrofitters will choose Kelso products for installation in meaningful volumes once its financial health is restored. A key goal of the company's current reorganization is to provide a solid structural and financial foundation from which to build a business reputation as a reliable supplier of "best-available-technology" products to over 700 customers that constitute the railway industry. Once established, Kelso will work diligently to maintain its reputation as a valued supplier of pressure-relief and inspection valves to the rail-tank car sector. Kelso looks forward to what appears to be a better outlook for revenue from its product categories over the next decade. For a more complete business and financial profile of the company, management encourages interested parties to view the company's documents posted on SEDAR. We seek Safe Harbor.