Kelso Technologies Inc. KXI – Suspension and WILDERTEC Program Update
VANCOUVER, British Columbia and BONHAM, Texas, June 09, 2020 (GLOBE NEWSWIRE) -- Kelso Technologies Inc. (“Kelso” or the “Company”), (TSX: KLS), (NYSE American: KIQ) reports that through the Company’s wholly owned subsidiary KIQ X Industries Inc. (“KIQX”) is working to become a leading developer of a new generation of specialized wilderness response transportation equipment under the Company’s KXI WILDERTEC (“KXI”) development program.
The KXI program’s flagship product is a unique patent-pending wilderness suspension system for wheeled vehicles (the “KXI Suspension”). The KXI Suspension provides new rapid response “Road-To-No-Road” capabilities for commercial operators regardless of the climate or the severity of the terrain. The KXI Suspension also provides unique versatility in commercial wilderness applications reducing dependencies on less capable all terrain vehicles such as pick up trucks, ATVs, track machines, heavy equipment and helicopters. The KXI Suspension meets the environmental benchmark of less than 2 PSI of nominal vehicle ground pressure and leaves virtually no environmentally destructive tracks in its path, meeting Kelso’s corporate goals of producing products that can minimize environmental harm.
Still subject to the many business challenges including supply chains imposed by the current COVID-19 pandemic, KXI Suspension is in its final product development stages. KIQX has successfully completed the first KXI Suspension equipped vehicle prototype and is working to complete the second prototype conversion in the second quarter of 2020. These prototypes provide the final design template for the initial commercial pilot production system whereby 24 vehicles will be equipped with KXI Suspensions that will be sold or leased to customers. This will set the stage for scaling production plans to meet market demand.
KIQX is currently securing interested independent third-party commercial partners for the Company’s independent wilderness testing program which will lead to the commencement of Kelso’s full marketing initiatives. Initial interest to the KXI has been very encouraging. Many wilderness stakeholders have expressed their willingness to test the KXI in their operations with their goal of expanding their adoption of the KXI Suspension system.