Kelso Technologies Inc. Receives Notice of Non-Compliance From NYSE American

VANCOUVER, British Columbia and BONHAM, Texas, Dec. 18, 2023 (GLOBE NEWSWIRE) -- Kelso Technologies Inc. (“Kelso” or the “Company”), (TSX: KLS), (NYSE American: KIQ) reports that Kelso received a notification letter (the “Notice”) dated December 12, 2023 from the NYSE American LLC (the “NYSE American”) stating that the Company is not in compliance with the continued listing standards as set forth in Section 1003(f)(v) of the NYSE American Company Guide (“Company Guide”). The Notice stated that the NYSE American staff had determined that the Company’s securities have been trading at a low price per share for a substantial period of time.

The Notice further stated that the Company’s continued listing is predicated on it effecting a reverse stock split of its common shares or otherwise demonstrating sustained price improvement within a reasonable period of time, which the NYSE American determined to be no later than June 12, 2024. The NYSE American can take accelerated delisting action in the event that the Company’s common shares trade at levels deemed to be abnormally low.

The Notice has no immediate effect on the listing status of the Company’s securities on the NYSE American and the Company’s common shares will continue to trade on the NYSE American under the symbol “KIQ”, but will have an added designation of “.BC” to indicate that the Company is below-compliance with the Company Guide. The Company intends to evaluate its business plans, strategic alternatives and listing objectives in cooperation with NYSE American representatives. There can be no assurance, however, that the Company will be able to regain compliance with the listing standards discussed above.

About Kelso Technologies

Kelso is a diverse engineering company that specializes in the creation, production, sales and distribution of proprietary products used in rail and automotive transportation. The Company’s rail engineering business has been developed as a designer and reliable domestic supplier of unique high-quality rail tank car valves that provide for the safe handling and containment of hazardous and non-hazardous commodities during rail transport. The automotive division of the Company has created the first proven automated suspension-based Advanced Driver Assistance System for commercial mission-critical wilderness operations. All Kelso products are specifically designed to address the challenging issues of public safety, worker well-being and potential environmental harm while providing effective and efficient operational advantages to customers. Kelso’s innovation objectives are to create products that diminish the potential dangerous effects of human and technology error through the use of the Company’s portfolio of proprietary products.