MSS Multi-Glass International

Kelso Technologies Inc. (TSX VENTURE:KLS) - 

The Company and its wholly owned subsidiary Kelso Technologies (USA) Inc. are
pleased to report the that the first stage of its strategic plan to produce its
"Klincher(TM)" Manway Securement Systems ("MSS") for commercial sales and
distribution has commenced. Kelso established its first assembly plant for MSS
with the purchase of a 6,000 square foot building in Bonham, Texas for
US$129,000.


The Company has begun human resources recruitment and the development of an
initial supply chain for cast and fabricated components. Inventory management
systems and assembly operations are being designed and installed. The goal is to
build initial production capacity to 1,800 to 3,000 MSS units per year from all
sources. The first MSS units are expected to be available for market in late
2011.


The Company is working with a number of key customers on infrastructure
strategies that will determine rates of adoption for the MSS. The MSS is a
revolutionary technology change for the railroad industry where the return on
investment and arguments for customers' adoption of the MSS are compelling. They
include:




--  MSS bolt and strap design eliminates eye-bolt securement problems and
    possible leaks due to crushed gaskets hence reducing frequency of
    expensive regulatory fines.
--  Eliminates lid deformation and nozzle distortion due to the over-torque
    of eye-bolts.
--  Eliminates relaxation of gaskets under eye-bolt location.
--  Eliminates eye-bolt nuts loosening in transit due to vibration and
    improper cross-bolting technique.
--  MSS uses standard AAR-approved gasket retention method with currently
    used hard and soft gaskets.
--  ACME Thread on T-Bolt on MSS virtually eliminates loosening due to
    vibration.
--  Rigid collar at top of nozzle reduces risk of nozzle or lid distortion.
--  MSS provides fast opening and closing operation with one bolt management
    system.
--  Uniform load on the gasket provided by the MSS design prolongs gasket
    life.
--  MSS Reduces possible release of hazardous commodity in a roll-over
    accident by moving threaded closing mechanism below the plane of the
    lid.
--  Ease of operation with lightweight domed lid that can be further
    enhanced with a Kelso Lift Assistor.
--  There are no eye-bolts to kick at tank car inspection.



There are two key markets currently under development. The first is the OEM
market for new tank car production whose design and production cycle can run up
to 36 months. The second is the retrofit and repair market that can be developed
within the next six months.


When adoption rates can be predicted with better certainty there are two acres
of land adjacent to the Bonham building on which to build a new 20,000 to 40,000
square foot assembly facility customized to our needs to expand production
capacity up to 12,000 units per year when needed. The Bonham Industrial
Foundation Inc has offered to build this facility to our requirements in early
2012 and the Company has agreed to lease it once completed.


Bonham Mayor Roy Floyd announced that, "The City of Bonham and the Bonham
Industrial Foundation are happy Kelso has chosen to purchase property and put
down roots in our community. Bonham has pledged co-operation anyway possible to
make Kelso's Bonham plant both productive and profitable. Bonham thanks Kelso
for employment opportunities for our city. We are very proud of this new
industry."


About Kelso Technologies

Kelso is dedicated to becoming the dominate leader in the design and supply of
new innovative technologies aimed at the safe containment of hazardous materials
in transportation systems with the primary goal of generating above average
benefits for the environment, society, customers, industry work forces and our
stakeholders worldwide.


The Company designs, engineers; markets, sells, produces and distributes a
series of industrial products based on our patented technologies including
constant force pressure relief valves and a new unique MSS that are designed to
reduce the risk of environmental harm due to non-accidental events in the
transportation of hazardous commodities via railroad tank cars in North America.


Kelso is focused on the full scale commercial marketing and distribution of its
proprietary technologies. With the economic recovery in North America, the
enforcement of US and Canadian environmental regulations for shippers of
chemical commodities and the adverse effects of wear and tear on existing
railroad fleets management expects that the railroad industry will rebound
significantly. Management is confident that its corporate reorganization in 2010
laid the foundation from which to pursue a meaningful revenue stream from a
market made up of over 700 new tank-car builders, major chemical shippers,
repair shops and retrofitters. The Company will update, by way of news releases,
progress reports in the future.


For a more complete business and financial profile of the Company, management
encourages interested parties to view the Company's website at www.kelsotech.com
and public documents posted on www.sedar.com.


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 we will
build initial production capacity to 1,800 to 3,000 MSS units per year from all
sources, that the first MSS units are expected to be available for market in
late 2011, that we will have built and lease a new 20,000 to 40,000 square foot
assembly facility customized to our needs to expand production capacity up to
12,000 units per year when needed, that the railroad market will rebound
significantly and that a market of over 700 potential customers exists. The
Company's products involve detailed proprietary and engineering knowledge and
specific customer adoption criteria, hence factors that could cause actual
results to be materially different include that we may be unsuccessful in
raising any additional capital needs that may arise; we may not have sufficient
capital to develop, produce and deliver new orders; orders that are placed may
be cancelled; product may not perform as well as expected; markets may not
develop as quickly as anticipated or at all; or that the productive capacity of
Kelso may not be large enough to handle market demand. Further, we are reliant
on certain key employees who may leave the Company and we may be unable to
protect or defend our intellectual property. Investors are cautioned against
placing undue reliance on forward-looking statements. We assume no
responsibility to update these forward looking statements except to the extent
required by law.

Multi-Glass International (TSXV:MSS)
Historical Stock Chart
From May 2024 to Jun 2024

Multi-Glass International (TSXV:MSS)
Historical Stock Chart
From Jun 2023 to Jun 2024