Kelso Technologies Inc. – Rail Operations in Review [Canadian Business Journal (Canada)]
Kelso Technologies Inc Ordinary Shares (KIQ)
NASDAQ:AMEX Investor Relations:
kelsotech.com/investors-fact-sheet
Company Research
Source: Canadian Business Journal
VANCOUVER, British Columbia and BONHAM, Texas, Jan. 15, 2020 (GLOBE NEWSWIRE) — Kelso Technologies Inc. (“Kelso” or the “Company”), (TSX: KLS), (NYSE American: KIQ) reports that the Company demonstrated stronger sales in 2019 – a trend that began in 2018 and continued to improve in 2019. Financial health improved significantly due to increases in revenue from a wide range of rail service valves, specialty products and services. Average monthly revenue increased from approximately US$500,000 in 2017 (recession year) to in excess of US$1,000,000 per month in 2018 to over US$1,650,000 per month for the nine months ended September 30, 2019. This run rate held steady during the fourth quarter of 2019 – an annual increase of over 60%. This change can be attributed to our improved relationships with stakeholders that fuel “customer driven” product designs and related sales – practices that are beginning to generate multiple equipment orders per tank car. Our value proposition for customer
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