Kelso Technologies Inc. Announces Permanent CEO Appointment
February 10 2025 - 12:09PM
Kelso Technologies Inc. (“Kelso” or the “Company”) (TSX:KLS) is
pleased to announce the appointment of Frank Busch as the company's
permanent Chief Executive Officer. Mr. Busch has been serving as
interim CEO since July 2024.
“Frank has proven to be an excellent choice as
Interim Chief Executive Officer during his first six months in the
role,” said Paul Cass, Lead Independent Director. “As such, the
Board of Directors have unanimously agreed to offer him the
position of Chief Executive Officer for the organization, to which
he has accepted. We look forward to the impact of Frank’s
leadership, vision and execution focus on the future success of
Kelso.”
Mr. Busch added, "I am honored to be appointed
as the CEO of Kelso Technologies. I look forward to working with
our talented team to execute on our strategic plan and achieve our
growth objectives. This includes carefully managing our resources
and positioning ourselves for the exciting opportunities we see on
the horizon."
The company is preparing to present its FY2025
outlook in the coming weeks.
About Kelso Technologies
Kelso is a diverse transportation equipment
company that specializes in the creation, production, sales and
distribution of proprietary products used in rail and automotive
transportation. The Company’s rail equipment 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 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 potentially dangerous
effects of human and technology error through the use of the
Company’s portfolio of proprietary products.
For a more complete business and financial
profile of the Company, please view the Company's website at
kelsotech.com and public documents posted under the Company’s
profile on SEDAR in Canada and on EDGAR in the United States.
On behalf of the Board of Directors,
Frank BuschChief Executive Officer
Legal Notice Regarding Forward-Looking
Statements: This news release contains “forward-looking
statements” within the meaning of applicable securities
legislation. Forward-looking statements indicate expectations or
intentions. Forward-looking statements in this news release include
achieving growth objectives. Although Kelso believes the Company’s
anticipated future results, performance or achievements expressed
or implied by the forward-looking statements and information are
based upon reasonable assumptions and expectations, they can give
no assurance that such expectations will prove to be correct. The
reader should not place undue reliance on forward-looking
statements and information as such statements and information
involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of
Kelso to differ materially from anticipated future results,
performance or achievement expressed or implied by such
forward-looking statements and information, including without
limitation that the risk that the longer-term effects on the rail
industry including high interest rates, inflation and short supply
chain issues may last much longer than expected delaying business
orders from customers; that the development of new products may
proceed slower than expected, cost more or may not result in a
saleable product; that tank car producers may produce or retrofit
fewer than cars than expected and even if they meet expectations,
they may not purchase the Company’s products for their tank cars;
capital resources may not be adequate enough to fund future
operations as intended; that the Company’s products may not provide
the intended economic or operational advantages to end users; that
the Company’s new rail products may not receive regulatory
certification; that customer orders may not develop or be
cancelled; that competitors may enter the market with new product
offerings which could capture some of the Company’s market share;
that a new product idea under research and development may be
dropped if ongoing product testing and market research reveal
engineering and economic issues that render a new product concept
infeasible; and that the Company’s new equipment offerings may not
capture market share as well as expected. Except as required by
law, the Company does not intend to update the forward-looking
information and forward-looking statements contained in this news
release.
For further
information, please
contact:
Frank BuschInterim Chief Executive OfficerEmail:
busch@kelsotech.com |
Sameer Uplenchwar Chief Financial OfficerEmail:
sameer@kelsotech.com |
Head office:305 – 1979 Old Okanagan Hwy,West Kelowna, BC V4T 3A4
www.kelsotech.com |
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