Kelso Technologies Inc. reports that further to our press release of February 8, 2017, the Company has successfully completed a full scale proof-of-patents extreme terrain vehicle (ETVS) prototype known as Big Red. The Big Red prototype features a Ford F150 truck that was converted with the seven new patents (pending) that have been articulated into one functional vehicle. Big Red will remain our test vehicle to further improve the abilities of our products.
As previously announced Kelso has filed a United States provisional patent application and a corresponding Canadian patent application for an Active Suspension Control System and Method for No-Road Vehicles (ASCS). The ASCS patent applications are owned by Kelso and cover numerous new technologies including computer assisted operations. Kelso anticipates filing further patent applications relating to the ASCS technology as Kelso continues to develop and improve the ASCS technologies.
Kelso is now in the process of creating its initial production prototypes based on the most popular commercial vehicles in service today. They are scheduled for completion over the next 90 days and sales are expected to commence in 2017. New commercial revenues are expected to be derived from customers requiring heavy duty ETVS performance in military, railroad, police & border patrol, first responders, railroads, mining, forestry, and oil, gas and electric transmission applications.
With the proof of our ASCS patent applications, Kelso will continue the development of our business model to convert existing commercial vehicles into heavy-duty, high-performance extreme terrain vehicles. The innovations disclosed in the ASCS patent applications are believed to be unique and to represent a dramatic improvement over existing technologies presently used in commercial combined road and no-road vehicles. Vehicles featuring Kelso`s proprietary technologies are expected to provide distinct advantages to customers in terms of safety, performance and economic efficiencies.
James R. Bond, CEO of the Company comments that: "Due to a deep depression in the railway tank car market Kelso has been evolving into a mechanical engineering services company in an effort to diversify away from our reliance on the rail tank car industry. The ASCS program provides a unique opportunity to participate in a multi-billion dollar marketplace with new innovative technologies. ETVS business plans include the production of ready-to-drive ETVS based on customer requirements utilizing their specified vehicles as well as parts supply commerce. Management will continue to initiate new market strategies along with the continued development of its established line of rail tank products to generate a more reliable growth of financial performance in the future."
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