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MSS Multi-Glass International

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Share Name Share Symbol Market Type
Multi-Glass International TSXV:MSS TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
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Kelso Technologies Inc.: Manway Assembly and Distribution Facility Planned for Bonham, Texas

29/03/2011 8:32pm

Marketwired Canada


Kelso Technologies Inc. (TSX VENTURE:KLS) (the "Company") - 

James R. Bond, CEO and President of the Company reports that the Company has
formulated its assembly and distribution plans for its new Manway Securement
System ("MSS") based on its market research and assessment of inputs from
various key manufacturers, retrofit and repair shops servicing the railroad tank
car, highway truck trailer and ISO tank industries.


The Company intends to establish a 40,000 to 50,000 square foot assembly
facility in Bonham, Texas to produce the patented MSS units. The production
target capacity will be 12,000 MSS units per year with a selling price range of
approximately US$2,000 for truck MSS units that are lighter and cheaper to
produce and up to US$6,500 per unit for rail tank cars based on custom design
and high end material specifications.


The new Bonham facility will also include the capacity for assembly, test and
certification of up to 4,000 valves per year. The Company wants to ensure that
production capacity for both products can be scaled upward when necessary with
limited additional investment. The key significance of Bonham is that it is
within a 110 mile radius of its largest customers.


Mr. Neil Gambow, CEO and President of the Company's wholly owned subsidiary
Kelso Technologies (USA) Inc. comments that, "Our MSS is a breakout product
opportunity and a key milestone in the business development of Kelso
Technologies. Our patented MSS offers many new, innovative and unique advantages
compared to current systems which have not been improved in decades. It
addresses modern environmental sensitivities, human error, safety, product
performance and cost benefits of ownership. We are currently pursuing some
significant product marketing opportunities that are under development and we
are hopeful of our participation in these projects."


The Company will concentrate all of its resources on the productive supply
chain, assembly and distribution lines required to produce valve and MSS units
in adequate numbers to satisfy customer demand. To do this, management has
suspended its research and development of anti-corrosion coatings for the time
being.


About Kelso Technologies

Kelso designs, engineers; produces; markets and distributes innovative
proprietary products 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. Operations are based in Vancouver, Chicago
and Bonham, Texas.


The Company's innovative "best of technology" products and production facilities
now meet the demanding design, testing and production standards of the AAR.
Kelso is now focused on the full scale commercial marketing and distribution of
its proprietary technologies in 2011.


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
reorganization in 2010 has laid the foundation from which to pursue a market
made up of over 700 new tank-car builders, major chemical shippers, repair shops
and retrofitters. This will allow the Company to grow its new MSS and pressure
relief valve business successfully over the coming years. 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
intend to establish a 40,000 to 50,000 square foot assembly facility in Bonham,
Texas to produce the MSS units; that the production target capacity will be
12,000 MSS units per year with a selling price range of approximately US$2,000
for truck MSS units and up to US$6,500 per unit for rail tank cars; that
production capacity for both products can be scaled upward; that the facility
will include the capacity for assembly, test and certification of up to 4,000
valves per year; we will participate in significant bids to supply product, that
our products reduce the risk of environmental harm, that we will become a
reliable supplier of high quality "best of technology" proprietary products;
that we can move to full scale commercial marketing and distribution of our
products in 2011; that a market of over 700 potential customers exists, that the
railroad industry will rebound significantly and that we can grow our manway
securement system and valve business. Actual results could be significantly
different than indicated. 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 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 able to be developed as
expected because of finance, zoning, employment or other issues that may arise.
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. Competitors may
develop better or cheaper alternatives to our products. 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.


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