Kelso Technologies Inc. (NASDAQ: KIQ) stock gained by 4.83% at last close whereas the KIQ stock-price plunge by 5.65% in the after-hours trading session even though the company has not provided any current news on this. Kelso is a multi-faceted product development firm that specializes in the design, manufacture, and sale of specialized transportation service equipment. The company’s image as a designer and dependable supplier of one-of-a-kind, high-quality rail tank car valve equipment has been earned.
KIQ stock’ Past Development
Kelso Technologies announced that it has finalized the design, engineering, and regulatory evaluation of two critical components of truck tanker equipment designed to ensure the safe containment and pressure management of products transported by road.
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A combination pressure/vacuum relief valve (PVR) and a one-bolt manway are among the specialty goods (OBM). These unique products are built on their existing patents for rail tank car applications, and they comply with all DOT 407 49 CFR 178.345 rules. KIQ’s strategic development partners have been important in finalizing all design specifications for roadway applications during the last many years. Kelso thinks it has achieved a critical milestone in getting the PVR and OBM designs approved by the trucking industry, paving the way for broad market implementation.
Many prototypes of the PVR and OBM were put on a truck tanker during the development phase for design testing and analysis by the Company’s industrial technology partner. The OBM and PVR were thoroughly field-tested and successfully verified at a third-party laboratory after design conclusion, ensuring that both products met or exceeded the set specifications, and are now ready for full market distribution. The company has begun marketing and sales efforts to encourage widespread use of the OBM and PVR truck tankers. These new product introductions, according to management, might result in new multi-million-dollar revenue potential in the truck tanker industry.