KELSO TECHNOLOGIES Business Summary

Kelso Technologies Inc. (KIQSF) is a specialized product engineering firm that generates revenue through the design, production, and distribution of proprietary safety equipment for the transportation of hazardous and non-hazardous materials. The company’s primary business segment is Rail Tank Car Equipment, where it sells high-performance pressure relief valves, vacuum relief valves, bottom outlet valves, and manway securement systems to original equipment manufacturers (OEMs), retrofit shops, and major shippers. Beyond its core rail operations, Kelso maintains a growing presence in the road transport and heavy equipment sectors through its Trucking and Hydrau-Flo fueling valve lines, targeting industries such as military, mining, and oil and gas. In the competitive landscape, Kelso operates as a niche component specialist alongside larger industrial players like Midland Manufacturing (a Dover company), Salco Products, and Wabtec Corporation, distinguishing itself through stem-free valve designs and ceramic technology aimed at reducing environmental release risks. Originally incorporated in 1987, the company is currently led by a revitalized executive team focused on operational efficiency and market diversification. Chief Executive Officer Frank Busch, appointed permanently in February 2025, brings over 20 years of experience in finance and indigenous relations, having previously served in leadership roles across various financial organizations. He is supported by Chief Financial Officer Sameer Uplenchwar, a CPA with a pedigree in investment banking at Morgan Stanley and energy research at GMP Capital, and Chief Operating Officer Amanda Smith, who joined from Caterpillar Inc. where she spent a decade in senior procurement and project management. The board is bolstered by notable industry veteran Jesse V. Crews, an Independent Director whose background includes serving as the CEO of GATX Capital and Chief Investment Officer of Trinity Rail Leasing Corporation, providing deep institutional knowledge of the global rail leasing and finance markets.