Kelso Technologies’ KIQ X Industries establishes Phase-One production facility

Kelso Technologies reports that its wholly owned subsidiary KIQ X Industries is establishing an initial Phase-One production facility with additional leased space at its current research and development facility in West Kelowna, BC, Canada. This Phase-One production facility is being designed and tooled to convert different classes of heavy duty “host” vehicles with the Company’s patents pending proprietary Automated Traction Optimization Method for Vehicle Suspension Systems. These vehicles are targeted to be sold to customers operating in extreme terrain environments who have specified their custom user case requirements utilizing the Company’s Method technologies. Once completed the Phase-One facility is expected to have a production capacity potential to facilitate approximately $25 million of annual revenue commencing in late 2024. With the assistance of the landlord, the current facility can be scaled to meet long term production volumes to service in excess of $100 million per year at the same location. The facility will house R&D, Phase-One production and an on-site test track.