UTLX and Kelso Technologies Enter Joint Agreement to Produce Pressure Relief ValvesDate Posted: January 10, 2005 Union Tank Car Co. and Kelso Technologies have entered into a five-year Joint Marketing and Development Agreement to manufacture and market Kelso’s patented JS SRV line of pressure relief valves. The Agreement encompasses all aspects of valve development and manufacturing, as well as marketing, technical support, and service. Union Tank Car will offer Kelso’s externally sprung safety valves as replacement valves on certain UTLX railroad tank cars, which are owned by UTLX and leased to bulk liquid shippers. The valves will also be offered as original equipment on new cars built by UTLX Manufacturing, Inc. for lease or sale. UTLX affiliate, McKenzie Valve and Machining Company will have the exclusive manufacturing rights in the U.S., Canada, and Mexico for all Kelso JS SRV pressure relief valves for sale to the North American rail industry. These include Kelso’s existing JS75 SRV and other valve designs that may be developed. McKenzie will also assist Kelso in valve development to ensure timely design-to-market cycles, manufacturing ease, and quality control. Kelso will be responsible for the marketing, sales, and technical support for after-sales service of its valves. Prospective customers will be railcar maintenance and repair facilities, tank car owners and lessees, as well as other manufacturers of tank cars. “Kelso JS SRV pressure relief valves are well-suited for both hazardous and non-hazardous product service and represent an alternative source of supply for quality safety relief devices,” explained UTLX President, Frank Lester. “These valves will also be a good choice for UTLX customers who ship products that require protective interior tank car coatings. "We always prefer to offer quality valves built by McKenzie.” “The adoption of our valve design by North America’s largest leased tank car fleet operator provides a major boost to the commercialization of our 21st Century technology,” said Stephen L. Grossman, President and CEO of Kelso. "It also means that we will be able to provide value and greater safety possibilities to transporters of bulk liquids.” See Related Websites/Articles: Supplier News & New Products
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