Kelso Technologies Inc., a diversified transportation equipment company, has announced significant changes in its leadership and governance. Anthony (Tony) Andrukaitis will retire from the Board of Directors and as Chief Operating Officer effective June 3rd, 2025, and July 1st, 2025, respectively.

Meet the Retirees

* Anthony (Tony) Andrukaitis: A dedicated executive with over five years of service as a Board Member and COO. Tony oversaw the operations of the Bonham, Texas facilities, as well as the development and production of the Company’s rail product line. * Amanda Smith: The newly appointed COO, who will assume Tony’s duties starting July 1st, 2025. Amanda is an Executive Vice President who has been with the Company since October 24, 2011, and has been mentored by Tony to assume his roles and responsibilities.

Welcoming a New Board Member

Kelso Technologies Inc. is pleased to welcome Mark Temen of Phoenix, Arizona, as the sixth member of the Kelso Board. Mark brings years of finance and business experience to the Board and will contribute financial expertise to the existing members.

  • Mark Temen’s appointment contributes to enhanced board governance, bringing financial expertise and knowledge, network, and business experience to the Board.
  • The Board and Management of Kelso Technologies Inc. welcome Mark Temen to the board, thanking Mr. Andrukaitis for his lengthy, loyal and diligent service to the Company and its stakeholders, and wishing him a very happy and well-deserved retirement.

Quote from the CEO

“It has been a pleasure working with Tony over the last five years. Tony was particularly helpful through the management changes during summer and autumn of 2024. Tony’s guidance with corporate and industry knowledge helped the new management team get up to speed quickly, resulting in a smooth transition,” said Frank Busch, President and CEO.

Quote from the Incoming COO

“Tony’s patience, kindness and leadership guided Kelso through extreme business challenges, market fluctuations and economic uncertainties while maintaining a positive culture. With his industry knowledge, extensive network and relationships, I’ve been fortunate to have him mentor, support and invest in me and my personal development as his successor,” said incoming COO, Amanda Smith.

Upcoming Changes

The Company anticipates a seamless transfer to Ms. Smith on July 1st, 2025, at which time she will fully assume the role of COO. As part of management’s ongoing efforts to reduce expenses, the position of Executive Vice President of Operations will be eliminated.

Event Anticipated Date Details
COO Transition July 1st, 2025 Amanda Smith will assume the role of COO, following a seamless transfer from Tony Andrukaitis.
Elimination of Executive Vice President of Operations Effective immediately The position will be eliminated as part of management’s ongoing efforts to reduce expenses.

About Kelso Technologies Inc.

Kelso Technologies Inc. is a diverse transportation equipment company that specializes in the creation, production, sales and distribution of proprietary products used in rail and automotive transportation. The Company’s rail equipment business has been developed as a designer and reliable domestic supplier of unique high-quality tank car valves that provide for the safe handling and containment of commodities during rail transport.

Definitions

* Forward-Looking Statements: Indicate expectations or intentions and are not based on historical facts. Forward-looking statements contain the words “anticipates,” “believes,” “expects,” “plans,” “intends,” and “projects.”
* Corporate Governance and Nominating Committee: The committee is responsible for the nomination and appointment of directors, as well as the governance of the Board of Directors.

Legal Notice Regarding Forward-Looking Statements

Kelso Technologies Inc. hereby states that this news release contains “forward-looking statements” within the meaning of applicable securities legislation. Forward-looking statements indicate expectations or intentions and are not based on historical facts. The reader should not place undue reliance on forward-looking statements and information as such statements and information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Kelso to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information.

About Kelso Technologies Inc.

For a more complete business and financial profile of the Company, please view the Company’s website at www.kelsotech.com and public documents posted under the Company’s profile on SEDAR in Canada and on EDGAR in the United States.

Contact

On behalf of the Board of Directors,
Frank Busch, CEO
Legal Notice Regarding Forward-Looking Statements: This news release contains “forward-looking statements” within the meaning of applicable securities legislation. Forward-looking statements indicate expectations or intentions. Forward-looking statements in this news release include that our new Chief Operating Officer will seamlessly transition into the new role; and that our new director will enhance governance of the board of directors through his finance and business experience. Although Kelso believes the Company’s anticipated future results, performance or achievements expressed or implied by the forward-looking statements and information are based upon reasonable assumptions and expectations, they can give no assurance that such expectations will prove to be correct. The reader should not place undue reliance on forward-looking statements and information as such statements and information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Kelso to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information, including without limitation that the risk that the longer-term effects on the rail industry including high interest rates, tariffs, inflation and supply chain issues may reduce, postpone or cancel business orders from customers; that the development of new products may proceed slower than expected, cost more or may not result in a saleable product; that tank car producers may produce or retrofit fewer than cars than expected and even if they meet expectations, they may not purchase the Company’s products for their tank cars; capital resources may not be adequate enough to fund future operations as intended; that the Company’s products may not provide the intended economic or operational advantages to end users; that the Company’s new rail products may not receive regulatory certification; that customer orders may not develop or be cancelled; that competitors may enter the market with new product offerings which could capture some of the Company’s market share; that a new product idea under research and development may be dropped if ongoing product testing and market research reveal engineering and economic issues that render a new product concept infeasible; and that the Company’s new equipment offerings may not capture market share as well as expected. Except as required by law, the Company does not intend to update the forward-looking information and forward-looking statements contained in this news release.