Core Points - Kelso Technologies Inc. announced the retirement of CEO James R. Bond effective July 9, 2024, with Frank Busch appointed as interim CEO [2] - Frank Busch has been a director since February 2020 and has extensive experience in finance and leadership [5] - The company specializes in the design and production of proprietary service equipment for transportation applications, particularly rail tank car valve equipment [3] Group 1 - The company is focused on ensuring a smooth transition in leadership without disrupting existing operations [1] - Frank Busch will engage with stakeholders and review the company's market outlook and strategic planning [1][2] - The Board of Directors expressed gratitude for Mr. Bond's years of service [2] Group 2 - Kelso Technologies is recognized for its high-quality products that enhance safety and reduce environmental risks during the transport of hazardous and non-hazardous commodities [3] - The company aims to provide economic and operational advantages to its customers [3]

Group 1 - Mr. James R. Bond, the CEO and President of Kelso Technologies Inc., has announced his retirement effective July 9, 2024, and Mr. Frank Busch has been appointed as the interim CEO [5] - Mr. Busch has been a director of the Company since February 11, 2020, and is also the Chair of the Audit and Finance Committee [1] - Mr. Busch plans to reach out to stakeholders in the coming weeks to review the company's market outlook and strategic planning [2] Group 2 - Kelso Technologies is a diverse product development company specializing in the design, engineering, production, and distribution of proprietary service equipment for transportation applications [3] - The Company is recognized for its high-quality rail tank car valve equipment, which ensures safe handling and containment of hazardous and non-hazardous commodities during transport [3] - Kelso's products are designed to provide economic and operational advantages while minimizing human error and environmental impact [3]

Core Points - The Annual General and Special Meeting of Kelso Technologies Inc. was held on June 6, 2024, with 49.12% of the common shares voted [5] - The shareholders elected six directors, with James R. Bond receiving only 31.92% support, leading to his resignation tender [6][7][13] - The shareholders approved the reappointment of Smythe, LLP as auditors with 89.30% in favor [2] - Several equity incentive plans were not approved, including the omnibus equity incentive plan (24.54% for), unallocated stock options (25.07% for), and unallocated restricted share units (25.07% for) [8][15] Voting Results - A total of 26,741,861 common shares were voted out of 54,443,422 outstanding shares [1] - The number of directors was set to six, with 82.54% in favor [6] - The voting results for individual directors were as follows: - James R. Bond: 31.92% for, 68.08% withheld - Anthony Andrukaitis: 72.97% for, 27.03% withheld - Paul Cass: 82.89% for, 17.11% withheld - Laura Roach: 75.75% for, 24.25% withheld - Jesse V. Crews: 75.98% for, 24.02% withheld - Frank Busch: 75.98% for, 24.02% withheld [13][14] Company Overview - Kelso Technologies Inc. specializes in the design, engineering, production, and distribution of proprietary service equipment for transportation applications, particularly in rail tank car valve equipment [17]

Core Points - The omnibus equity incentive plan and various stock options were not approved by shareholders, with significant opposition reflected in the voting results [1] - The number of directors to be elected was set at six, receiving strong support from shareholders [2] - A total of 26,741,861 common shares were voted, representing 49.12% of the outstanding shares [4] - James R. Bond, the President and CEO, received less than majority support and has tendered his resignation as a director [11] - The reappointment of Smythe, LLP as auditors was approved with a high level of support [5] Voting Results - The omnibus equity incentive plan received 24.54% For and 75.46% Against [1] - The unallocated stock options plan received 25.07% For and 74.93% Against [1] - The unallocated restricted share units plan received 25.07% For and 74.93% Against [1] - The unallocated deferred share units plan received 25.03% For and 74.97% Against [1] - The election of directors showed James R. Bond with 31.92% For and 68.08% Withheld, while other nominees received higher support [18] Company Overview - Kelso Technologies Inc. specializes in the design, engineering, production, and distribution of proprietary service equipment for transportation applications, particularly in rail tank car valve equipment [14]

Financial Performance - For the three months ended March 31, 2024, the company reported revenues of $2,652,604, an increase from $2,459,958 in the same period of 2023, representing an 8% growth [3] - Gross profit for the same period was $1,109,826, slightly up from $1,086,568, with a gross profit margin of 42%, down from 44% [3] - The company recorded a net loss of $698,759, an improvement from a loss of $786,677 in the prior year [3] - Adjusted EBITDA loss improved to $(158,616) from $(531,618) year-over-year [3] Liquidity and Capital Resources - As of March 31, 2024, the company had cash on deposit of $1,066,089, down from $1,433,838 at the end of 2023 [6] - Accounts receivable decreased to $939,641 from $1,065,411, while inventory increased to $3,824,083 from $3,376,005 [6] - The working capital position was $4,023,140, down from $5,026,580 at the end of 2023 [7] - Total assets increased to $10,207,748 from $9,703,271, while net assets decreased to $8,021,489 from $8,720,248 [8] Industry Outlook - The rail tank car industry is expected to experience slow growth, with deliveries aligning with replacement demand levels [11] - Tank car deliveries are forecasted to range from 7,000 to 10,000 units in 2024, continuing at this level through 2025 [13] - The company aims to secure full AAR approvals for its rail pressure car products in 2024, which is crucial for revenue growth [9][15] - The company is positioned to service the rail tank car market, which consists of approximately 86,000 tank cars, presenting a significant financial growth opportunity [15] Automotive Innovations - The company is developing an Advanced Driver-Assistance System (ADAS) designed for commercial wilderness travel, with a focus on safety and operational efficiency [16][19] - A pilot production facility has been established to convert heavy-duty vehicles using proprietary technologies, expected to generate approximately $25 million in annual revenue starting in early 2025 [21][24] - The company aims to lead in the ADAS market for no-road environments, targeting a global market projected to reach $80 billion by 2030 [20]

Exhibit 99.1 | Meeting Type : | | Annual General and Special Meeting | | | --- | --- | --- | --- | | Record Date for Notice of Meeting : | | April 29, 2024 | | | Record Date for Voting (if applicable) : | | April 29, 2024 | | | Beneficial Ownership Determination Date : | | April 29, 2024 | | | Meeting Date : | | June 06, 2024 | | | Meeting Location (if available) : | | Vancouver, B.C. | | | Issuer sending proxy related materials directly to NOBO: | | Yes | | | Issuer paying for delivery to OBO: | | Yes | | ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F [ ] REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR [ ] SHELL COMPANY PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F [ ] REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR [ X ] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR [ ] SHELL COMPANY PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date ...

KELSO TECHNOLOGIES INC. ANNUAL REPORT For the Year Ended December 31, 2022 (Expressed in US Dollars unless otherwise indicated) Kelso Technologies Inc. Management Discussion and Analysis Year Ended December 31, 2022 (Expressed in US Dollars unless otherwise indicated) Page 2 of 24 MANAGEMENT DISCUSSION AND ANALYSIS GENERAL The following management discussion and analysis ("MD&A") of the operations and financial condition of Kelso Technologies Inc. (the "Company" or "Kelso") provides an overview of significa ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F [ ] REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR [ ] SHELL COMPANY PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of ...