October 21, 2017 5:01 AM ET

Machinery

Company Overview of GJ Tech Co., Ltd.

Company Overview

12 Seongseo-ro 24-gil

Dalseo-gu

Daegu,  42721

South Korea

Key Executives for GJ Tech Co., Ltd.

GJ Tech Co., Ltd. does not have any Key Executives recorded.

GJ Tech Co., Ltd. Key Developments

Kelso Technologies Inc. Enters Exclusive Technology Development Agreement with G & J Technologies Inc

Kelso Technologies Inc. report that it has entered an exclusive Technology Development Agreement with G & J Technologies Inc. (“G & J”). The Agreement focuses on the development, commercialization and production of proprietary products used in heavy-duty, high-performance extreme terrain vehicles (ETVS). The Agreement gives Kelso the worldwide, perpetual, exclusive rights to develop with G & J a new generation of patented technologies that enhance the capabilities of ETVS. The Agreement gives Kelso the right to patent, market, manufacture, distribute and license all specialized technologies covered under the Agreement. Kelso plans to utilize these technologies to create ETVS components that can generate multi-million dollar revenue streams. Prototype vehicles featuring the technologies have been conceived, built and tested by members of G & J in extreme environments for the past decade. Production planning has commenced at the Company’s production facilities in Bonham, Texas and sales are expected to commence in 2017. New revenues are expected to be derived from customers requiring heavy duty ETVS performance technologies in applications in the military; railroad; police & border patrol; first responders; mining, forestry, oil, gas and electric transmission; and recreational applications. In consideration for the Agreement Kelso will pay G & J a fee of USD 100,000 and 1,000,000 common shares of the Company that is scheduled to be released over four key milestones under the Agreement. In addition Kelso will pay USD 10,000 per month to G & J and a 2.5% royalty on a pre-approved sales formula.

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