Third Canadian Telecom Evaluating Valdor Splitter


November 6, 2013

Vancouver, B.C. - November 6, 2013: Valdor Technology International Inc. ("Valdor") (TSX-V: VTI) is pleased to report that Valdor's operating subsidiary, Valdor Fiber Optics, Inc., has delivered a Valdor harsh environment fibre optic splitter to a second Canadian telecom company. This sample device will be evaluated by this telecom to determine if it is a solution for their on-going splitter problems.

Mr. Ron Boyce, VP Sales & Marketing/Director, states: "Our confidence in our technology is now beginning to bear fruit with a second Canadian telecom now evaluating our harsh environment splitters. Reliability and quality are the most important pre-requisites for the Canadian telecoms and Valdor's harsh environment products have proven that they can meet and exceed their technical requirements."

There are ten regional and national telecoms in Canada; ranging from the government owned SaskTel to the national and publically owned Bell Canada. Currently, the telecom FTTx market accounts for about 80% of global fibre optic expenditures. In North America fibre-to-the-home is at only 5% penetration. For the vendor, the telecom market is a difficult one to penetrate due to its extensive requirements for high quality products and services. It is estimated that the telecom market for passive and active FTTx products, for Canada only, will be in excess of $300 million/year, for at least the next five years. The telecom FTTx market is much larger in the USA.

For medical reasons, Mr. Ralph Kettell has resigned as a Director and Officer of Valdor. The Valdor Board and Management thank him for his many years of support and assistance and wish him the best of health in the near future. He will continue to provide services and support.

 
Mr. Kapany received a Bachelor of Science (BS) from the University of California - San Diego in 1979 and has attended the University of California - Berkeley MBA program and the Stanford University Executive MBA Program.   Mr. Kapany, an entrepreneur, is currently on the Boards of seven private technology companies.  He currently resides in Los Altos, California.  Since 1981 he has served as General Manager, Director, Vice-President, President, CEO or Chairman of eight private and public technology companies.  In the technology field his specialization is fiber optics.  Mr. Kapany has held executive positions with Tyco International Ltd, Amp Inc, K2 Optronics Inc, Emcore Corp and Nest Corp.  From 1988 to present, he has been instrumental in the completion of eleven mergers and acquisitions (M&A’s) involving technology companies and company divisions.  Nine of these eleven M&A’s have occurred since 1999.  Acquiring and vended companies and/or divisions, where he has facilitated M&A activity, include: Tyco, Emcore, Nest, JDS Uniphase Corp, Ericsson Inc, Volex Inc, and Crown Life Insurance Co. 

In 1994 Mr. Kapany started Tyco’s fiber optics division in Europe, where he generated gross sales to over $40,000,000 annualized, in less than two years.  In 1998, while Divisional Manager at Amp, he won the annual company award for having the most profitable division in the company.  At that time Amp had more than 50 divisions.  In 2000, as CEO and Chairman, he headed a team that raised $45,000,000 in venture capital for K2 Optronics and then facilitated the sale of K2 Optronics to Emcore.  In 2008, while President of Nest, he directed a team that was responsible for having their patch panels qualified for use by Verizon Communications Inc. 
 
Mr. Elston Johnston, Chairman, states: “Raj’s marketing knowledge and corporate experience will be of great value to our sales and business growth.  His M&A experience and high-tech business contacts can help us grow via mergers and acquisitions.”  Mr. Kapany states: “I see a way forward where the result can be greater than the sum of the individual parts.  We can mesh our people and core competencies with global industries and focus on regions where fiber optics infrastructure is needed and where we have solutions that differentiate Valdor within the global marketplace; I see great upside potential in deploying this strategy.  By adding new products and competencies and aligning them to high growth industries, we can strategically increase shareholder value in a very efficient manner.”

Mr. Rick Pogue has resigned to accept a managerial position with an international financial planner.  The Valdor Board thanks Mr. Pogue for his many contributions during the past years and wishes him well with his future endeavors.   Mr. Mark Gustavson has resigned to accept an executive position with a biotech company.  He will continue to act as a consultant to Valdor.

The Board of Directors of Valdor Technology International Inc. ("Valdor") (TSX: VTI-V) is pleased to report that the non-brokered Private Placement announced May 24, 2013 has now closed. A total of 20,175,000 Units at a price of $0.10 per unit have been purchased with total proceeds realized of $2,017,500. Each Unit consists of one common share of Valdor and one non-transferable three year share purchase warrant. Each warrant allows the holder thereof to purchase one further common share of Valdor at a price of $0.20 if exercised on or before June 10, 2016. A finder's fee of 699,000 Units has been issued relative to this financing, in accordance with the policies of the TSX Venture Exchange. The 20,874,000 common shares issued are subject to a four month hold period expiring October 10, 2013.

The warrants issued with the units will be subject to an acceleration provision. After four months have elapsed from closing, if Valdor's shares trade above $0.40 for 20 consecutive trading days Valdor has the option to provide notice to the warrant holders that one half of their warrants will expire if they are not exercised within 30 days. If Valdor’s shares trade above $0.50 for 20 consecutive trading days Valdor has the option to provide notice to the warrant holders that their remaining warrants will expire if they are not exercised within 30 days.

The proceeds from this private placement will be used for marketing Valdor’s fiber optic products and for general working capital and current payables.

Seven insiders purchased 5,325,000 units (26%) of this financing.

Hayward, California – December 7, 2012: Valdor Technology International Inc. (“Valdor”) (TSX-V: VTI) is pleased to announce that Mr. Las Yabut has been appointed President of Valdor and it’s operating subsidiary Valdor Fiber Optics Inc. and Mr. Mark Gustavson has joined the Valdor Board of Directors.  Messrs. Yabut and Gustavson add leadership and company building expertise in the technology/telecom sector.  Valdor will continue to focus on several avenues for increasing sales and profitability while taking advantage of Valdor’s industry leading next generation product lines.

Mr. Yabut has been Vice President Manufacturing with Valdor for the past 12 years.  Mr. Yabut earned a Bachelor of Science in Industrial Engineering at the Mapua Institute of Technology in Manila, the Philippines in 1983.  While employed with the Passive Products Division of AMP/Tyco he gained experience first as an Engineering Technician, then as a Production Supervisor, Manufacturing Engineer, Production Manager and finally as Director of Operations.  He has extensive hands on experience in the manufacture and testing of passive fiber-optic components.  He also has extensive relationships with fiber optic component manufacturing facilities throughout Asia, the Philippines and North America.

Mr. Gustavson received a Bachelor of Science in Political Science from the University of Oregon in 1991.  He began his career as a Private Banker at Hong Kong and Shanghai Banking Corporation (HSBC) in Saipan, Commonwealth of the Northern Mariana Islands.  While at HSBC Mr. Gustavson was a Portfolio and Global Investment Manager where his focus included introducing early stage technology companies to domestic investors.  He is a seasoned and accomplished banker with focus in institutional backed plays and international business and has held many simultaneous roles including Angel Investor, reorganization specialist and company founder; with unrivaled domain experience in industry-transforming technology companies.  His sector specialties include: biotechnology, fiber optics, IP based banking, mobile device systems, IP payment technologies and social media.  He currently resides in the San Francisco Bay Area.

Mr. Robert Nickel has resigned as Director and Officer.  The Valdor Board thanks Mr. Nickel for his contributions during the past several months and wishes him well with his future endeavors.

Hayward, California – September 6, 2012: Valdor Technology International Inc. (“Valdor”) (TSX-V: VTI) is pleased to report that it has expanded its business scope to include a full spectrum of innovative fiber optic products and solutions in addition to the Impact Mount™ product lines.  The cost to end-users, of components that do not meet specifications in performance, quality and harsh environmental conditions, is very significant.  The fiber optics industry requires solutions designed to meet the specific demands of unique environments and networks.  With this objective, Valdor is committed to supporting customers and their customers with the highest quality solutions available.  Relative to this new business strategy, Valdor has completed the design and procurement of a new splitter model directed at the growing telecom fiber-to-the-premises (FTTP) market.

A comprehensive global report on the fiber optic components market, projects that it will reach US$42 billion by the year 2017.  Growth will be driven by the need for fiber-based broadband networks and the increasing demand for bandwidth.  This will be supported by stronger FTTx related deployment and robust growth in mobile internet.

Mr. Robert Nickel, President/CEO, states: “We are leveraging the 25 years of industry experience of our team, and the professional, reliable global relationships our team has developed; to expand our capability for providing innovative value added products and solutions.”  Mr. Ron Boyce, VP Sales and Marketing, states: “The expanding demand for products and services, especially in the telecom sector, is giving Valdor the business opportunity to meet this growth with quality solutions.  Our focused approach of identifying specific challenges, and then designing robust and cost effective solutions, is receiving an enthusiastic response.”

Hayward, California – June 7, 2012:  Valdor Technology International Inc. (“Valdor”) (TSX-V: VTI) is pleased to announce that Mr. Robert Nickel, Mr. Ralph Kettell, Mr. Rick Pogue and Mr. Ron Boyce have increased their commitment to the Valdor team.  Messrs. Kettell, Pogue and Boyce have joined the Board of Directors.  Mr. Nickel has been named CEO and President and has been nominated to join the Board of Directors at the upcoming Annual General Meeting on June 29, 2012.  Mr. Boyce has been promoted to the office of Vice President Sales & Marketing.  Mr. Elston Johnston, Director, has been named Chairman of the Board.  Mr. Brian Findlay, Director, remains Chief Financial Officer.  Mr. Las Yabut, remains Vice President Manufacturing. This reorganization brings forward an exciting change in leadership, with experience in building companies in the technology/telecom sector.  The Company will focus on growth of sales and profitability taking advantage of Valdor’s industry leading next generation product lines.

Mr. Nickel received the degree of Bachelor of Commerce (B. Comm.) from the University of Manitoba, in 1979, and obtained the designation of Chartered Accountant (CA), in 1982.  He has 30 years of entrepreneurial experience in: leading manufacturing company turnarounds; venture capital funded start-ups; purchase of businesses; sale of businesses; Fortune 100 strategic alliances and; joint ventures with industry leading Fortune 100 companies, in the capacities of Director, President, CEO and CFO.  In 1992 he was recognized as Entrepreneur of the Year in the Province of Manitoba. Mr. Nickel currently lectures at the Stu Clark Centre for Entrepreneurship at the Asper School of Business, Winnipeg, Manitoba.

Mr. Kettell received degrees of Bachelor of Science in Electrical Engineering and Master of Science in Electrical Engineering (BSEE & MSEE) from Lehigh University and has worked as a Consulting Electrical Engineer for several high profile aerospace and industrial engineering companies.  He has worked principally as a microwave and radio frequency (RF) circuit and systems design engineer on military, space and commercial programs.  Mr. Kettell was the lead RF Engineer at Litton Space Systems on the Space to Space Communications System used in the construction of the International Space Station.  He has consulted for many of the largest aerospace firms in the U.S. including 14 years with Northrop Grumman and three years with Lockheed Martin.  He is an independent investor and owns more than 9% of the Valdor shares.
 
Mr. Pogue attended Western University in London Ontario majoring in Business. He has over twenty-five years experience in the investment industry.  Mr. Pogue has worked with several national banks and investment companies as an investment adviser and most recently has worked at Raymond James Ltd.

Mr. Boyce received a Bachelor of Commerce with a major in Marketing from the University of Alberta in 1981. He has held several high profile positions with Manitoba Telecom Services Inc. and was Director of Sales and Marketing for AT&T Canada for the Prairie Provinces. Mr. Boyce was the first hire in the Prairie Provinces for Metronet Communications Corp., the first national competitive local exchange carrier in Canada and was Director of Sales Western Canada for Netstone Communications Inc., the first building exchange carrier in Canada. During Mr. Boyce’s tenure, Metronet Communications Corp. installed more than $200 million of fibre optics infrastructure across Central Canada. He was one of the founders of Parabola IP Solutions Inc., an IP management software company, where he held the position of Vice-President of Sales and Marketing. He has won Presidents Club, Everest League and Summit awards, in recognition of his success in sales and marketing. Early in his career, Mr. Boyce was an Advanced Certified Financial Planner with Investors Group Financial Services Inc.

Dr. Pier Antoniucci has resigned as Director.  The Valdor Board thanks Dr. Antoniucci for his contributions during the past years and wishes him well with his future endeavors.  Dr. Michel Rondeau has resigned as CEO and President of Valdor, but will continue to provide services and support on a consulting basis.

Valdor Technology International Inc. ("Valdor") (TSX-V: VTI) is pleased to report that two US military bases, representing the US Air Force and US Marine Corps, have purchased Valdor IMT Kits and Connectors. These military bases are also evaluating repair and cable extension applications for the Valdor Omega Enclosure. The Omega Enclosure is designed to contain up to 48 cable connections incorporating its unique miniature SP connectors; it is the highest-density enclosure on the market. The Valdor products will be used for upgrading and enhancing infrastructure on these bases in conventional and harsh environment applications.

Valdor Technology International Inc. ("Valdor") (TSX-V:VTI) is pleased to announce that Mr. Rick Pogue, located in Kelowna, British Columbia, has joined the Valdor team.  He will hold the position of Manager Corporate Development.  Mr. Pogue attended Western University in London Ontario majoring in Business.  He has over twenty-five years experience in the investment industry, and has been working with Raymond James Ltd. during the most recent eight years. 
 
Mr. Elston Johnston, Director, states: "Rick has been a very successful investment advisor, in every sense of “successful”, for many years, and has worked for the most credible brokerage firms in Canada.  We are very fortunate to have his assistance in introducing Valdor to the investment community.”

Mr. Pogue can be reached at 250-864-3310.

Valdor Technology International Inc. (“Valdor”) (TSX-V: VTI) is pleased to report that General Atomics has purchased Valdor IMT Kits and Connectors for harsh environment applications.  General Atomics is also evaluating repair and cable extension applications for the Valdor Omega Enclosure.  The Omega Enclosure is designed to accommodate multi-fiber cables and contain up to 48 cable connections incorporating Valdor’s unique miniature SP connectors; it is the highest-density enclosure on the market.

General Atomics (www.ga.com) is a nuclear physics and defense contractor headquartered in San Diego, California.  General Atomics develops systems ranging from the nuclear fuel cycle to remotely operated surveillance aircraft, airborne sensors, and advanced electric, electronic, wireless and laser technologies. General Atomics was founded in 1955 as a division of General Dynamics Corp. (“General Dynamics”) (www.generaldynamics.com). General Dynamics is a U.S. defense conglomerate and is rated the fifth largest defense contractor in the world.