New President and Director Appointed
December 7, 2012 – Hayward, CaliforniaValdor Technology International Inc. (“Valdor”) (TSX: VTI-V) 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 manufacturer 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.
Fiber optics is the future of communications and fiber optic connectors are one of the major profit centres within this market. The signal transmission business is in the early stages of a fiber optics bull market. All signal transmission, in their many and various forms, are being converted from electrical, using copper wire and coaxial cable, to fiber optics. In the USA the Obama administration has recently pledged an initial US$7.2-billion to a plan that calls for 100 million Americans to have access to super high speed internet. This high speed internet will require significant fiber optic infrastructure. The annual global market for fiber optic connectors is projected to grow to US$3.45 billion in 2011 (ElectroniCast Consultants: www.electronicastconsultants.com).
Valdor is a high technology fiber optic components company specializing in the design and manufacture of new generation fiber optic connectors, enclosures, laser pigtails and other optical and optoelectronic components using its proprietary and patented Impact Mount™ and HeptoPort™ technologies. The Impact Mount™ technology incorporated in the Valdor line of connectors is user friendly and environmentally friendly. This technology is all-mechanical with no epoxy or index matching gel required. The Impact Mount™ technology field installable termination kits and connectors are ideal for harsh environment applications and quick repair in the field. Valdor holds several patents on its connector technology in strategic global regions.
On Behalf Of the Board of Directors of
VALDOR TECHNOLOGY INTERNATIONAL INC.
The TSX-Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain certain “Forward-Looking Statements” within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the TSX-Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.