Valdor Enters Mexican Telecommunication Market & Signs JV Agreement With Strong Mexican Partner
March 25, 2015 – Vancouver, B.C.Valdor Technology International Inc. (“Valdor”) (TSX: VTI-V) (OTC: VTIFF) (Frankfurt: VZAA) is pleased to report that a 50/50 joint venture agreement has been executed between Valdor and Inteligencia e Infraestructura En America S. A. (“Inteligencia”). TeleVal Inc. (“TeleVal”), incorporated in Mexico, is the joint venture company.
The mandate of this joint venture is to develop TeleVal as a leader in the Mexican and Latin American fibre optic technology markets. The imminent deregulation of Mexico’s telecommunication industry and the very early stage of fibre-to-the-home deployment throughout Latin America are catalysts for this process. The Mexican telecommunications market is currently about $35 billion/year and is projected to grow at a 30% rate for the next few years*.
Inteligencia (www.intelinfra.com), located in Mexico City, Mexico, markets, services and installs electrical equipment and fibre optic cable in the telecom industry throughout Mexico. Valdor’s Mexican partner has an impressive track record with a renowned client list that includes, among others, Ericsson, Pemex, Tellabs, Comision Federal de Electricidad (CFE), Alcatel Lucent, Telcel and TelMex.
Mr. Jaime Alejandro Gomez Nunez will be the sales and marketing force behind TeleVal. Since 2008, Mr. Gomez has been CEO of Valdor’s JV partner company, Inteligencia. For ten years, prior to founding Inteligencia, he was employed by TelMex (www.telmex.com), and for the last several years held the position of “Outside Plant Manager”, responsible for all corporate homologation and all corporate technology procurement. TelMex is the landline based telecom that services about 80% of Mexico and is controlled by Mr. Carlos Slim.
Valdor and Inteligencia will each provide 50% of the investment capital and share equally in the profits. Within the JV partnership, Valdor will provide: quality control practices and procedures; component procurement; operational procedures; technical transfer and training. Inteligencia will provide: engineering and assembly employees; sales and marketing employees; executive leadership and the physical facilities in Mexico. To satisfy the Mexican requirement for local content the JV will immediately establish a manufacturing facility within Mexico. The JV will supply and manufacture passive optical components including a full range of optical connectors, assemblies, patch panels and integrated optical solutions. The partnership is being structured to provide triple play (voice, data & multi-media) solutions for the FTTx market sector; the content focus will be health care, security and education.
*”Cooperation Organization for Economic Development” on the Mexican telecommunications industry & Mexican Government website “Instituto Federal de Telecomunicaciones” – www.ift.org.mx.
Valdor is a technology company with three divisions:
1) Niagara Streaming Media, headquartered in Dallas, Texas, is an industry pioneer and global leader in the encoder hardware and software market. Niagara has numerous clients, including international television broadcasters and offices of the US Government. Thousands of Niagara systems have been deployed worldwide through its network of several hundred distributors and value added resellers. Niagara owns four patents and designs, manufactures and sells the Niagara and GoStream product lines. Streaming media encoders are the physical devices that are enabling streaming media to become the future of television and internet communications;
2) Valdor Fiber Optics, headquartered in San Francisco, California, is an optical fiber components company specializing in the design, manufacture and sale of passive fiber optic components, including some that use Valdor proprietary and patented technologies. Valdor is focused on harsh environment products for the roll-out of fibre-to-the-home in North America with a unique and compelling splitter design. Valdor has numerous clients and the Valdor splitters are installed in the optical fibre networks of Canadian telecoms. Fiber-to-the-home hard wiring will enable the bandwidth for television and internet communications of the future;
3)TeleVal, headquartered in Mexico City, Mexico, is an optical fiber components company specializing in the design, manufacture and sale of passive fiber optic components. TeleVal is focused on the deregulation of the telecom sector in Mexico and the roll-out of fibre-to-the-home in Latin America. TeleVal’s parent companies have numerous clients throughout North America and Latin America. Fiber-to-the-home hard wiring will enable the bandwidth for television and internet communications of the future.
The Valdor business plan incorporates growth by acquisition. For further information on Valdor’s product lines please visit www.valdor.com.
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.