Valdor and Mexican Partner Inteligencia Awarded US$1,100,000 Contract
October 7, 2015 – Vancouver, B.C.Valdor Technology International Inc. (“Valdor”) (TSX: VTI-V) (OTC: VTIFF) (Frankfurt: VZAA) is pleased to report that Valdor, in collaboration with Mexican partner Inteligencia e Infraestructura En America SA, has received a $1.1-million (U.S.) contract from an influential conglomerate in the Mexican telecom and construction industry. Valdor and Inteligencia do business in Mexico as TeleVal Communication Technologies.
This project involves the overall installation of an optical fibre network. The project is part of the multiservices and multiyear strategy the Mexican conglomerate is implementing to significantly increase both the number of services available to subscribers and the number of Mexican subscribers to Internet services, in accordance with the Mexican government telecom deregulation strategy announced in 2014 by President Pena Nieto. This project includes: 260,000 FTTx (fibre-to-the-home/premises/business) links; 3,800 fibre optic rings; 480 enterprise customers; and implementation of more than 4,000 poles in Mexico City for surveillance cameras.
This current initial phase of the project will be five months installation and will end in February 2016; but future phases will be on an accelerating timeline. The Valdor/Inteligencia partnership will make every effort to participate in future phases of this communication systems roll-out. Potential business from future phases that Valdor and Inteligencia, in partnership, could facilitate is expected to be significant during the period from 2016 through 2018 inclusive. Homologation is not required for this project.
Jaime Alejandro Gomez Nunez, president, TeleVal, stated: “These types of optical fibre enhancements will allow faster downloads, seamless video streaming and the ability for consumers and businesses to take advantage of new technologies. As technologies advance, the expansion of devices will demand greater and faster Internet speeds and there will be less tolerance for slow connectivity.”
Ron Boyce, executive vice-president, sales and marketing (Valdor), stated: “This is an important milestone for Valdor’s expansion strategy into Latin America and exceeds Valdor’s sales projections of January, 2015. We anticipate ongoing tender opportunities with several Latin American and North American telecom companies in the weeks and months to come.”