Valdor Responds to $10,000,000 Request For Quote
September 2, 2015 – Vancouver, B.C.Valdor Technology International Inc. (“Valdor”) (TSX: VTI-V) (OTC: VTIFF) (Frankfurt: VZAA) is pleased to report that Valdor subsidiary, Valdor Fiber Optics, has submitted a $10,000,000 bid to a North American telecom company, in reply to their RFQ (request for quote) for a specific product relating to fibre-to-the-home installation.
Valdor Fiber Optics has begun the manufacture of samples of this product for demonstration purposes, as part of the tender process. The product is scheduled to be installed in the telecom’s optical fibre network during the calendar years 2016 and 2017. The samples will be available, before the end of October 2015, for examination and testing and an announcement of the chosen vendor is expected to be made by the telecom company during the fourth quarter of 2015.
Mr. Ron Boyce, Executive VP Sales and Marketing, states: “These are very exciting times for Valdor. Major telephone companies throughout the world are beginning to roll out fibre-to-the-home infrastructure. Over the next few years consumers will have the opportunity to take advantage of extremely fast telecom networks and Valdor will be helping to supply the physical infrastructure. We anticipate on-going tender opportunities with several North American and Latin American telecom companies.”
Valdor is attending the OSP (outside plant) Expo in Denver Colorado. This trade show runs September 1 – 3 at the Colorado Convention Center in Denver, Colorado. Trade shows are an effective platform for Valdor to showcase technology and products to international exhibitors, to launch new products, and to increase customer awareness. This conference includes educational sessions, networking opportunities, and exhibits.
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.