(via Thenewswire.ca)
Vancouver, BC / TheNewswire / November 16, 2015: Valdor Technology International Inc. ("Valdor") (TSX-V: VTI) (OTC: VTIFF) (Frankfurt: VZAA) is pleased to report that Valdor has delivered a custom designed fibre-to-the-home product prototype to a North American telecom company. This relates to a $10,000,000 bid by Valdor, in reply to a request for quote (RFQ) that Valdor announced on September 2, 2015.
Delivery of this prototype for demonstration purposes is part of the tender process. The product-line of the successful tender applicant is scheduled to be installed in the telecom company's optical fibre network during the calendar years 2016 and 2017. An announcement of the chosen vendor is expected to be made by the telecom company in early January 2016.
Mr. Ron Boyce, Executive VP Sales and Marketing, states: "Because of its high quality, compact and efficient design, rugged construction, and harsh environment capability, we have received very positive feedback about our prototype. This product-line has application with other telecom companies and we anticipate on-going opportunities throughout North America and Latin America."
About Valdor Technology International Inc. (www.valdortech.com)
Valdor is a communications technology company with a business plan that incorporates growth by acquisition. Valdor currently has three divisions:
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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, offices of worldwide local, state & federal governments, major universities around the globe and enterprise market Fortune 2000 clients. 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;
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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;
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3)TeleVal Communication Technologies, 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. Fiber-to-the-home hard wiring will enable the bandwidth for television and internet communications of the future. TeleVal's parent companies have numerous clients throughout North America and Latin America.
ON BEHALF OF THE BOARD OF DIRECTORS OF VALDOR TECHNOLOGY INTERNATIONAL INC.
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for the adequacy or accuracy of this news release.
The information contained herein is provided solely for the reader's general knowledge. The information is not intended to be a comprehensive review of all matters and developments concerning Valdor Technology International Inc. All information is offered on a "best intentions" basis. No securities commission or other regulatory authority in Canada or any other country or jurisdiction has in any way passed upon this information and no representation or warranty is made by Valdor Technology International Inc. to that effect. Valdor Technology International Inc. is not responsible for the content of sites that can be reached through links on this site. This presentation may include "forward looking statements". All statements, other than statements of historical fact, included herein, including without limitation, statements regarding future plans and objectives of Valdor Technology International Inc. are forward looking statements that involve 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.
Valdor Technology International Inc. does not make any representations, warranties or guarantees express or implied, regarding the accuracy, completeness, timeliness, non-infringement, or merchantability or fitness for a particular purpose or use of any information contained in this presentation or of any information available on web sites that are accessible by links found on this site. Furthermore, the information in no way should be construed or interpreted as, or as a part of, an offering or solicitation of securities. Investors are advised to discuss all of their stock purchases with a registered securities broker or personal finance professional prior to investing. No obligation, responsibility or liability shall be incurred by Valdor Technology International Inc. or any of its officers, directors, employees or agents for any loss or damage whatsoever, whether incidental, special, indirect, consequential, punitive, exemplary, or for lost profits in connection with, caused by or arising from any delays, inaccuracies, errors or omissions in or infringement by, or from any use of, or reliance on such information available on sites linked in this presentation nor any information available on such sites.
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