(via Thenewswire.ca)
Hayward, California - December 8, 2008: The Board of Directors of Valdor Technology International Inc. ("Valdor") (tsxv:VTI) is pleased to report that substantial progress has been made in the relationship with its international oil and gas service provider ("the Client"), which was first reported in 2007. The Client is one of the world's leading suppliers of technology, project management, and information solutions to the oil and gas industry.
Valdor has been working closely with the Client in engineering and manufacturing a high temperature, all-metal, harsh environment fiber optic connector to be used to monitor down hole drilling conditions on off-shore oil and gas drill platforms. The Client has now confirmed that Valdor's mechanical installation hand tool kit and special designed connectors meet all their requirements. Valdor anticipates that all initial testing of the connectors will be concluded in early 2009.
In the current quarter, Valdor has received a purchase order from the Client to standardize of Valdor's Impact Mount ™ FC connectors for all applications on off-shore drill platforms. This will allow the Client to employ a single Field Installable Kit for both surface use and for down-hole drill applications on off-shore drill platforms. The Valdor connectors will be unique in this qualification. The FC connectors have previously been qualified for use in harsh environments.
Valdor's unique, patented, all mechanical and field installable, Impact Mount™ products are especially suited for oil and gas exploration activities. They provide easy installation in harsh environments, ease of repair by technicians on drill platforms, and protection from heat, vibration, and caustic conditions. Valdor's IMT splice will significantly reduce costly drill rig downtime.
About Valdor Technology International Inc.:
Valdor, established in 1985, is a high technology fiber optic components company specializing in the design and manufacture of fiber optic connectors, ferrules, splices, dense wavelength divisional multiplexing and other optical and optoelectronic components using its proprietary patented Impact Mount™ and HeptoPort technology. Valdor's Impact Mount™ technology all-metal-epoxyless no-index-matching-gel field termination connectors, mechanical splices, and installation kits have major advantages in many fiber optic installations. Valdor's patented IMT connectors are the only connectors suitable for many harsh environment applications in the fiber optic industry. Please see www.valdor.com for complete information on Valdor.
ON BEHALF OF THE BOARD OF DIRECTORS OF
Valdor Technology International Inc.
"MICHEL RONDEAU"
Michel Rondeau, President and CEO
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for the adequacy or accuracy of this news release.
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