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VTI Valdor Technology International Inc

0.30
0.00 (0.00%)
24 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Valdor Technology International Inc TSXV:VTI TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.30 0.21 0.35 0 00:00:00

Valdor Technology International Inc.: General Atomics Purchases IMT Kits & Connectors

08/03/2012 1:15pm

Marketwired Canada


Valdor Technology International Inc. ("Valdor") (TSX VENTURE:VTI) is pleased to
report that General Atomics has purchased Valdor IMT Kits and Connectors for
harsh environment applications. General Atomics is also evaluating repair and
cable extension applications for the Valdor Omega Enclosure. The Omega Enclosure
is designed to accommodate multi-fiber cables and contain up to 48 cable
connections incorporating Valdor's unique miniature SP connectors; it is the
highest-density enclosure on the market.


General Atomics (www.ga.com) is a nuclear physics and defense contractor
headquartered in San Diego, California. General Atomics develops systems ranging
from the nuclear fuel cycle to remotely operated surveillance aircraft, airborne
sensors, and advanced electric, electronic, wireless and laser technologies.
General Atomics was founded in 1955 as a division of General Dynamics Corp.
("General Dynamics") (www.generaldynamics.com). General Dynamics is a U.S.
defense conglomerate and as of 2008 was the fifth largest defense contractor in
the world. 


About the Fiber Optics Industry: Fiber optics is the future of communications
and fiber optic connectors are one of the major profit centres within this
market. The signal transmission business is in the early stages of a fiber
optics bull market. All signal transmission, in their many and various forms,
are being converted from electrical, using copper wire and coaxial cable, to
fiber optics. In the USA the Obama administration has recently pledged an
initial US$7.2-billion to a plan that calls for 100 million Americans to have
access to super high speed internet. This high speed internet will require
significant fiber optic infrastructure. The annual global market for fiber optic
connectors is estimated to be about US$2 billion
(http://ibnresearch.wordpress.com/2011/02/04/fiber-optic-connectors/) and this
market is projected to grow at a compound annual growth rate of 9.6%. A report
(http://www.lightwaveonline.com/business/market-research) from market research
firm IBISWorld forecasts cable installation revenues to increase at an average
of 5.0% per year to $5.5 billion in the four years to 2016. Mobile backhaul and
broadband applications will drive this growth.


About Valdor Technology International Inc. (www.valdortech.com): Valdor is a
high technology fiber optic components company specializing in the design and
manufacture of new generation fiber optic connectors, enclosures, laser pigtails
and other optical and optoelectronic components using its proprietary and
patented Impact Mount(TM) and HeptoPort(TM) technologies. The Impact Mount(TM)
technology incorporated in the Valdor line of connectors is user friendly and
environmentally friendly. This technology is all-mechanical with no epoxy or
index matching gel required. The Impact Mount(TM) technology field installable
termination kits and connectors are ideal for harsh environment applications and
quick repair in the field. Valdor holds several patents on its connector
technology in strategic global regions.


For information on Valdor's products, please visit www.valdor.com.

ON BEHALF OF THE BOARD OF DIRECTORS OF VALDOR TECHNOLOGY INTERNATIONAL INC.

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