MEGLAB BECOMES VALDOR'S 1ST CANADIAN DISTRIBUTOR
July 19, 2010 - Hayward, California
Valdor Technology International Inc. ("Valdor") (TSX-V: VTI) is pleased to report that Valdor has completed a Distribution Agreement with Meglab Electronique Inc. ("Meglab") (www.meglab.ca). An initial purchase order has been delivered and the Meglab sales team has begun marketing the Impact Mount™ technology for underground mine applications.
Meglab, located in Val-d'Or, Québec, has been in the mining and forestry industries since 1992. They specialize in the manufacture and distribution of electronic and electrical equipment and the design of specialized electronic circuits. They seek innovative solutions to enable them to present leading edge technological products and services to their clients. The Valdor product line will support Meglab’s initiative to develop a fiber optics presence in the mining industry. Meglab is involved with major mining projects where Valdor’s field installable kits, connectors, service enclosures and cable enclosures (with miniature SP connectors) can be used.
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 projected to grow to US$3.45 billion in 2011 (ElectroniCast Consultants: www.electronicastconsultants.com). Valdor holds several patents on its connector technology in strategic global regions.
About Valdor Technology International Inc.: (www.valdortech.com)
Valdor is a high technology fiber optic components company specializing in the design and manufacture of fiber optic connectors, laser pigtails, and other optical and optoelectronic components using its proprietary patented Impact Mount™ and HeptoPort technologies.
Valdor’s Impact Mount™ technology is all-mechanical with no epoxy or index matching gel. Valdor's HeptoPort™ technology utilizes the unique concept of two dimensional (2D) fiber optic self-alignment for interconnection applications. Valdor’s patented Impact Mount™ and HeptoPort™ technologies are ideal for harsh environment and small space applications in the field. Please see www.valdor.com for complete information on Valdor’s product line and other standard passive components including multiplexers, couplers, attenuators, patch cords and cable assemblies.
On Behalf Of the Board of Directors
VALDOR TECHNOLOGY INTERNATIONAL INC.
Michel Rondeau
President & CEO
Corporate Office: Suite 450 - 789 West Pender Street, Vancouver B.C. Canada V6C 1H2 ph. (604) 687-3775
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.