Lockheed Martin Project Advances to Phase 2
June 1, 2011 - Hayward, California
Valdor Technology International Inc. ("Valdor") (TSX-V: VTI) is pleased to report that Valdor has begun the second phase design of a tension and vibration resistant, hermetically sealed, humidity proof, fiber optic connector/enclosure system for Lockheed Martin Corp. ("Lockheed") (www.lockheedmartin.com). This state of the art connector/enclosure system is proposed for use in one or more of Lockheed's aircraft fleets and is the next phase of the Valdor/Lockheed project that was announced by Valdor on January 12, 2010. Lockheed has initially requested 25 systems for testing purposes. These connector/enclosure systems incorporate Valdor's miniature field installable Impact Mount™ SP splice. They are scheduled to immediately undergo lab testing and, following positive results, Lockheed will then begin flight testing. Upon approval, the Valdor components will receive military specification ("mil-spec") numbers. Valdor has been assigned a Vendor Number by Lockheed.
Lockheed was formed in 1995 with the merger of two of the world's premier technology companies; Lockheed Corp. and Martin Marietta Corp. Headquartered in Bethesda, Md., Lockheed continuously seeks advanced technological developments, innovation and low-cost design and manufacturing strategies. Lockheed employs more than 70,000 engineers and scientists at more than 600 locations worldwide.
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 (ibnresearch.wordpress.com/fiber-optic-connectors) and this market is projected to grow at a compound annual growth rate of 9.6%.
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™ and HeptoPort™ technologies. The Impact Mount™ 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™ 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.
On Behalf Of the Board of Directors
VALDOR TECHNOLOGY INTERNATIONAL INC.
Dr. Michel Rondeau
President & CEO
Corporate Office: Suite 450 - 789 West Pender Street, Vancouver B.C. Canada V6C 1H2 ph. (604) 687-3775
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