Valdor Expands Sales Division
June 21, 2011 - Hayward, California
Valdor Technology International Inc. ("Valdor") (TSX-V: VTI) is pleased to announce that Mr. Ralph Kettell, II, P.E., located in Houston Texas, has joined the Valdor sales team. Mr. Kettell received degrees of Bachelor of Science in Electrical Engineering and Master of Science in Electrical Engineering (BSEE & MSEE) from Lehigh University and has worked as a Consulting Electrical Engineer for several high profile aerospace and industrial engineering companies. He has worked principally as a microwave and radio frequency (RF) circuit and systems design engineer on military, space and commercial programs. Mr. Kettell was the lead RF Engineer at Litton Space Systems on the Space to Space Communications System used in the construction of the International Space Station. He has consulted for many of the largest aerospace firms in the U.S. including 14 years with Northrop Grumman and three years with Lockheed Martin. He is an independent investor and owns more than 5% of the Valdor stock. Mr. Kettell will service the south central portion of the USA where five of the sixteen largest US cities are located within 400 km (250 miles) of his home base.
Dr. Michel Rondeau, CEO/President, states: "Ralph’s background in electrical engineering coupled with his large equity position in Valdor, gives him both the expertise and the motivation to be successful in his sales objectives."
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 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.