New Director Appointed - Accomplished Executive with M&A Experience
July 15, 2013 - Hayward, California
The Board of Directors of Valdor Technology International Inc. ("Valdor") (TSX: VTI-V) is pleased to announce that Mr. Raj Kapany has been appointed to the Board of Directors.
Mr. Kapany received a Bachelor of Science (BS) from the University of California - San Diego in 1979 and has attended the University of California - Berkley MBA program and the Stanford University Executive MBA Program. Mr. Kapany, an entrepreneur, is currently on the Boards of seven private technology companies. He currently resides in Los Altos, California. Since 1981 he has served as General Manager, Director, Vice-President, President, CEO or Chairman of eight private and public technology companies. In the technology field his specialization is fiber optics. Mr. Kapany has held executive positions with Tyco International Ltd, Amp Inc, K2 Optronics Inc, Emcore Corp and Nest Corp. From 1988 to present, he has been instrumental in the completion of eleven mergers and acquisitions (M&A's) involving technology companies and company divisions. Nine of these eleven M&A's have occurred since 1999. Acquiring and vended companies and/or divisions, where he has facilitated M&A activity, include: Tyco, Emcore, Nest, JDS Uniphase Corp, Ericsson Inc, Volex Inc, and Crown Life Insurance Co.
In 1994 Mr. Kapany started Tyco's fiber optics division in Europe, where he generated gross sales to over $40,000,000 annualized, in less than two years. In 1998, while Divisional Manager at Amp, he won the annual company award for having the most profitable division in the company. At that time Amp had more than 50 divisions. In 2000, as CEO and Chairman, he headed a team that raised $45,000,000 in venture capital for K2 Optronics and then facilitated the sale of K2 Optronics to Emcore. In 2008, while President of Nest, he directed a team that was responsible for having their patch panels qualified for use by Verizon Communications Inc.
Mr. Elston Johnston, Chairman, states: "Raj's marketing knowledge and corporate experience will be of great value to our sales and business growth. His M&A experience and high-tech business contacts can help us grow via mergers and acquisitions." Mr. Kapany states: "I see a way forward where the result can be greater than the sum of the individual parts. We can mesh our people and core competencies with global industries and focus on regions where fiber optics infrastructure is needed and where we have solutions that differentiate Valdor within the global marketplace; I see great upside potential in deploying this strategy. By adding new products and competencies and aligning them to high growth industries, we can strategically increase shareholder value in a very efficient manner."
Mr. Rick Pogue has resigned to accept a managerial position with an international financial planner. The Valdor Board thanks Mr. Pogue for his many contributions during the past years and wishes him well with his future endeavors. Mr. Mark Gustavson has resigned to accept an executive position with a biotech company. He will continue to act as a consultant to Valdor.
About the Fiber Optics Industry
Fiber optics is the future of communications. The signal transmission business is in the early stages of a fiber optics bull market. All signal transmission, in thier many and various forms, are being converted from electrical to fiber optics. A comprehensive global report on the fiber optics components market projects that it will reach US$42 billion by the year 2017.
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, splitters, and other optical and optoelectronic components, including some that use the Valdor proprietary and patented Impact Mount™ technology. Valdor specializes in harsh environment products and in particular splitters and connectors. Valdor's business plan incorporates growth by acquisition. For information on Valdor's product lines please visit www.valdor.com.
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On Behalf Of the Board of Directors of
VALDOR TECHNOLOGY INTERNATIONAL INC.
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.