HAYWARD, CALIFORNIA--(Marketwire - March 8, 2012) - Valdor Technology International Inc. ("Valdor") (TSX VENTURE:VTI.V - News) 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.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
- General Atomics
- General Dynamics
Valdor Technology International Inc. - California Operations
Hayward, CA 94545
Tel: (510) 293-1212
(510) 293-9997 (FAX)
480 - 789 W. Pender Street
Valdor Technology International Inc. - Canadian Office
Vancouver, B.C. V6C 1H2
Tel: (604) 687-3775
(604) 689-7654 (FAX)