Valdor Enters Mexican Telecommunication Market & Signs JV Agreement With Strong Mexican Partner
March 25, 2015 - Vancouver, B.C.
Valdor Technology International Inc. ("Valdor") (TSX: VTI-V) (OTC: VTIFF) (Frankfurt: VZAA) is pleased to report that a 50/50 joint venture agreement has been executed between Valdor and Inteligencia e Infraestructura En America S. A. (“Inteligencia”). TeleVal Inc. ("TeleVal"), incorporated in Mexico, is the joint venture company.
The mandate of this joint venture is to develop TeleVal as a leader in the Mexican and Latin American fibre optic technology markets. The imminent deregulation of Mexico’s telecommunication industry and the very early stage of fibre-to-the-home deployment throughout Latin America are catalysts for this process. The Mexican telecommunications market is currently about $35 billion/year and is projected to grow at a 30% rate for the next few years*.
Inteligencia (www.intelinfra.com), located in Mexico City, Mexico, markets, services and installs electrical equipment and fibre optic cable in the telecom industry throughout Mexico. Valdor’s Mexican partner has an impressive track record with a renowned client list that includes, among others, Ericsson, Pemex, Tellabs, Comision Federal de Electricidad (CFE), Alcatel Lucent, Telcel and TelMex.
Mr. Jaime Alejandro Gomez Nunez will be the sales and marketing force behind TeleVal. Since 2008, Mr. Gomez has been CEO of Valdor’s JV partner company, Inteligencia. For ten years, prior to founding Inteligencia, he was employed by TelMex (www.telmex.com), and for the last several years held the position of "Outside Plant Manager", responsible for all corporate homologation and all corporate technology procurement. TelMex is the landline based telecom that services about 80% of Mexico and is controlled by Mr. Carlos Slim.
Valdor and Inteligencia will each provide 50% of the investment capital and share equally in the profits. Within the JV partnership, Valdor will provide: quality control practices and procedures; component procurement; operational procedures; technical transfer and training. Inteligencia will provide: engineering and assembly employees; sales and marketing employees; executive leadership and the physical facilities in Mexico. To satisfy the Mexican requirement for local content the JV will immediately establish a manufacturing facility within Mexico. The JV will supply and manufacture passive optical components including a full range of optical connectors, assemblies, patch panels and integrated optical solutions. The partnership is being structured to provide triple play (voice, data & multi-media) solutions for the FTTx market sector; the content focus will be health care, security and education.
*"Cooperation Organization for Economic Development" on the Mexican telecommunications industry & Mexican Government website “Instituto Federal de Telecomunicaciones” – www.ift.org.mx.
Valdor is a technology company with two divisions:
1) Valdor Fiber Optics, a fiber optic components company specializing in the design, manufacture and sale of fiber optic splitters, connectors, laser pigtails and other optical and optoelectronic components, including some that use the Valdor proprietary and patented Impact Mount™ technology. The company specializes in harsh environment products and in particular splitters and connectors;
2) Niagara Streaming Media, a streaming video business that owns four patents and markets the Niagara and GoStream product lines. Streaming video is the future of television.
The Valdor business plan incorporates growth by acquisition.
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.