Vancouver, B.C. – February 14, 2025 – TheNewswire - Valdor Technology International Inc. (“Valdor” or the “Company”) (CSE: VTI), a provider of advanced fiber optic components, announces the launch of Valdor Ventures, a new subsidiary focused on fostering innovation, research and development (R&D), and breakthrough ideas. Valdor Ventures will operate as a dedicated incubator for exploring new technologies and developing solutions in fiber optics and related fields.

 

The global fiber optic market is projected to reach USD$25 billion by 2032, driven by increasing demand for high-speed internet and data connectivity1. To capitalize on this growth and address evolving industry challenges, the Company has launched Valdor Ventures to act as a catalyst for innovation, positioning Valdor as a key player in the global fiber optic market.

 

Valdor, through its San Francisco, California headquartered subsidiary, Valdor Fiber Optics Inc., specializes in the design, manufacture, and sale of passive fiber optic components. With a strong track record in the industry, Valdor is committed to delivering high-quality, reliable solutions that meet the evolving needs of the market.

 

Valdor Ventures: A Skunkworks Approach to Innovation

 

Valdor Ventures represents a significant step forward in the Company's commitment to innovation. By establishing a dedicated entity for R&D, Valdor aims to:

 

• Accelerate the development of new technologies: Valdor Ventures will provide a platform for exploring emerging trends and experimenting with novel concepts, enabling the Company to stay ahead of the curve in the rapidly evolving technology landscape. This will be achieved through partnerships with research institutions, dedicated labs, and focused innovation programs. 

 

• Foster a culture of innovation: Valdor Ventures will create an environment where creativity and experimentation are encouraged, attracting top talent and fostering a dynamic exchange of ideas. 

 

• Expand into new markets: Valdor Ventures will explore opportunities beyond the Company's core fiber optics business, potentially leading to diversification and growth in new sectors. 

 

• Drive breakthrough solutions: By focusing on R&D, Valdor Ventures will aim to develop technologies that address critical challenges and create new possibilities in fiber optics and related fields. 

 

To achieve these goals, Valdor Ventures will embrace a "skunkworks" approach – a small group within an organization given a high degree of autonomy and unhampered by bureaucracy, tasked with working on advanced or secret projects. This model is designed to enable rapid prototyping, experimentation, and agile development, fostering a culture of creativity and innovation. Jon James, a current Director of Valdor, will serve as Head of Valdor Ventures.

Focus Areas and Potential Impact

 

Valdor Ventures will concentrate its efforts on several key areas within fiber optics and related fields, including:

 

• Quantum communications: Exploring the potential of quantum technologies to enhance the security and speed of fiber optic networks. 

 

• AI-powered network optimization: Developing intelligent systems that can optimize network performance, predict failures, and improve efficiency. 

 

• New materials for fiber optic cables: Researching and developing advanced materials that offer improved performance, durability, and sustainability. 

 

These innovations are expected to translate into tangible benefits for Valdor’s existing customers and stakeholders.

 

Management Commentary

 

"The launch of Valdor Ventures marks an exciting new chapter for Valdor," said Dorian Banks, CEO of Valdor. "We are committed to pushing the boundaries of innovation and developing solutions that not only meet but exceed the expectations of our customers. Valdor Ventures will be instrumental in driving this vision forward."

 

Jon James, Head of Valdor Ventures, added, "We are thrilled to embark on this journey of exploration and discovery. Our team is eager to collaborate with talented individuals and organizations to develop technologies that will shape the future of fiber optics and beyond."

Debt Settlement

 

The Company also announces it has entered into a debt settlement agreement (the “Settlement Agreement”) to settle outstanding debt owed to an arm’s length creditor (the “Creditor”) totaling $31,500 (the “Debt Settlement”). Pursuant to the Settlement Agreement, the Company has agreed to issue an aggregate of 315,000 common shares in the capital of the Company (each a “Common Share”) at a deemed price of $0.10 per Common Share. The Common Shares issued pursuant to the Settlement Agreement will be subject to a four month and one day hold period, pursuant to National Instrument 45-106 – Prospectus Exemptions.

 

The board of directors of the Company determined that it is in the best interests of the Company to complete the Debt Settlement in order to preserve the Company's cash for working capital.

About Valdor

Valdor Technology International Inc. has an operating subsidiary company, Valdor Fiber Optics, Inc., headquartered near San Francisco, California which assembles optical fiber components and specializes in the design, manufacture and sale of passive fiber optic equipment.

   

ON BEHALF OF THE BOARD OF DIRECTORS OF

VALDOR TECHNOLOGY INTERNATIONAL INC.

 

Dorian Banks

CEO & Director

604-687-3775

 

Forward-Looking Statements

 

The information in this news release includes certain information and statements about management’s view of future events, expectations, plans, and prospects that constitute forward-looking statements. These statements are based upon assumptions that are subject to risks and uncertainties. Forward-looking statements in this news release include, without limitation, statements respecting: the purpose and goals of the Company’s creation of Valdor Ventures and expected goals of Valdor Ventures itself; and the Debt Settlement. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statement will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements, or otherwise.

  

No securities regulatory authority has either approved or disapproved of the contents of this news release.

  

1 https://www.globenewswire.com/news-release/2024/10/9/2960309/0/en/Fiber-Optic-Cable-Market-to-cross-USD-25-billion-by-2032-Says-Global-Market-Insights-inc.html