Valdor Technology Int'l Inc (VTI)

[investor15]

Valdor Technologies gets purchase order from Canadian telecom

23rd Aug 2013
by Anwar Ali

Shares of Valdor Technology International (CVE:VTI) are soaring 14% after it announced an initial purchase order from an undisclosed Canadian telecommunications firm.

The telecom installed units of Valdor's harsh environment products into its fibre network in January, produced by the company's subsidiary, Valdor Fiber Optics. According to Valdor, the products exceeded the telecom's expectations. Discussions are now underway to sell additional supply to the telecom, as well as other products.

“I see this as a gateway purchase order for Valdor ultimately doing more business with this specific telecom, but in the big picture, for us doing significant business with other Canadian, North American, Central American and South American telecoms," said Ron Boyce, director and vice-president of sales and marketing.

The market for fibre-related products is growing. Valdor intends on capturing a significant share of the fibre optic products market, especially within the telecom sector, which accounts for about 80% of global fibre optic expenditures.

Fiber optics require sophisticated connectors, splitters, and other devices in order to function. Valdor makes these components and specializes in harsh environment products, in particular splitters and connectors.

Aside from telecom, Valdor's other potential targets include medical, military and security industries. Valdor estimates the market for its products is roughly $100M annually in Canada.

http://www.proactiveinvestors.com/companies/news/47389/valdor-technologies-gets-purchase-order-from-canadian-telecom-47389.html