HAYWARD, Calif., Dec. 7, 2012 /PRNewswire/ -- Valdor
Technology International Inc. ("Valdor") (TSX-V: VTI) is pleased to
announce that Mr. Las Yabut has been appointed President of Valdor
and its operating subsidiary Valdor Fiber Optics Inc. and Mr.
Mark Gustavson has joined the Valdor
Board of Directors. Messrs. Yabut and Gustavson add
leadership and company building expertise in the technology/telecom
sector. Valdor will continue to focus on several avenues for
increasing sales and profitability while taking advantage of
Valdor's industry leading next generation product lines.
Mr. Yabut has been Vice President Manufacturing with Valdor for
the past 12 years. Mr. Yabut earned a Bachelor of Science in
Industrial Engineering at the Mapua Institute of Technology in
Manila, the Philippines, in 1983.
While employed with the Passive Products Division of AMP/Tyco
he gained experience first as an Engineering Technician, then as a
Production Supervisor, Manufacturing Engineer, Production Manager
and finally as Director of Operations. He has extensive hands
on experience in the manufacturing and testing of passive
fiber-optic components. He also has extensive relationships with
fiber optic component manufacturing facilities throughout
Asia, the Philippines and North America.
Mr. Gustavson received a Bachelor of Science in Political
Science from the University of Oregon
in 1991. He began his career as a Private Banker at
Hong Kong and Shanghai Banking
Corporation (HSBC) in Saipan, Commonwealth of the Northern Mariana Islands. While at HSBC,
Mr. Gustavson was a Portfolio and Global Investment Manager where
his focus included introducing early stage technology companies to
domestic investors. He is a seasoned and accomplished banker
with focus in institutional backed plays and international business
and has held many simultaneous roles including Angel Investor,
reorganization specialist and company founder; with unrivaled
domain experience in industry-transforming technology
companies. His sector specialties include: biotechnology,
fiber optics, IP based banking, mobile device systems, IP payment
technologies and social media. He currently resides in the
San Francisco Bay Area.
Mr. Robert Nickel has resigned as
Director and Officer. The Valdor Board thanks Mr. Nickel for
his contributions during the past several months and wishes him
well with his future endeavors.
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 their many and various forms, are being converted
from electrical to fiber optics. A comprehensive global
report on the fiber optic 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, and other optical and optoelectronic
components some that use the Valdor proprietary and patented Impact
Mount™ and HeptoPort technologies. Valdor's Impact Mount™
technology is all-mechanical with no epoxy or index matching gel.
Valdor's patented IMT field installable termination kits and
connectors are ideal for harsh environment applications and quick
repair in the field.
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.
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California Operations
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Canadian Office
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3116
Diablo Avenue
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450 -
789 W. Pender Street
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Hayward, CA 94545
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Vancouver, B.C. V6C 1H2
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Telephone: (510) 293-1212
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Telephone: (604) 687-3775
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Fax:
(510) 293-9997
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Fax:
(604) 689-7654
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Email:
info@valdor.com
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Email: bfindlay@valdor.com
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SOURCE Valdor Technology International Inc.