Valdor Appoints New President and Director
HAYWARD, Calif., Dec. 7, 2012 /PRNewswire via COMTEX/ --
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(TM) and HeptoPort technologies. Valdor's Impact Mount(TM) 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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SOURCE Valdor Technology International Inc.
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