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Reed Mine Achieves Commercial Production

VANCOUVER, BRITISH COLUMBIA–(Marketwired – May 1, 2014) - VMS Ventures Inc. (TSX VENTURE:VMS) (“VMS Ventures” or the “Company”) is pleased to update shareholders on the progress made at the Reed mine, near Flin Flon Manitoba. VMS Ventures owns 30% of the mine and is carried to production. Hudbay Minerals Inc. (TSX:HBM)(NYSE:HBM) (“Hudbay”) owns 70% and is the Operator.

The Reed copper project advanced to mine status after achieving commercial production on March 31, 2014.

  • Averaging 60% of full production tonnage (1,300 tonnes per day) over the last 90 days, having operated at 792 tonnes per day in the first quarter of 2014.
  • During the first quarter Reed mined 71,236 tonnes of ore at a copper grade of 1.92% and a zinc grade of 2.14% from a combination of ore development and longhole stope mining.
  • The project has invested $66 million to the end of Q1, 2014 and approximately $4 million of project capital will be spent as sustaining capital over the life of mine.
  • The project was completed under budget and ahead of guidance with no lost time accidents.
  • Sale of copper and zinc concentrates will start to pay back the Company’s project loan and advance VMS towards cash flow.
  • During the month of March development advanced 288 metres or 9.3 metres per day, for a total of 3,215 metres project to date.
  • 27,407 tonnes of ore were mined in March.
Neil Richardson, VMS Ventures’ COO states: “We are very pleased to see the Reed copper project advance to mine status and achieve commercial production. The mine continues to advance towards full production and has operated without any lost time accidents. Thanks to all the employees and contractors for a job well done.”

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Geophysical Surveys Underway at Maniitsoq

VANCOUVER, BRITISH COLUMBIA–(Marketwired – April 17, 2014) – North American Nickel Inc. (TSX VENTURE:NAN)(OTCBB:WSCRF)(CUSIP:65704T 108) (the “Company”) is pleased to announce that Crone Geophysics of Mississauga, Ontario have mobilized their crews to the Imiak Hill Conduit Complex (IHCC), part of the Company’s 100% owned Maniitsoq nickel-copper-cobalt-PGM project in southwest Greenland.

Geophysical Surveys Underway

The geophysical survey work now underway consists of surface time-domain PEM and gravity surveys in the Imiak Hill Conduit Complex, where significant nickel-copper-cobalt PGE mineralization has been intersected in drill holes by the company over the past two drill seasons. These intersections include:

  •            Imiak Hill DDH MQ-13-028: 24.75 metres of near massive to massive sulphide grading 3.19% Ni, 1.14% Cu, 0.11% Co, including; 17.91m of 3.80% nickel, 1.42% copper, 0.13% cobalt and 0.01 g/t PGM;
  •            Imiak North DDH MQ-13-029: 55.75m of disseminated to near massive and massive sulphide grading: 1.28% nickel, 0.36% copper, 0.04% cobalt, and 0.03 g/t PGM, including;9.99m of 4.65% nickel, 0.33% copper, 0.13% cobalt and 0.08 g/t PGM; and
  •            Spotty Hill DDH MQ-12-005: 123.94 meters of disseminated, net-texture, to near massive and massive sulphide grading 0.81% nickel, 0.21% copper, 0.03% cobalt & 0.26 g/t platinum (Pt) + palladium (Pd) + gold (Au), including: 24.20 m @ 1.75% Ni, 0.34% Cu, 0.06% Co & 0.52 g/t Pt+Pd+Au.

President Dr. Mark Fedikow P.Geo. states: “Our deepest hole to date at Imiak Hill in the IHCC intersected high-grade massive sulphide nickel-copper mineralization 185 m below surface. The new geophysical ground surveys are designed to look below that depth and define the extent and shape of our high-grade mineralized zones providing plunge, strike and dip attitudes for the mineralization. The results from these 2014 ground geophysical surveys coupled with the airborne surveys and drill results from 2012 and 2013 will assist with drill targeting at the IHCC. Our team worked last week with four seasoned and internationally experienced nickel sulphide geoscientists. The agenda included a thorough review of the IHCC and all the regional norite-hosted nickel sulphide targets identified as a priority for the 2014 season. We look forward to including them again along the path to discovery at Maniitsoq.”

www.northamericannickel.com

Canadian Marijuana Stocks

 

There are changes on the horizon concerning Canada’s medical marijuana laws. Canada is transitioning from the current Marijuana for Medical Access Program (MMAR) to the Marijuana for Medical Purposes Regulations (MMPR). The Government has transferred production and distribution of marijuana for medicinal purposes to companies that have met security requirements.

 

These changes have spurred a growth of over 40 new publicly traded Canadian Cannabis companies that are all entering this new growth industry. The recent IPO Tweed Marijuana Inc. is trading at 7x’s valuation in the $3.00 ange.

 

Health Canada estimates that the emerging medical marijuana market to be in excess of $1 billion. Stephen Easton, an SFU Economist, estimated that nationally the Cannabis industry generates approximately $19 to $21 billion.

 

Cannabis Investor is a website dedicated to publicly traded Canadian Cannabis Companies.

 

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Valdor Makes Submission to SEC for Listing on US OTCQB

VANCOUVER, British Columbia, March 26, 2014 (GLOBE NEWSWIRE) — Valdor Technology International Inc. (“Valdor”) (TSX-V:VTI) (OTC:VTIFF) is pleased to report that application to the Securities Exchange Commission (SEC) to have Valdor listed on the OTCQB Securities Market in the US is completed and is being filed today.

OTC Markets Inc., located in New York, N.Y., operates the world’s largest electronic interdealer quotation system for broker-dealers to trade over 9,000 securities not listed on any other U.S. stock exchange. It is organized into three tiers based on the level of disclosure: OTCQX, OTCQB and Pink Sheets. When this listing is completed, North American & International investors will be able to find news, current financial disclosure and real-time Level 2 quotes for Valdor on www.otcmarkets.com.

Mr. Brian Findlay, CFO/Director, states: “We want investors throughout the world to have ready access to Valdor stock ownership so we can facilitate stock distribution internationally. Listing on the US OTC Bulletin Board market will greatly help us achieve this objective.”

About Valdor Technology International Inc. : 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 MountTM technology. The company specializes in harsh environment products and in particular splitters and connectors and; 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.www.valdortech.com

Valdor Acquires Revenue Based Videoware Inc.

February 21, 2014: The Board of Directors of Valdor Technology International Inc. (“Valdor”) (TSX-V: VTI) (OTC: VTIFF) is pleased to report that Valdor has received approvals from the TSX-V for the acquisition of the business and all the assets of VideoWare, Inc. (“VideoWare”), a wholly owned subsidiary of ViewCast.com, Inc. (“ViewCast”), located in Grapevine, Texas. VideoWare has been in business for eight years and revenue for the calendar year ending, December 2013, was in excess of US$1,800,000.

Valdor acquires the business and assets of VideoWare with payment of US$500,000 following receipt of TSX-V approval. An additional payment of US$600,000 is secured by a promissory note to be paid by March 21, 2014. A 7% royalty on gross sales from the VideoWare business will be paid to ViewCast over a five year period, to a maximum of US$1,750,000. Valdor is funding the acquisition of the VideoWare business and assets through a combination of debenture and equity financing. (Please see Valdor news release dated January 29, 2014.)

Mr. Elston Johnston, Chairman-of-the-Board/Director, states: “We are acquiring an asset that is in a great business sector and that has industry leading product lines. In addition to a business in its growth mode, we are acquiring a strong, experienced and motivated management team. We are confident we have both the team and product lines to aggressively grow this business. Our new portable GoStream line is in high demand and we are just now beginning to deploy it.”

About VideoWare: VideoWare is in the streaming media industry and markets the Niagara and GoStream product lines, internationally. There are four patents associated with these product lines. Streaming video is the future of television and Valdor management believes now is the time to enter this compelling business sector.

The streaming video industry is converting to fiber optics;

VideoWare customers are a market for fiber optic components, unrelated to their video streaming and;

VideoWare management, that are part of the acquisition, has significant experience and contacts in the fiber optics industry.

 

http://viewcast.com/products/niagara-systems

 

About the Fiber Optics Industry: Fibre optics is the future of communications. The signal transmission business is in the early stages of a fibre optics bull market. Signal transmission in its many and various forms is being converted from electrical to fibre optics. A comprehensive report by Global Industry Analysts Inc., on the fibre optic components market, projects that the fibre optics market will reach US$42 billion by the year 2017.
About Valdor Technology International Inc. : Valdor is a high technology fibre 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 MountTM technology. Valdor specializes in harsh environment products and in particular splitters and connectors. The Valdor business plan incorporates growth by acquisition.

www.valdortech.com

North American Nickel – 2014 Drilling Scheduled to Begin Early June

VANCOUVER, BRITISH COLUMBIA–(Marketwired – March 3, 2014) - North American Nickel Inc. (TSX VENTURE:NAN)(OTCBB:WSCRF)(CUSIP:65704T 108) (the “Company”) is pleased to announce plans are now being implemented to begin its 2014 exploration and drill programs at its 100% owned Maniitsoq nickel-copper-cobalt-PGM project in Southwest Greenland.

The Company has now awarded or tendered the following contracts:

  • Air Greenland has been selected again this year to provide helicopter support for all of NAN’s field programs. Their experienced pilots and favourable terms insure quality service at competitive pricing for all our exploration activities, including drilling.
  • Tenders for camp and logistics services are being evaluated and will be awarded in the coming week.
  • Tenders for surface TDEM and gravity surveys will also be awarded in the coming week. The ground teams are scheduled to begin work in mid-April. The purpose of these surveys is to assist in identifying deep targets at the Imiak Hill Conduit Complex and the Fossilik showing, which is approximately nine km to the south of the IHCC. The programs and analyses are scheduled to be completed by the end of May, in advance of the 2014 drill program.
  • Drill tenders have been received and will be awarded by the end of March. Drilling is scheduled to begin in early June this year with an aggressive program at the IHCC, the site of high grade intersections including, at Imiak Hill, MQ-13-026: 18.62m core length grading 4.31% Ni 0.62% Cu and 0.14% Co from 156.70m to 175.32m, announced on October 10, 2013.

More than one hundred new conductive targets identified from our 2013 airborne EM survey have now been reviewed based on their geophysical responses. Those targets interpreted to be high priority will be assessed by surface prospecting and geological mapping and then prioritized for the regional drill program, which is planned to be supported by a second drill, scheduled to begin in early July.

North American Nickel CEO, Rick Mark, states: “We have learned a great deal about working in Greenland and even more about the northern portion of our 100% owned, Sudbury-basin sized property located in the moderate climate of southwest Greenland. The incredible high grade intersections from the Imiak Hill Conduit Complex last year have captured the nickel world’s attention. Our geological model is supported by the mineralization improving as we go deeper and the three mineralized conduits at the IHCC being open at depth. We are committed to aggressively drilling to test for underlying nickel sulphide deposits. The grade is evident; this year we plan to build the tonnage. It will be an exciting year for all of our shareholders.”

Qualified Person

All technical information in this release has been reviewed by Dr. Mark Fedikow, P.Geo, who is the Qualified Person for the Company and President, North American Nickel Inc.

About North American Nickel

North American Nickel is a mineral exploration company with 100% owned properties in Maniitsoq, Greenland, Sudbury, Ontario, and the Thompson, Manitoba nickel belt. VMS Ventures Inc. (TSX VENTURE:VMS) owns approximately 23.9% of NAN.

The Maniitsoq property in Greenland is a Camp scale project comprising 3,601 square km covering numerous high-grade nickel-copper sulphide occurrences associated with norite and other mafic-ultramafic intrusions of the Greenland Norite Belt (GNB). The >75km-long belt is situated along, and near, the southwest coast of Greenland, which is pack ice free year round.

The Post Creek/Halcyon property in Sudbury is strategically located adjacent to the past producing Podolsky copper-nickel-platinum group metal deposit of KGHM International Ltd. The property lies along the extension of the Whistle Offset dyke structure. Such geological structures host major Ni-Cu-PGM deposits and producing mines within the Sudbury Camp.

Statements about the Company’s future expectations and all other statements in this press release other than historical facts are “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as that term defined in the Private Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbours created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company’s actual results may differ materially from the expected results

North American Nickel Progress Summary

North American Nickel has been making the news quite a bit lately and has made quite a bit of progress. In this post we are putting together a summary of some of the positive news that has come out lately with NAN.

CEO, Rick Mark, states: “The market has been focused on the Imiak Hill Conduit Complex the past three months and rightly so, as the high grade drill results around Imiak have been outstanding. Today, we want to remind investors that our 100% owned Maniitsoq property, which is larger than the Sudbury basin, has the potential to host the world’s next sulphide nickel-copper-cobalt camp.”

Mining Analyst Stefan Ioannou is positive on NAN

Stefan Ioannou,

Mining Analyst

Haywood Securities

Haywood Securities’ Analyst Stefan Ioannou (SI) was interviewed by The Gold Report in December, 2013 and spoke about base metals and North American Nickel.

SI: We don’t cover much in the nickel space, but there have been a few notable discoveries recently.

One of the best is North American Nickel Inc. (NAN:TSX.V). The company’s Maniitsoq project located in Greenland includes a recent discovery at a target called Imiak Hill. As early as this past summer, we knew the company had hit massive sulfides. At the time, the question was if they were nickel-bearing sulfides. The answer appears to be yes.

Last month, the company released a discovery hole: 19 meters (19m) of 4.3% nickel and 0.6% copper plus a bit of cobalt. A significant intersection. Subsequently, another hole returned 25m grading 3.2% nickel and 1.1% copper.

Those grades are similar to the Voisey’s Bay discovery in the 1990s, although that was underpinned by intervals upward of 100m thick. The thickness at Imiak Hill isn’t quite the same, but the grades definitely are.

It’s a quiet period for North American Nickel now; it won’t get back out to the project until the spring. In the meantime, it can go through the data and nail down drill targets for 2014 and start demonstrating Maniitsoq’s potential size.

TGR: North American Nickel bills Maniitsoq as being bigger than the Sudbury Basin. Is that valid?

SI: I think the land position is larger, yes. Obviously the question is if it is all nickel bearing.

TGR: Sudbury Basin isn’t all nickel bearing either.

SI: Fair enough. The interesting question is why look for nickel in Greenland? The rocks at Maniitsoq are the same rocks that host Voisey’s Bay. At one time, they were connected. Now, because of tectonics, there’s a sea between them.

TGR: Does this shift North American Nickel’s focus away from Post Creek/Halcyon and North Thompson to Maniitsoq?

SI: Maniitsoq is definitely North American Nickel’s flagship project. It’s a junior company with a modest market cap. Its value will be derived from Maniitsoq. Will the company shut off work at those other projects? Probably not, but the market will want to see the company spend most of its energy and capital at Maniitsoq.

CEO Rick Mark Speaks about the Reed Copper Mine

February, 2014

THIRD CANADIAN TELECOM EVALUATING VALDOR SPLITTER

 Telecom Populating Network Using Valdor Splitters

Vancouver, B.C. – December 5, 2013 - Valdor Technology International Inc. (“Valdor”) (TSX-V: VTI OTC – VTIFF) is pleased to report that Valdor’s operating subsidiary, Valdor Fiber Optics, Inc., has delivered a Valdor harsh environment fibre optic splitter to a third Canadian telecom company.  The splitter will be evaluated by this telecom to determine if it is a solution for their on-going communication challenges.

 Mr. Ron Boyce, VP Sales & Marketing/Director, states: “We are extremely pleased that a third Canadian telecom has requested our harsh environment splitter for their evaluation.  The feedback I’m getting, from the Canadian telecoms, is that they are focusing on reliability and integrity of their networks; the fact that three Canadian telecoms are looking to Valdor for product reflects very well on Valdor quality control.  Valdor’s splitters are expected to meet and exceed this telecom’s technical requirements.  We now have one Canadian telecom populating their network with Valdor splitters and two more giving consideration to doing the same.  ”

 There are ten regional and national telecoms in Canada; ranging from the government owned SaskTel to the national and publically owned Bell Canada.  Currently, the telecom fibre-to-the-home (FTTH) market accounts for about 80% of global fibre optic expenditures.  In North America FTTH is at about only 5% penetration.  For the vendor, the telecom market is a difficult one to penetrate due to its extensive requirements for high quality products and services.  It is estimated that the telecom market for passive and active FTTH products, for Canada only, will be in excess of $300 million/year, for at least the next five years.  The telecom FTTH market is much larger in the USA.

 About the Fibre Optics Industry: Fibre optics is the future of communications. The signal transmission business is in the early stages of a fibre optics bull market. All signal transmission, in their many and various forms, are being converted from electrical to fibre optics. A comprehensive global report on the fibre 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 fibre optic components company specializing in the design and manufacture of fibre 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. The Valdor business plan incorporates growth by acquisition.

 For information on Valdor’s product lines please visit www.valdor.com

NAN intersects high-grade nickel-copper-cobalt

DEEPEST DRILL HOLE AT IMIAK HILL RETURNS HIGH GRADE

17.91 Meters Over 3.80% Ni, 1.42% Cu

 

Vancouver, British Columbia, November 7, 2013 – North American Nickel Inc. (TSX VENTURE: NAN) (OTCBB: WSCRF) (CUSIP: 65704T 108) (the “Company”) is pleased to announce that the deepest sulphide intersection to date at Imiak Hill has returned high-grade nickel-copper-cobalt assays demonstrating that the mineralization has continuity and remains open at depth.Imiak Hill is one of three mineralized norites comprising the Imiak Hill Conduit Complex (IHCC), which also includes the Imiak North and Spotty Hill norites.

The IHCC is located in the northern part of the Company’s 100% owned Maniitsoq Nickel – Copper – Cobalt and PGM project in southwest Greenland (figures 1 and 2).

IMIAK HILL

DDH MQ-13-028: at 182m down the hole:

·         Intersected 24.75m grading: 3.19% nickel, 1.14% copper, 0.11% cobalt, and 0.01 g/t PGM

·         Including: 17.91m of 3.80% nickel, 1.42% copper, 0.13% cobalt and 0.01 g/t PGM

·         including: 2.40m of 4.44% nickel, 1.13% copper, 0.15% cobalt and 0.01 g/t PGM

The mineralization in MQ-13-028 corresponds to Zone 30, one of three mineralized zones so far discovered in the Imiak Hill norite (see NAN news releases dated August 23, September 5 and October 10, 2013 for details and Figure 3)

As can be seen from the longitudinal section in Figure 4 and cross section in Figure 5, the mineralization in MQ-13-028 occurs 35 to 75 meters down plunge from previous high-grade intersections in holes MQ-13-026 (25.51m grading 3.25% nickel, 0.48% copper and 0.11% cobalt) and MQ-13-024 (14.90m grading 2.67% nickel, 0.39% copper and 0.09% cobalt). The Company’s 2013 drilling, and corresponding assay results, confirm that the sulphide mineralization at Imiak Hill is high-grade, has continuity and remains open at depth. The company is awaiting further assays from other prospects at Maniitsoq.

NAN COO, Neil Richardson, states: “Hole 28’s high grade core contains similar values to hole 26 which support our magma conduit model of high grade nickel-copper-cobalt mineralization at Imiak Hill. We were interested to see the much higher copper grade in hole 28, reflected in more chalcopyrite in the near solid sulphide mineralization we reported earlier this fall. At 180 meters vertically below surface MQ-13-028 is the deepest intersection to date at Imiak. It has a true width of approximately 11.2 meters, and importantly, remains open at depth.”

Richardson continues: “The 2014 drill program will focus on expanding the known mineralized zones and exploring for additional mineralization within the IHCC. Specifically, we will be looking for geological environments suitable for the accumulation of large quantities of nickel-copper-cobalt sulphide mineralization. Our main targets will be the footwall contacts of the norite bodies, embayments along these contacts and other parts of the conduit system where the velocity of nickel-rich norite magma may have been locally reduced. Also, the possibility that mineralization may extend beyond the norite bodies into the surrounding country rocks will be tested.”

Details of the intersection are given in Table 1, location coordinates for MQ-13-028 are provided in Table 2 below and a copy of the drill log is available on the Company’s website (www.northamericannickel.com). As can be seen from Table 1, this intersection includes a 4.44 m long section of unmineralized rock, which corresponds to a leucogabbro dyke.

Table 1. Summary of assay results from MQ-13-028

table1

    

Note: (m) = meters, % = percent, g/t = grams per tonne             

(1) TPM is total precious metals (gold+platinum+palladium)                                                                   

 

Table 2. Collar coordinates of MQ-13-028. The datum used to acquire the UTM coordinates is World Geodetic System 84 Universal Transverse Mercator Zone 22 North. Azimuth is degrees from true north. Elevation indicates meters above sea level.

 

table2

 

More Images and Maps

table4

table5

 

As in previous holes drilled at Imiak Hill, the mineralization in MQ-13-028 is hosted within dark green-grey, massive, weakly magnetic norite with occasional clasts of coarser grained norite. Drill logs and additional maps are available on the company’s website at http://www.northamericannickel.com/

Drill core assay results are evaluated as part of a Quality Assurance and Quality Control procedure that includes the use of multi-element, certified standards with known precious and base metal values, blank standards and control charts to determine accuracy and precision of analytical results. Core sample analysis was completed by ALS Scandinavia AS of Öjebyn, Sweden. Three methods of analysis were used to determine element concentrations in the rock samples submitted to ALS. These were 1. A multi-element scan, subsequent to a four-acid digestion and ICP/ICP-AES finish; 2. Au, Pt and Pd lead fire assay on a 30 gram sample with ICP-AES finish; and 3. Samples with >1.00% Ni or Cu were re-analyzed by ICP-AES calibrated for ore grade detection limits. Samples with >0.50% S were re-analyzed by Leco furnace and infrared spectroscopy.

The Maniitsoq nickel-copper-cobalt & PGM project in southwest Greenland contains the 75km-long Greenland Norite Belt (GNB) and is 100% owned by North American Nickel.

About North American Nickel

North American Nickel is a mineral exploration company with 100% owned properties in Maniitsoq, Greenland, Sudbury, Ontario, and the Thompson, Manitoba nickel belt. VMS Ventures Inc. (TSX VENTURE:VMS) owns approximately 23.9% of NAN.

The Maniitsoq property in Greenland is a Camp scale project comprising 5,106 square kms covering numerous high-grade nickel-copper sulphide occurrences associated with norite and other mafic-ultramafic intrusions of the Greenland Norite Belt (GNB). The >75km-long belt is situated along, and near, the southwest coast of Greenland, which is pack ice free year round.

The Post Creek/Halcyon property in Sudbury is strategically located adjacent to the past producing Podolsky copper-nickel-platinum group metal deposit of KGHM International Ltd. The property lies along the extension of the Whistle Offset dyke structure. Such geological structures host major Ni-Cu-PGM deposits and producing mines within the Sudbury Camp.

Statements about the Company’s future expectations and all other statements in this press release other than historical facts are “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as that term defined in the Private Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbours created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company’s actual results may differ materially from the expected results.

Valdor Sends Sample to 2nd Telecom Company

Vancouver, B.C. – November 6, 2013:  Valdor Technology International Inc. (“Valdor”) (TSX-V: VTI) (OTC:VTIFF) is pleased to report that Valdor’s operating subsidiary, Valdor Fiber Optics, Inc., has delivered a Valdor harsh environment fibre optic splitter to a second Canadian telecom company.  This sample device will be evaluated by this telecom to determine if it is a solution for their on-going splitter problems. 

Mr. Ron Boyce, VP Sales & Marketing/Director, states: “Our confidence in our technology is now beginning to bear fruit with a second Canadian telecom now evaluating our harsh environment splitters.   Reliability and quality are the most important pre-requisites for the Canadian telecoms and Valdor’s harsh environment products have proven that they can meet and exceed their technical requirements.”

There are ten regional and national telecoms in Canada; ranging from the government owned SaskTel to the national and publically owned Bell Canada.  Currently, the telecom FTTx market accounts for about 80% of global fibre optic expenditures.  In North America fibre-to-the-home is at only 5% penetration.  For the vendor, the telecom market is a difficult one to penetrate due to its extensive requirements for high quality products and services.  It is estimated that the telecom market for passive and active FTTx products, for Canada only, will be in excess of $300 million/year, for at least the next five years.  The telecom FTTx market is much larger in the USA.

For medical reasons, Mr. Ralph Kettell has resigned as a Director and Officer of Valdor.  The Valdor Board and Management thank him for his many years of support and assistance and wish him the best of health in the near future.  He will continue to provide services and support.

About the Fibre Optics Industry: Fibre optics is the future of communications. The signal transmission business is in the early stages of a fibre optics bull market. All signal transmission, in their many and various forms, are being converted from electrical to fibre optics. A comprehensive global report on the fibre 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 fibre optic components company specializing in the design and manufacture of fibre 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. The Valdor business plan incorporates growth by acquisition.

For information on Valdor’s product lines please visit www.valdor.com.