Mr. Dorian Banks reports

VALDOR TECHNOLOGY INTERNATIONAL INC. PROVIDES UPDATE ON FIBER OPTIC MARKET AND ACTIVITIES AND ANNOUNCES DEBT SETTLEMENT

Valdor Technology International Inc. has released its strong operational results for the nine months ended Sept. 30, 2024, and its position in the rapidly growing global fibre optic market.

The company's subsidiary, Valdor Fiber Optics Inc., headquartered near San Francisco, Calif., is an optical fibre component company specializing in the design, manufacture and sale of passive fibre optic components. The company manufactures its products in California and earns sales revenue by selling the passive fibre optic components by delivery to customers in the United States.

During the nine months ended Sept. 30, 2024, Valdor Fiber Optics generated $407,951 in revenue from operations, compared with $199,771 in the same period of 2023, demonstrating significant growth. Direct costs for the nine months ended Sept. 30, 2024, were $372,427, compared with $192,220 in the same period in 2023. All figures are unaudited.

"Valdor is a high-technology fibre optic components company specializing in the design and manufacture of fibre optic connectors, enclosures, laser pigtails, and other optical and optoelectronic components," said Dorian Banks, chief executive officer of Valdor. "We produce a full spectrum of high-quality rugged field installable connectors and components in a global market that is experiencing significant growth."

Global fibre optic market growth and FTTx expansion

Progress in optical communications is being driven by growth in new applications and services requiring ever greater bandwidth to satisfy user demand. A significant and growing segment of the industry is the final mile in fibre connection, referred to as FTTx (fibre to the x), as the industry rolls out fibre to end-users to meet this communication demand. Fibre optic connectors become a critical component to achieving this access.

In the company's view, the global fibre optic market will experience substantial growth in the coming years, driven by increasing demand for high-speed Internet and data connectivity, the rising adoption of cloud computing and data centres, and the growing need for reliable and secure communication networks.

Addressing security concerns in the fibre optic industry

Recent events, such as the fibre optic cable cutting incidents in the North Sea, have highlighted the vulnerability of critical infrastructure and the importance of robust security measures to protect communication networks. Industry experts emphasize the need for increased vigilance and pro-active measures to prevent and mitigate such incidents.

"The Baltic Sea undersea cable disruptions in November, 2024, starkly exposed the fragility of Europe's critical infrastructure," said a leading threat intelligence expert. "For both military and civilian organizations, the lesson is clear: Resilience is paramount. Safeguarding critical infrastructure, including undersea cables, requires a comprehensive like approach that combines advanced technologies with robust risk frameworks."

Valdor is committed to providing innovative and reliable fibre optic solutions that meet the evolving needs of the industry. The company hopes that its focus on quality, performance and security will position it as a key player in the global fibre optic market.

Debt settlement

The company also announces it has entered into debt settlement agreements to settle outstanding debts owed to creditors totalling $181,500. Pursuant to the settlement agreements, the company has agreed to issue an aggregate of 981,081 units at a deemed price of 18.5 cents per unit. Each unit will be composed of one common share in the capital of the company and one common share purchase warrant. Each warrant will be exercisable for one common share at a price of 25 cents per share for a period of two years. All securities issued pursuant to the settlement agreements will be subject to a four-month-and-one-day hold period, pursuant to National Instrument 45-106 (Prospectus Exemptions).

The debt settlement includes a director of the company as to 170,270 units for consulting services. Such director's transaction is considered to be a related-party transaction as defined under Multilateral Instrument 61-101. Such transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of the transaction does not exceed 25 per cent of the market capitalization of the company, as determined in accordance with MI 61-101.

The board of directors of the company determined that it is in the best interests of the company to complete the debt settlement to preserve the company's cash for working capital.

About Valdor Technology International Inc.

Valdor is a provider of advanced fibre optic components, specializing in the design, manufacture and sale of passive fibre optic connectors, enclosures and other optical components. The company provides high-quality, rugged and field-installable solutions for a wide range of applications. Valdor is committed to innovation and delivering cutting-edge fibre optic solutions to meet the growing demands of the global market.

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