Mr. Dorian Banks reports

VALDOR LAUNCHES VALDOR VENTURES TO DRIVE INNOVATION IN FIBER OPTICS AND BEYOND AND ANNOUNCES DEBT SETTLEMENT

Valdor Technology International Inc. has launched Valdor Ventures, a new subsidiary focused on fostering innovation, research and development, and breakthrough ideas. Valdor Ventures will operate as a dedicated incubator for exploring new technologies and developing solutions in fibre optics and related fields.

The global fibre optic market is projected to reach $25-billion (U.S.) by 2032, driven by increasing demand for high-speed Internet and data connectivity. To capitalize on this growth and address evolving industry challenges, the company has launched Valdor Ventures to act as a catalyst for innovation, positioning Valdor as a key player in the global fibre optic market.

Valdor, through its subsidiary, Valdor Fiber Optics Inc., headquartered in San Francisco, Calif., specializes in the design, manufacture and sale of passive fibre optic components. With a strong record in the industry, Valdor is committed to delivering high-quality, reliable solutions that meet the evolving needs of the market.

Valdor Ventures: a Skunkworks approach to innovation

Valdor Ventures represents a significant step forward in the company's commitment to innovation. By establishing a dedicated entity for R&D, Valdor aims to:

• Accelerate the development of new technologies: Valdor Ventures will provide a platform for exploring emerging trends and experimenting with novel concepts, enabling the company to stay ahead of the curve in the rapidly evolving technology landscape. This will be achieved through partnerships with research institutions, dedicated labs and focused innovation programs.
• Foster a culture of innovation: Valdor Ventures will create an environment where creativity and experimentation are encouraged, attracting top talent and fostering a dynamic exchange of ideas.
• Expand into new markets: Valdor Ventures will explore opportunities beyond the company's core fibre optic business, potentially leading to diversification and growth in new sectors.
• Drive breakthrough solutions: By focusing on R&D, Valdor Ventures will aim to develop technologies that address critical challenges and create new possibilities in fibre optics and related fields.

To achieve these goals, Valdor Ventures will embrace a Skunkworks approach -- a small group within an organization given a high degree of autonomy and unhampered by bureaucracy, tasked with working on advanced or secret projects. This model is designed to enable rapid prototyping, experimentation and agile development, fostering a culture of creativity and innovation. Jon James, a current director of Valdor, will serve as head of Valdor Ventures.

Focus areas and potential impact

Valdor Ventures will concentrate its efforts on several key areas within fibre optics and related fields, including:

• Quantum communications: exploring the potential of quantum technologies to enhance the security and speed of fibre optic networks;
• Artificial-intelligence-powered network optimization: developing intelligent systems that can optimize network performance, predict failures and improve efficiency;
• New materials for fibre optic cables: researching and developing advanced materials that offer improved performance, durability and sustainability.

These innovations are expected to translate into tangible benefits for Valdor's existing customers and stakeholders.

Management commentary

"The launch of Valdor Ventures marks an exciting new chapter for Valdor," said Dorian Banks, chief executive officer of Valdor. "We are committed to pushing the boundaries of innovation and developing solutions that not only meet but exceed the expectations of our customers. Valdor Ventures will be instrumental in driving this vision forward."

Jon James, head of Valdor Ventures, added: "We are thrilled to embark on this journey of exploration and discovery. Our team is eager to collaborate with talented individuals and organizations to develop technologies that will shape the future of fibre optics and beyond."

Debt settlement

The company also announces it has entered into a debt settlement agreement to settle outstanding debt owed to an arm's-length creditor totalling $31,500. Pursuant to the settlement agreement, the company has agreed to issue an aggregate of 315,000 common shares in the capital of the company at a deemed price of 10 cents per common share. The common shares issued pursuant to the settlement agreement will be subject to a four-month-and-one-day hold period, pursuant to National Instrument 45-106 (Prospectus Exemptions).

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 has an operating subsidiary company, Valdor Fiber Optics, headquartered near San Francisco, Calif., which assembles optical fibre components and specializes in the design, manufacture and sale of passive fibre optic equipment.

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