RE: NR's needed with Corp. Names and Sales $$$'sHi Scoops. I am a long time shareholder of VTI, and share your opinion that we have waited a long time. I believe management feels the same way too. They have worked very hard for the last few years, on a shoe string budget( in order not to dilute shares), and finally got their product into the market. They do have sales, albeit modest, and some of the most prominent corporations in many fields are testing or completed testing these connectors, which are second to none. 3M and Corning can't compete, and Michel Rondeau, the pres. and inventor, can develope new applications to suit specialty needs that the other companies can't(niche markets). Anyone who is tech savy or in the fibre optics field is blown away by how good this product is. Generally it takes about 3 years for a company , once they have been introduced to a new product, to begin ordering. Some of Valdor's clients have done this in less than 1 1/2 years. Distributors have to be very cautious about changing product lines to their customers, as they are responsible for any problems after the sale, and could loose long term customers and forward sales.
Lockheed Martin has given Valdor a vendor permit number, and should be ordering very soon. They have been putting these connectors through extremely tough tests for a year now. Valdor is the only company to pass. Lockheed hopes to have our product in their F-35's and F-25's soon.
Numerous world class companies have been testing their product line or otherwise in discussion with management: Schlumberger, Lockheed, Northrop Grumman, Meg Labs, NNE Construction (Nevada - Barrick Gold & Newmont Mining), Timbercon, AFL Telecommunications, Kitco Defense, Schindler Elevators, Rockwell-Collins, Luna Innovations, Western Electric, Cable Plus(U.S.), and Cable One(U.S.).
If you look at this list, you may see a name that matches the specs in the latest news release. Possibly number 3. The reason they weren't named in the release is by request due to the sensitive nature of the company's testing and intended use. Management is always willing to speak to shareholders or those contemplating becoming one. Phone Elston Johnston, director and largest shareholder 604-272-0105.
And that reminds me, management owns a lot of the outstanding shares, and estimate 3/4 of the float is in tight hands. I feel this company is very close to breaking out, as do others, as new networks of people are being exposed to Valdor; as expressed in the share volume Thurs. and Fri. Spread the word, and let others know of this dynamic growth company.
Have a great weekend, Sparky.