Vancouver, B.C. – TheNewswire - May 16, 2025 – Valdor Technology International Inc. (“Valdor” or the “Company”) (CSE: VTI), a provider of advanced fiber optic components, is pleased to announce that it has entered into a non-binding letter of intent (the “LOI”) with 1000927676 Ontario Inc. (“PPRTRL”), pursuant to which Valdor will acquire the exclusive license to resell the proprietary PPRTRL technology platform (the “Platform”) throughout North America and Europe for a period of five years (the “Transaction”).

About PPRTRL

PPRTRL is a proprietary technology platform that leverages blockchain and real-time monitoring to deliver secure, auditable digital transactions and user interactions across various industry applications. PPRTRL’s real-time action logging feature ensures that every user interaction is recorded instantly, providing an immutable record for compliance and security. This transparency allows businesses to track activities seamlessly, enhancing trust and accountability in all digital transactions. PPRTRL’s quantum-resistant security ensures that data remains secure against future threats. PPRTRL harnesses the power of artificial intelligence to identify and mitigate fraudulent activities in real-time, safeguarding digital transactions like never before.

The Transaction

Pursuant to the terms and conditions of the non-binding letter of intent dated May 15, 2025 between PPRTRL and the Company, the Company will receive a five-year exclusive resale license (renewable upon mutual agreement) in North America and Europe and, in consideration, will issue 3,000,000 common shares of the Company to PPRTRL upon execution of a definitive agreement. The Company will also pay a royalty on the gross revenues generated by the Company from the license of the Platform as follows: 5% of gross revenues up to $1,000,000; 4% of gross revenues between $1,000,001 and $3,000,000; and 3% of gross revenues in excess of $3,000,000. All Company Shares issuable to PPRTRL in connection with the Transaction will be subject to a four month and one day hold period from the date of issue pursuant to National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”).

PPRTRL will retain full responsibility for the development, maintenance, and support of the Platform during the license term and will provide support, integration and training services to end customers as needed. Support, integration and training services shall be provided to end customers subject to PPRTRL’s right to charge the Company at PPRTRL’s then-current standard rates for such services.

The Transaction is subject to receipt of all necessary regulatory approvals, including, as applicable, all required filings with the CSE, completion of due diligence reasonable or customary in a transaction of a similar nature, and entering into a definitive agreement. The Transaction will not constitute a fundamental change or change of business, within the meaning of the policies of the CSE. Further details of the proposed Transaction will be provided as they become available.

About Valdor

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

 

ON BEHALF OF THE BOARD OF DIRECTORS OF

VALDOR TECHNOLOGY INTERNATIONAL INC.

 

Dorian Banks

CEO & Director

604-629-5400

 

Forward-Looking Statements

 

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation, including statements regarding the proposed Transaction, the potential issuance of securities, and the intended benefits of the licensing arrangement. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain acts, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including the Transaction. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

 

No securities regulatory authority has either approved or disapproved of the contents of this news release.