Valdor Technology International Inc (CSE:VTI) said on Monday it has signed an exclusive reseller agreement with an Ontario-based developer of the blockchain-backed PPRTRL software platform, to distribute the technology in North America and Europe.
Under the agreement, Valdor will receive a five-year exclusive resale license for the PPRTRL platform, a solution designed to enable secure digital transactions through real-time session monitoring and blockchain-based recordkeeping.
In exchange, Valdor will issue three million common shares at a deemed price of C$0.065 per share to PPRTRL and pay royalties on revenues generated from licensing the platform.
The royalty structure includes 5% on revenues up to C$1 million, 4% on revenues between C$1 million and C$3 million, and 3% on revenues exceeding C$3 million.
PPRTRL will retain full responsibility for the platform’s development, maintenance, and customer support, while also providing integration and training services to end users. These services will be billed to Valdor at standard rates.
“We are thrilled to partner with the creators of the PPRTRL platform,” said Valdor CEO Dorian Banks.
“This agreement provides us with the exclusive rights to a highly innovative technology solution in two key markets, and we look forward to advancing its commercial rollout.”
Valdor Technology International Inc. has an operating subsidiary, Valdor Fiber Optics, headquartered near San Francisco. The subsidiary assembles optical fiber components and specializes in the design, manufacture, and sale of passive fiber optic equipment.