Firan Technology Group Corporation (“FTG”) Announces New Long Term Agreements With Rockwell Collins

TORONTO, June 06, 2018 (GLOBE NEWSWIRE) -- Firan Technology Group Corporation (TSX:FTG) announced today that it has been awarded new Long Term Agreements from Rockwell Collins for the supply of Printed Wiring Boards (PWBs).

The award incorporates a variety of technologies for use on major airframe platforms across Business, Regional, Air Transport and Government Systems market applications and consists of multi-year awards up to five years.

A large portion of the business award has been attributed to FTG’s ability to offer global solutions. Through FTG’s unitization of both its North American and Asian facilities, key objectives were met in securing the awards.

FTG continues to work closely with Rockwell Collins in support of new technology qualifications ensuring long term support of Rockwell Collins PWB requirements.

“FTG appreciates the trust Rockwell Collins has in our ability to deliver quality product and adapt to the ever changing technologies and economic conditions,” stated Ian Maknyik, Director of Business Development. “We look forward to sharing future success and growth opportunities with Rockwell Collins for years to come.”

ABOUT FIRAN TECHNOLOGY GROUP CORPORATION

FTG is an aerospace and defense electronics product and subsystem supplier to customers around the globe. FTG has two operating units:

FTG Circuits is a manufacturer of high technology, high reliability printed circuit boards. Our customers are leaders in the aviation, defense, and high technology industries. FTG Circuits has operations in Toronto, Ontario, Chatsworth, California and a joint venture in Tianjin, China.

FTG Aerospace manufactures illuminated cockpit panels, keyboards and sub-assemblies for original equipment manufacturers of aerospace and defense equipment. FTG Aerospace has operations in Toronto, Ontario, Chatsworth, California, Fort Worth, Texas and Tianjin, China.

The Corporation's shares are traded on the Toronto Stock Exchange under the symbol FTG.

FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements.  These forward-looking statements are related to, but not limited to, FTG’s operations, anticipated financial performance, business prospects and strategies. Forward-looking information typically contains words such as “anticipate”, “believe”, “expect”, “plan” or similar words suggesting future outcomes.  Such statements are based on the current expectations  of management of the Corporation and inherently involve numerous risks and uncertainties, known and unknown, including economic factors and the Corporation’s industry, generally.  The preceding list is not exhaustive of all possible factors.  Such forward-looking statements are not guarantees of future performance and actual events and results could differ materially from those expressed or implied by forward-looking statements made by the Corporation.  The reader is cautioned to consider these and other factors carefully when making decisions with respect to the Corporation and not place undue reliance on forward-looking statements. Other than as may be required by law, FTG disclaims any intention or obligation to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.

Additional information can be found at the Corporation’s website www.ftgcorp.com