FTG - The Opportunity.
In an increasingly digitalized and technology-dependent world, there
seems little doubt that companies with the ability to provide the
right products and services to computer-based industries have a
FTG is a publicly traded Company on the
Toronto Stock Exchange listed as "FTG".
The printed circuit board is a fundamental component of every piece
of computer equipment. Computer chips must be mounted on a platform
of some kind. The PCB is, and will almost certainly continue to
be, the only product that can fulfil this role.
Printed circuits can vary widely in their sophistication and complexity.
Telecommunications, computer and defence applications require the
use of printed circuit boards that meet precise and often unique
specifications. Profit margins for these complex circuits are typically
higher than those for the simpler low and medium density boards
used in consumer products.
At FTG, we obtain about 70% of our revenues from such sophisticated
printed circuits. All are custom-designed, with our engineering
and quality control groups working closely with the individual customer.
This collaborative approach enables our customers to develop and
bring their products to market quickly.
FTG is the Canadian technology leader and few appear to be as well
positioned in the North American market, where printed circuit board
sales are $8-9 billion annually.
Currently, about three-quarters of our sales are to the United States.
These revenues are derived primarily from the World's leading OEM's
and their sub-contract assemblers. The sub-contract segment is the
fastest growing market for printed circuit boards.
On October 19, 2017, the Toronto Stock Exchange (TSX) announced that it has adopted, and the Ontario Securities Commission has approved, amendments to the TSX Company Manual under Part IV, introducing section 473, which requires TSX listed issuers to make available on their website current copies of the following documents:
1. Articles of incorporation, amalgamation, continuation or any other constating or establishing documents of the issuer and its bylaws. [Articles of Amendment, Bylaws]
2. If adopted, copies of the issuers:
> Majority voting policy [Management Proxy Circular]
> Advance notice policy [Bylaws]
> Position descriptions for the chairman of the board[Management Proxy Circular]
> Board mandate [Management Proxy Circular]
> Board committee charters [Management Proxy Circular].