Firan Technology Group Corporation (FTG) Wins Two Supplier Awards From Rockwell Collins
Toronto, May 8, 2008 – FTG Aerospace was selected for the Lean Initiative Award 2008 from Rockwell Collins. The award was presented by Jeff Moore, Senior Vice President of Operations, during the company’s Annual Supplier Conference. FTG won this award in competition across all suppliers to Rockwell. FTG dedicates resources to lean programs across the company.
“During 2007 FTG used lean principles in developing the layout and manufacturing flow for the new facility for FTG Aerospace which resulted in significant improvement in manufacturing efficiencies for the business” said Randy Drake, Director of Manufacturing.
“The move to our new facility integrated all of operations under one roof which provided a great opportunity to take waste out of our process. It was a huge initiative involving buy in and participation from our entire staff. We are grateful that the improvement has been recognized so quickly from one of our largest stakeholders” said Collin Latchman, Vice President andGeneral Manager.
“For the second straight year, FTG has earned our Lean Initiative Award,” said Roger Weiss, Vice President of Material and Supply for Rockwell Collins. “This recognizes their track record of being able to shorten lead times, assist Rockwell Collins in reducing inventories and meeting our customers’ needs.”
FTG Aerospace also won the Supplier of the Year award for the Human Machine Interface product group. FTG Aerospace manufactures illuminated cockpit products including panels, hybrid panels and bezels for both commercial and military applications for Rockwell and was cited for performance in meeting delivery schedules and product quality. FTG Aerospace was also recognized for design and engineering support and the teamwork demonstrated with Rockwell Collins.
“We are honored to be selected for two awards from Rockwell Collins. Across FTG, we focus everyday on Operational Excellence so it is very rewarding to be recognized for our efforts and accomplishments,” stated Brad Bourne, President and CEO, FTG Corporation. “This brings our total awards from customers in 2008 to three, again showing that our relentless focus on quality and delivery is paying off.”
Rockwell Collins (NYSE:COL) is a pioneer in the development and deployment of innovative communication and aviation electronic solutions for both commercial and government applications. Our expertise in flight deck avionics, cabin electronics, mission communications, information management and simulation and training is delivered by 20,000 employees and a global service and support network that crosses 27 countries. To find out more, please visit www.rockwellcollins.com.
ABOUT FIRAN TECHNOLOGY GROUP CORPORATION
FTG is an aerospace and defense electronics product and subsystem supplier to the North American marketplace. 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 and Chatsworth, California.
FTG Aerospace manufactures illuminated cockpit panels, keyboards and sub-assemblies for original equipment manufacturers of avionics products as well as airframe manufacturers.
The Company's shares are traded on the Toronto Stock Exchange under the symbol FTG.
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 Company and inherently involve numerous risks and uncertainties, known and unknown, including economic factors and the Company’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 Company. The reader is cautioned to consider these and other factors carefully when making decisions with respect to the Company 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.
For further information please contact:
Bradley C. Bourne, President and CEO
Tel: (416) 299-4000 x 314
Firan Technology Group Corporation
Joseph R. Ricci, Vice President and CFO
Tel:(416) 299-4000 x 309
Firan Technology Group Corporation
Additional information can be found at the Company’s website www.ftgcorp.com