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For Immediate Release: September 22, 2005
FTG Aerospace to Develop New Aircraft Cockpit Power Supply
Toronto, September 22 - Firan Technology Group Corporation today announced its Aerospace Division has entered into an agreement with Bell Helicopter Textron on the development, design and manufacture of programmable power supplies. The Letter of Intent identifies the selection of FTGs Lighting Power Supply (LPS) for use on the new Bell 429 platform.

FTG Aerospace responded to the growing demands of their customer base by moving up the value chain; launching into programmable power supplies. We recognized in our discussions with various OEMs that the method of balancing illuminated cockpit panels in an aircraft was dated, said Peter Dimopoulos, Sales Manager. Our customers identified that current methods used in this application were less than ideal. We are extremely pleased to be working with a premiere OEM in the launch of our new product.

The Lighting Power Supply is designed to be programmable and have dimming functions for each of the outputs. Airframe manufacturers who install illuminated panels will now be able to program and/or pre-select specific dimming tables for each of their panels. These dimming tables would be separately adjusted to allow for balancing of the cockpit panels. This product greatly reduces the time and cost for aircraft manufacturers to complete the integration of an aircraft cockpit.

About Firan Technology Group

FTG is an aerospace and defence 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, defence, 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 may contain certain forward-looking statements. 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 Companys 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. The Company does not undertake and has no specific intention to update any forward-looking statements, written or oral that may be made from time to time by or on its behalf 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 x314
Firan Technology Group
bradbourne@firantechnology.com

Joseph R. Ricci, Vice President and CFO
Tel: (416) 299-4000 x309
Firan Technology Group
joericci@firantechnology.com