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For Immediate Release: August 31, 2005
Firan Technology Group Completes Agreement With Smiths Aerospace
Toronto, August 31, 2005 – Firan Technology Group Corporation today announced that its Circuits Division in Chatsworth, California has entered into an agreement with Smiths Aerospace for the supply of complex, high reliability printed circuit boards for Smiths’ US operations.

FTG Circuits Chatsworth has been a supplier to Smiths for more than 12 years. FTG Circuits Chatsworth supplies Smiths a wide range of printed circuit boards built with some of the most advanced materials and incorporating complex features such as metal cores for heat dissipation and blind or buried vias to increase the density of the product and reduce its size.

Smiths has historically ordered $1.0M to $2.0 M USD annually from FTG Circuits Chatsworth and this level of sales is expected to continue under the new agreement. This revenue is spread across approximately 100 different part numbers.

“We appreciate the trust Smiths has in our products and performance”, stated Tim Snodgrass, President, FTG Circuits Chatsworth, “and we look forward to continuing to support Smiths’ business success under this new agreement”.

“Beyond this activity, FTG also provides Smiths Aerospace printed circuit boards from our Circuits Division in Toronto and illuminated cockpit products from our Aerospace business”, noted Brad Bourne President and CEO, Firan Technology Group Corporation. “This wide range of activity between the two companies is a clear demonstration of the depth of relationship between us.”

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