FTG Expands Their Nadcap Accreditation
Toronto, August 2, 2011 – Firan Technology Group (TSX:FTG) today announced that FTG Circuits – Toronto was one of the first printed circuit board manufacturers to achieve Nadcap AC7119/3, the electronics high density interconnect printed circuit board accreditation. There are currently only two companies accredited to the AC7119/3 (HDI) requirements worldwide.
Nadcap approval to this standard is now a mandatory flow down requirement for many aerospace and military OEM’s. This accreditation demonstrates FTG’s superior level of process management and will allow FTG to capture new business in these industry sectors.
“Achieving Nadcap accreditation is not easy: it is one of the ways in which the aerospace industry identifies those who excel at manufacturing quality product through superior special processes. Companies such as FTG Circuits – Toronto work hard to obtain this status and they should be justifiably proud of it”, said Joe Pinto, Vice President and Chief Operating Officer at the Performance Review Institute. “PRI is proud to support continual improvement in the aerospace industry by helping companies such as FTG Circuits – Toronto be successful and we look forward to continuing to assist the industry moving forward”.
“FTG is committed to Operational Excellence across the company and the continuous improvement of our process controls is an important part of this effort”, stated Brad Bourne, President and Chief Executive Officer. He added, “The expanded Nadcap accreditation is especially important given FTG’s focus on the aerospace and defence market”.
Created in 1990 by SAE Inc., Nadcap is administered by the not-for-profit Performance Review Institute. PRI exists to advance the interests of the mobility and related industries through development of performance standards and administration of quality assurance, accreditation, and certification programs as well as related activities for the benefit of industry, government and the general public. PRI works closely with industry to understand their emerging needs and offers customized solutions in response. Learn more at www.pri-network.org or contact PRI at PRINadcap@sae.org.
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 and Chatsworth, California.
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 and is opening a facility in Tianjin, China in 2011.
The Corporation'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 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.
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 Corporation’s website www.ftgcorp.com