FTG Successfully Completes Rockwell Collins Audit of FTG Printronics Circuit Ltd.
Toronto - October 13, 2015 – Firan Technology Group (TSX:FTG) has announced it has successfully completed a Rockwell Collins audit of their joint venture, FTG Printronics Circuits Ltd., located in Tianjin China. Having passed all required qualification levels of the audit, FTG Printronics has become a qualified supplier of PWB’s to Rockwell Collins.
FTG Printronics is now positioned to offer Rockwell Collins additional sourcing solutions providing increased options to aid in long-term success of both legacy and new program opportunities.
“FTG remains committed to building global solutions for our customers ensuring supply chain objectives are being met”, noted Brad Bourne, President and CEO, FTG Corporation. He added, “FTG Printronics is positioned to offer our customers great value by combining FTG’s technical strengths with a lower cost region solution.”
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, Chatsworth, California and a joint venture in Tianjin, China.
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, Chatsworth, California and Tianjin, China.
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 x314
Firan Technology Group Corporation firstname.lastname@example.org
Joseph R. Ricci, Vice President and CFO
Tel:(416) 299-4000 x309
Firan Technology Group Corporation email@example.com
Additional information can be found at the Corporation’s website www.ftgcorp.com