Firan Technology Group Announces Supply Agreement With Rockwell Collins
Firan Technology Group ('FTG’) Circuits, a division of Circuit World Corporation announced today that it has signed a two-year enterprise sourcing agreement with Rockwell Collins (NYSE: COL). The agreement has an approximate value of $US6.25M, an increase of 60% over the previous supply agreement.
FTG Circuits has been a supplier to Rockwell Collins for over 20 years. Both companies have recently committed over 5,000 man-hours to a Lean Manufacturing initiative with the objective of improving operational performance.
“Avionics is a primary industry segment for our business today and in the future. Rockwell Collins is a very important customer within this industry segment. This agreement, as well as others, has made FTG a leading provider of printed circuit solutions to the avionics industry in North America”, said Brad Bourne, President and CEO of Circuit World Corporation.
“We are grateful for the relationship we have shared with Rockwell Collins over the years. FTG currently manufactures over 600 part numbers on a wide variety of materials and technologies. Given our enhanced technology offerings, we see even more opportunity in the future to meet our customer’s needs” added Greg Smith, Vice President of Sales of FTG Circuits.
FTG Circuits is a manufacturer of complex, high reliability military specification and specialty printed circuit boards. The company provides product to the Avionics, Military, Telecom, Medical and Advanced Test industries. Our commitment is to be our customers “Partner in Performance” in the design and manufacture of quick turn prototypes through medium volume production.
FTG Circuits is a division of Circuit World Corporation, and is traded on the Toronto Stock Exchange (TSX: CCW).
This news release contains certain forward-looking statements that reflect the current views and/or expectations of Circuit World with respect to its performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary significantly.
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