Firan Technology Group Corporation (FTG) Receives Most Improved Supplier Award At General Dynamics
Toronto, March 10, 2008 – Firan Technology Group Corporation (TSX:FTG) today announced that its FTG Circuits-Toronto business has won the award for most improved supplier at the recent General Dynamics Canada supplier conference held in Ottawa. This award recognizes FTG’s significant progress in meeting the high standards set by General Dynamics Canada for its total supply base. To win the award, FTG worked diligently to provide a wide range of printed circuit boards on-time with excellent quality. Also, through the year, FTG worked proactively to achieve additional qualifications to address the company’s highest technology needs.
“We are very pleased to receive this prestigious award from General Dynamics Canada, one of our key customers”, stated Brad Bourne, President and CEO, FTG Corporation. He added, “FTG’s strategy over the past few years has been a relentless focus on Operational Excellence. This includes daily attention to quality, delivery, service and technology. It’s great to see our efforts are being recognized by our customers.”
General Dynamics Canada uses a performance measurement scorecard to rate all of its supplier’s performances. Being chosen as the Most Improved Supplier demonstrates FTG’s commitment to achieve quality and excellence and to furthering its performance accomplishments with continual improvement opportunities, performance benchmarking and two way continuous learning.
ABOUT FIRAN TECHNOLOGY GROUP CORPORATION
FTG is an aerospace and defense 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, 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 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 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 Company and inherently involve numerous risks and uncertainties, known and unknown, including economic factors and the Company’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 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. 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
Firan Technology Group Corporation
Tel: (416) 299-4000 x 314
Joseph R. Ricci,
Vice President and CFO
Firan Technology Group Corporation
Tel:(416) 299-4000 x 309