Firan Technology Group Corporation (FTG) Signs US $4 Million Agreement with ACSS

Firan Technology Group Corporation announced today that it has signed a Long Term Agreement with ACSS, based in Phoenix, Arizona, for the supply of complex, high reliability printed circuit boards.

This agreement incorporates effectively all of the printed circuit board part numbers that ACSS purchases and is estimated to be worth US $4 million over the 3 year term of the agreement.

FTG will supply the product from its circuit board manufacturing facilities in Toronto, Canada or Chatsworth, California. FTG has been the primary supplier of boards to ACSS since their inception. The product to be supplied is a wide variety of printed circuit boards built with some of the most advanced materials for RF programs incorporating many complex features. FTG Circuits considers ACSS to be a strategic partner.

“FTG has been able to increase sales and the number of part numbers in this agreement. It effectively makes us the sole printed circuit supplier to the account” stated Bob Fouts, Director of Business Development for the US South West Region of FTG Corporation, “and we look forward to future success with ACSS and their assembly partners”.

“FTG Circuits has invested incredible efforts over the past few years to build one of North America”s leading suppliers of printed circuit boards to the Aerospace and Defence market. We are excited about this commitment from ACSS as it continues to leverage the core competencies in our Printed Circuit Board business”, added Bob Clarke, Vice President of Marketing & Sales, FTG Corporation.

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. 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.

For further information please contact:

Bradley C. Bourne,
President and CEO
Tel: (416) 299-4000 x314
Firan Technology Group Corporation
bradbourne@ftgcorp.com

Joseph R. Ricci,
Vice President and CFO
Tel:(416) 299-4000 x309
Firan Technology Group Corporation
joericci@ftgcorp.com

Additional information can be found at the Company”s web site www.ftgcorp.com