Firan Technology Group Corporation (FTG) Signs a Three-Year Agreement With Honeywell

Toronto, June 3, 2008 – Firan Technology Group Corporation announced today that its Circuits Division in Chatsworth, CA has finalized an agreement with Honeywell Aerospace for the supply of complex, high reliability printed circuits.

The agreement incorporates over 200 part numbers and is estimated to be worth $12 million USD over 3 years. The technologies included in the agreement are high layer count, heat sink and rigid flex circuit boards on a range of laminate types.

“FTG 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 market and we are excited about this commitment from Honeywell. Honeywell has been a key customer to us for many years and we look forward to building on this strong relationship towards further mutual success for both companies”, added Brad Bourne, President and CEO, FTG Corporation.

FTG also provides Honeywell printed circuit boards from its FTG Circuits – Toronto facility and illuminated cockpit products from its FTG Aerospace business.

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.

FORWARD-LOOKING STATEMENTS

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
Tel: (416) 299-4000 x 314
Firan Technology Group Corporation
bradbourne@ftgcorp.com

Joseph R. Ricci,
Vice President and CFO
Tel:(416) 299-4000 x 309
Firan Technology Group Corporation
joericci@ftgcorp.com

Additional information can be found at the Company’s website www.ftgcorp.com