FTG Announces Hiring of Chris Woodland as VP and GM of FTG Aerospace, Toronto Division

Toronto, September 10, 2012 – Firan Technology Group Corporation (TSX:FTG) today announced the hiring of Chris Woodland as Vice President and General Manager of FTG Aerospace, Toronto Division.

In our continuing effort to build the best possible team, we are pleased to announce the hiring of Chris Woodland as Vice President and General Manager of FTG Aerospace, Toronto Division, effective September 6, 2012.

“We are very fortunate to have someone with Chris’ background and work experiences join our team”, stated Brad Bourne, President and Chief Executive Officer. He added, “Chris and I have worked together previously and I know his strong customer focus as well as his focus on results will fit well with our strategic vision towards achieving Operational Excellence”.

Chris has worked at the Robotics Division of MDA Space Missions (formerly Spar Aerospace) for approximately 30 years. His most recent position was a Vice President of Programs where he was responsible for managing major Canadian space programs such as the Canadarm for the Shuttle, Canadarm2 and Dextre for Space Station as well as related robotic programs for medical, nuclear, science and planetary exploration.

Chris will assume full responsibility for the performance of the Aerospace Division in Toronto.

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 and Chatsworth, California.

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.

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 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
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 Corporation’s website www.ftgcorp.com