FIRAN TECHNOLOGY GROUP CORPORATION (“FTG”) ANNOUNCES APPOINTMENT OF AMY RICE TO THE BOARD OF DIRECTORS

TORONTO, ONTARIO – (October 31, 2022) – Firan Technology Group Corporation (TSX:FTG) announced today that Amy Rice has joined FTG’s Board of Directors.

Ms. Rice is Chief Executive Officer of Sy-Klone International, a global leader and manufacturer of air filtration products for industrial machinery and military applications, both in the United States and internationally. Prior to this, Ms. Rice had extensive experience in the Transportation Sector. Ms. Rice, a resident of Jacksonville, Florida, brings over 20 years of business experience bridging strategy, operations, finance and marketing. Ms. Rice has a BBA from Emory University and an MBA from the University of Michigan.

“We are pleased to have Amy join the FTG Board,” stated Ed Hanna, Chairman of FTG Corporation. He added, “Amy brings a fresh perspective to FTG, which will be an asset as we focus on growth and capital deployment.”

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 operates in Toronto, Ontario; Chatsworth, California; Fredericksburg, Virginia; and a joint venture in Tianjin, China.

FTG Aerospace manufactures and repairs 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 x 314
Firan Technology Group Corporation
bradbourne@ftgcorp.com

James Crichton, Vice President and CFO
Tel: (416) 299-4000 x 264
Firan Technology Group Corporation
jamiecrichton@ftgcorp.com

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