Firan Technology Group Corporation (FTG) Completes 3 Year Collective Agreement for Represented Staff

Toronto – May 29, 2006 – FTG announced today that it has reached a three-year collective agreement with the CAW – Canada, covering all employees represented by the CAW at FTG Circuits – Toronto, the only site within FTG that has represented employees. The agreement was ratified by an overwhelming majority of the membership on May 27, 2006.

The agreement provides a competitive wage structure for the Printed Circuit Board industry and recognizes the high skill level and commitment of our employees to the success of the Company. In addition, the agreement provides opportunities for skills growth for all employees through cross training opportunities and provides increased flexibility for the Company as a result.

“I am pleased with the settlement and I believe that it is fair for both the Company and our employees”, stated Brad Bourne, President and CEO, FTG Corporation. He added, “FTG and the CAW have worked hard over the past few years to build a constructive relationship and the successful negotiation of this new agreement is the result of those efforts. FTG is committed to maintaining this kind of relationship on a go-forward basis”.

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@firantechnology.com

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

Updates can be found at the Company”s web site www.firantechnology.com