Firan Technology Group (FTG) Announces Appointment of Collin Latchman to the BOD of the OAC

Toronto – May 29, 2008 – Firan Technology Group Corporation (“FTG”) is pleased to announce that Mr. Collin Latchman, Vice President and General Manager of FTG Aerospace, has accepted an invitation from the Ontario Aerospace Council (OAC) through their Executive Director, Mr. Rod Jones, to join the Board as a Director in the category of €˜Aircraft & Space Systems & Equipment’ for a two year term.

“The long-standing involvement of FTG with the OAC as an active participant in many OAC events and initiatives has been well recognized and much appreciated, and it’s now a great pleasure to invite Collin to take an active leadership role in the Ontario Aerospace Industry. His nomination has been endorsed with enthusiasm by the OAC Directors,” stated Mr. Rod Jones, Executive Director of the OAC.

“This is a great opportunity for me to exercise and share the knowledge gained over the last 20 years in the Aircraft and Aerospace Sector and to join such a distinguished group in policy making and strategies representing world class companies. I would like to extend my deep appreciation and sincere thanks to the Board of the OAC for extending this invitation,” stated Mr. Latchman.

“Collin has been a valuable asset to FTG for many years and has provided strong leadership to our FTG Aerospace business resulting in strong revenue growth and sustained profitability. I am confident he will provide valuable insights to the Ontario aerospace industry as a Board member of the OAC,” stated Mr. Bradley C. Bourne, President and CEO of FTG.

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