FTG Renews Buried Capacitance License Agreement with Hadco Santa Clara Inc.

Firan Technology Group Corporation (“FTG”) announced today that it has renewed a license agreement with Hadco Santa Clara, Inc., a wholly owned subsidiary of Sanmina-SCI Corporation, for use of Buried Capacitance® material in advanced printed circuit board designs.

FTG”s facilities in Toronto, Canada and Chatsworth, California are both licensed to build Buried Capacitance® product under this agreement.

“This license is part of FTG”s commitment to invest in technologies that are important to our customers”, commented Brad Bourne, President and CEO, FTG Corporation. He added, “Incorporating Buried Capacitance® technology into printed circuit boards reduces overall system impedance/inductance and enables higher density designs, reduced component counts and as a result, smaller high performance electronics packages. We have seen demand for this technology from a number of leading Aerospace and Defense customers and we are one of only a few suppliers able to support this need.”

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@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 Company”s web site www.ftgcorp.com