Mr. Brad Bourne reports

FTG AEROSPACE –- TORONTO HOURLY EMPLOYEES BEGIN STRIKE ACTION

Firan Technology Group Corp.'s hourly employees at FTG Aerospace -- Toronto, represented by Local 303 of Unifor Canada, began a strike as of 12 a.m. ET today, following the rejection of a tentative agreement reached earlier between the corporation and the hourly employees' representatives. The previous contract between the corporation and the hourly employees of FTG Aerospace -- Toronto expired in August, 2023. There are approximately 67 hourly employees impacted by this strike, out of Firan's total headcount of 690 employees. No other sites are impacted by this action.

"FTG will act in the best interests of its customers, shareholders, employees and other stakeholders to mitigate the impact of this strike and return to normal operations as quickly as possible," stated Brad Bourne, president and chief executive officer, Firan Technology Group.

About Firan Technology Group Corp.

Firan Technology Group is an aerospace and defence electronics product and subsystem supplier to customers around the globe. Firan Technology Group has two operating units:

• FTG Circuits is a manufacturer of high-technology, high-reliability printed circuit boards. FTG Circuits' customers are leaders in the aviation, defence and high-technology industries. FTG Circuits has operations in Toronto, Ont., Chatsworth, Calif., Fredericksburg, Va., Minnetonka, Minn., and Haverhill, Mass., and a joint venture in Tianjin, China.
• FTG Aerospace manufactures and repairs illuminated cockpit panels, keyboards and subassemblies for original equipment manufacturers of aerospace and defence equipment. FTG Aerospace has operations in Toronto, Ont., Chatsworth, Calif., and Tianjin, China.

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