Mr. Bradley Bourne reports
FIRAN TECHNOLOGY GROUP CORPORATION ("FTG") ANNOUNCES $15 MILLION CAD CONTRACT AWARD FROM A CANADIAN CUSTOMER
Firan Technology Group Corp.'s FTG Circuits Toronto business has received a significant new award from a leading Canadian-based technology company valued over $15-million.
Firan's circuit boards will be part of an anti-jamming system for navigation, positioning and timing operations. The award is expected to be delivered over the next nine months.
The award supports Firan's strategy of increasing Canadian and international business at its non-U.S. facilities, while further diversifying the corporation's customer base and geographic revenue mix. This strategy is intended to reduce potential exposure associated with evolving U.S. tariff and trade policies.
"This is an important award for FTG and our Circuits Toronto facility. We have been focused on growing Canadian and international business at our non-U.S. facilities as we continue to diversify our customer base and mitigate potential tariff and trade risks. This award demonstrates the competitiveness and capability of our Toronto operation, as well as our ability to respond quickly to changing customer production requirements," said Brad Bourne, president and chief executive officer of Firan.
About Firan Technology Group Corp.
Firan is an aerospace and defence electronics product and subsystem supplier to customers around the globe. Firan has two operating units:
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FTG Circuits is a manufacturer of high-technology, high-reliability printed circuit boards. Its customers are leaders in the aviation and defence industries. FTG Circuits has operations in Toronto, Ont., Chatsworth, Calif., Fredericksburg, Va., Minnetonka, Minn., and Haverhill, Mass., and a joint venture in Tianjin, China.
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FTG Aerospace designs, certifies, manufactures and provides in-service support for illuminated cockpit products, electronic assemblies and avionics products for original equipment manufacturers and operators of aerospace and defence equipment. FTG Aerospace has operations in Toronto, Ont., Calgary, Alta., Chatsworth, Calif., Tianjin, China, and Hyderabad, India.
The corporation's shares are traded on the Toronto Stock Exchange under the symbol FTG and on the OTCQX exchange under the symbol FTGFF.
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