announces Firan Technology Group Corporation (“FTG”)

TORONTO, Oct. 31, 2022 (GLOBE NEWSWIRE) — Firan Technology Group Corporation (TSX:FTG) announced today that Amy Rice has joined FTG’s Board of Directors.

Ms. Rice is Chief Executive Officer of Sy-Klone International, a global leader and manufacturer of air filtration products for industrial machinery and military applications, both in the United States and internationally. Previously, Ms. Rice had extensive experience in the transportation sector. Ms. Rice, a resident of Jacksonville, Florida, brings over 20 years of business experience in strategy, operations, finance and marketing. Ms. Rice has a BBA from Emory University and an MBA from the University of Michigan.

“We are pleased to have Amy join the FTG Board of Directors,” said Ed Hanna, Chairman of FTG Corporation. He added, “Amy brings a fresh perspective to FTG which will be an asset as we focus on growth and capital deployment.”

ABOUT FIRAN TECHNOLOGY GROUP CORPORATION

FTG is a supplier of aerospace and defense electronics products and subsystems to customers around the world. FTG has two operating units:

FTG Circuits is a manufacturer of high-tech, high-reliability printed circuit boards. Our customers are leaders in the aerospace, defense and high technology industries. FTG Circuits has offices in Toronto, Ontario, Chatsworth, California, Fredericksburg, Virginia and a joint venture in Tianjin, China.

FTG Aerospace manufactures and repairs illuminated cockpit fairings, keypads and subassemblies for aerospace and defense OEMs. FTG Aerospace has offices in Toronto, Ontario, Chatsworth, California and Tianjin, China.

The company’s shares are traded on the Toronto Stock Exchange under the symbol FTG.

FORWARD LOOKING STATEMENTS

This press release contains certain forward-looking statements. These forward-looking statements relate to, among other things, FTG’s business, expected financial performance, business prospects and strategies. Forward-looking information typically contains words such as “anticipate,” “believe,” “expect,” “plan,” or similar words, which are indicative of future results. Such statements are based on the current expectations of the Company’s management and involve numerous known and unknown risks and uncertainties, including economic factors and the Company’s industry generally. The foregoing 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 the Company’s forward-looking statements. The reader is cautioned to consider these and other factors carefully when making decisions regarding the Company and not to place undue reliance on any forward-looking statements. Except as 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 fandrighttshe InfOrightmatIon please contact:

Bradley C. Bourne, President and CEO
Tel: (416) 299-4000×314
Firighta TechnOlOGy group CorporightatIon
[email protected]

Jamie Crichton, Vice President and CFO
Tel: (416) 299-4000×264
Firighta TechnOlOGy group CorporightatIon
[email protected]

For more information, visit the company’s website www.ftgcorp.com/

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