Firan Technology Group Corporation

TSX : FTG


Firan Technology Group Corporation

February 27, 2013 17:05 ET

Firan Technology Group Corporation Announces That Its Fifth Facility, FTG Aerospace-Chatsworth, Has Achieved the AS9100C Quality Certification

TORONTO, ONTARIO--(Marketwire - Feb. 27, 2013) - FTG Aerospace - Chatsworth, a subsidiary of Firan Technology Group Corporation (TSX:FTG), announced today that it has successfully implemented its quality system and achieved certification to the ISO9001; 2008 / AS9100 Revision C standard on February 14, 2013.

FTG Aerospace - Chatsworth is the fifth FTG manufacturing facility to achieve AS9100 Revision C certification. This demonstrates FTG's commitment to investing in our quality management systems to ensure we provide the highest possible quality products to our customers. This new facility of FTG, which will hold its Grand Opening on February 28, 2013, has been established to provide a US-based operation focused on Illuminated Cockpit Products and Rigid Flex Circuit Card value add assembly.

"FTG is committed to Operational Excellence across the Corporation and the continuous improvement of our process controls and quality systems are an important part of these efforts," stated Brad Bourne, President and Chief Executive Officer of FTG. "The AS9100C certification is especially important given FTG's focus on the aerospace and defense market."

About AS9100

AS9100 is a widely adopted and standardized quality management system for the aerospace industry. It was initially released in 1999 by the society of automotive engineers and the European association of aerospace industries. AS9100 incorporates the entirety of ISO 9000, while adding additional requirements relating to quality, risk and safety. Major aerospace manufacturers and suppliers world-wide require registration as a condition of doing business with them.

More information on AS9100 can be found at www.sae.org.

About Firan Technology Group Corporation

FTG is an aerospace and defense electronics product and subsystem supplier to customers around the globe. 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 aerospace and defense equipment. FTG Aerospace has operations in Toronto, Ontario, Chatsworth, California and Tianjin, China.

The Corporation'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 Corporation and inherently involve numerous risks and uncertainties, known and unknown, including economic factors and the Corporation'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 Corporation. The reader is cautioned to consider these and other factors carefully when making decisions with respect to the Corporation 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.

Additional information can be found at the Corporation's website www.ftgcorp.com.

Contact Information