Firan Technology Group Corporation (FTG) Announces Its FTG Circuits - Chatsworth Facility Has Qualified Under The MIL-PRF-31032 Military Certificaton

TORONTO, ONTARIO--(Marketwired - Feb. 24, 2016) - Firan Technology Group Corporation (TSX:FTG) announced today that its FTG Circuits - Chatsworth California facility (incorporated as FTG Circuits Inc.) has been qualified to the Department of Defense performance specification MIL-PRF-31032/3 (Flexible printed wiring boards) and MIL-PRF-31032/4 (Flex-rigid printed wiring boards). MIL-PRF-31032 qualification also allows FTG Circuits - Chatsworth to continue to manufacture and certify products to MIL-PRF-50884.

Qualification to these specifications results in FTG Circuits - Chatsworth being listed on the DLA Qualified Manufacturing List (QML) that is used by existing and potential customers to select qualified suppliers of these product types.

The rigorous qualification process included DLA on-site audits, qualification of our testing laboratories, documentation audits, the manufacture of qualification test vehicles and environmental / reliability product testing.

The qualified technical scope allows FTG Circuits - Chatsworth to manufacture and certify high technology (HDI) flex and flex rigid printed wiring boards that contain up to 35 layers, includes micro vias and a variety of surface finishes and other technical attributes. This advanced technical scope positions the site as one of the top two technically qualified flex / rigid flex manufacturers in the world.

"MIL-PRF-31032 qualification is a very important milestone as it not only allows us to capture defense programs; it also demonstrates that FTG Circuits - Chatsworth is committed to continuous improvements in quality and reliability to meet the expectations of FTG's Defense and Aerospace focused customer base," said Michael Labrador, President of FTG Circuits Inc.

"FTG is committed to Operational Excellence across the Corporation and the continuous improvement of our process controls, reliability and quality systems are an important part of these efforts," stated Brad Bourne, President and Chief Executive Officer of FTG Corporation.

More information on the DLA and the MIL - PRF 31032 QML program can be found at:

http://www.landandmaritime.dla.mil/programs/qmlqpl/

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, Chatsworth, California and a joint venture in Tianjin, China.
  
  
• 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