Firan Technology Group Corporation
TSX : FTG

Firan Technology Group Corporation

November 18, 2015 17:05 ET

Firan Technology Group Corporation (FTG) Announces Its Partner in China Has Achieved Nadcap Accreditation for Electronics

TORONTO, ONTARIO--(Marketwired - Nov. 18, 2015) - FTG (TSX:FTG) announced today that Tianjin Printronics Circuit ("TPC") has achieved Nadcap accreditation at its printed circuit board manufacturing facility located in Tianjin China. FTG and TPC entered a joint venture, FTG Printronics Circuit, in 2013 to offer printed circuit boards from China to Aerospace customers around the world and the Nadcap accreditation is a critical requirement from many of these customers. The accreditation is under the categories AC7119, AC7119 /1 and AC7119/3 Electronics: printed circuit boards. It is now one of only five printed circuit board manufacturers in China that have this Nadcap accreditation, and one of only three of these have been accredited to the supplementary AC7119/3 High Density Interconnect (HDI) printed circuit board / IPC 6012 class 3 requirements.

TPC received Nadcap accreditation for demonstrating their ongoing commitment to quality by satisfying customer requirements and industry specifications.

"Achieving Nadcap accreditation is not easy: it is one of the ways in which the aerospace industry identifies those who excel at manufacturing quality product through superior special processes. Companies work hard to obtain this status and they should be justifiably proud of it" said Joe Pinto, Executive Vice President and Chief Operating Officer at the Performance Review Institute. "PRI is proud to support continual improvement in the aerospace industry by helping companies be successful and we look forward to continuing to assist the industry moving forward."

"We are proud of our focus on quality at FTG. As part of our Operational Excellence strategy, we strive for world-class quality systems and process controls. The Nadcap accreditation both demonstrates our achievements and is part of our path towards continuous improvement looking forward," stated Brad Bourne, President and CEO, FTG Corporation.

ABOUT NADCAP

Created in 1990 by SAE Inc., Nadcap is administered by the not-for-profit Performance Review Institute. PRI is a global provider of customer-focused solutions designed to improve process and product quality by adding value, reducing total cost and promoting collaboration among stakeholders in industries where safety and quality are shared goals. PRI works closely with industry to understand their emerging needs and offers customized solutions in response.

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.

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