Firan Technology Group Corporation (FTG) Announces An Organizational Change

TORONTO, Sept. 09, 2019 (GLOBE NEWSWIRE) -- Firan Technology Group Corporation (TSX: FTG) today announced the hiring of Jamie Crichton as Vice President and Chief Financial Officer.  Jamie has extensive experience in senior finance roles within the Aerospace and Defense sector including roles with Spar Aerospace Limited, Raytheon Company and most recently serving as VP Finance of Nanowave Technologies Inc.

"I wish Melinda Diebel much success in her future endeavours.  Her contributions at FTG have made the company stronger”, stated Brad Bourne, President and CEO, FTG Corporation.  He added, "I look forward to working with Jamie and to continue to build FTG towards the next level of success."

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, Fredericksburg, Virginia, 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, Fort Worth, Texas 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.

For further information please contact:       

Bradley C. Bourne, President and CEO                                                                      
Firan Technology Group Corporation
Tel: (416) 299-4000 x 314
[email protected]

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