TORONTO, Oct. 24, 2022 (GLOBE NEWSWIRE) — Firan Technology Group Corporation FTG is pleased to announce that a new contract has been negotiated and ratified with its represented employees at its Circuits – Toronto facility.

The contract runs for four years. The contract recognizes the strong recovery at this site following the COVID-19 pandemic, everyone’s commitment to continuous improvement, and the external environment affecting the company and its employees.

“I believe the contract is well balanced with improved wages and employee benefits that are a direct result of everyone’s commitment to improving productivity through an ongoing focus on operational excellence,” said Brad Bourne, President and CEO of FTG Corporation. He added, “We see strong demand at this site in 2022 and can now focus on ramping up production to meet our customers’ needs.”

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, anticipated financial performance, business prospects and strategies….