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Marketwire  08/11/2014 5:05 PM ET
Firan Technology Group (FTG) Reaches Agreement With Represented Employees For a New Four Year Contract

TORONTO, ONTARIO -- (Marketwired) -- 08/11/14 -- Firan Technology Group Corporation (TSX: FTG) is pleased to announce that a new contract with its represented employees at its Circuits - Toronto facility has been negotiated and ratified.

The contract is for four years and expires in July 2018. The contract recognizes the recent strong performance at that site and the commitment to continuous improvement by everyone.

"I believe the contract is well balanced with improved wages and benefits for the employees that are the direct result of a commitment from everyone to improve productivity through a focus on operational excellence", stated Brad Bourne, President and CEO, FTG Corporation.

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.

Contacts: Firan Technology Group Corporation Bradley C. Bourne President and CEO (416) 299-4000 x 314 bradbourne@ftgcorp.com Firan Technology Group Corporation Joseph R. Ricci Vice President and CFO (416) 299-4000 x 309 joericci@ftgcorp.com www.ftgcorp.com

Source: Firan Technology Group Corporation

 

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