Firan Technology Group Corporation (“FTG”) Announces Appointment of Robert Beutel to Board of Directors

Firan Technology Group Company

TORONTO, March 01, 2022 (GLOBE NEWSWIRE) — Firan Technology Group Corporation (TSX:FTG) today announced that Robert Beutel has joined the FTG Board of Directors.

Mr. Beutel previously served on the board of directors of FTG from 2011 to 2020. In addition, Mr. Beutel has been a senior executive of Oakwest, an investment and management holding company, since 1987. Mr. Beutel is a director of several private companies.

“We are delighted to have Robert return to the FTG Board of Directors,” said Brad Bourne, President and CEO of FTG Corporation. He added: “Robert is an experienced executive and his guidance and counsel will ensure our continued success.”

ABOUT FIRAN TECHNOLOGY GROUP CORPORATION

FTG is a supplier of aerospace and defense electronic products and subsystems to customers worldwide. FTG has two business 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 sectors. FTG Circuits has operations in Toronto, Ontario, Chatsworth, California, Fredericksburg, Virginia and a joint venture in Tianjin, China.

FTG Aerospace manufactures and services illuminated cockpit panels, keypads and sub-assemblies for aerospace and defense OEMs. FTG Aerospace has operations 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, but are not limited to, FTG’s operations, expected financial performance, business prospects and strategies. Forward-looking information generally contains words such as “anticipate”, “believe”, “expect”, “plan” or similar words suggesting future results. These statements are based on the current expectations of the Company’s management and inherently involve numerous risks and uncertainties, known and unknown, including economic factors and the Company’s industry generally. The preceding list is not exhaustive of all possible factors. These forward-looking statements are not guarantees of future performance and actual events and results could differ materially from those expressed or implied by the forward-looking statements made by the Company. Readers are cautioned to carefully consider these and other factors when making decisions about the Company and not to place undue reliance on any forward-looking statements. Except as required by law, FTG disclaims any intention or obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

FWhere Fyouryouhis InotFohrmayouIto pIchsand sonotyouavsyou:

Bradley C. Bourne, President and CEO
Tel: (416) 299-4000 ext. 314
Ifra JechnohIohgy Group VSorporayouIto
[email protected]

Jamie Crichton, Vice President and Chief Financial Officer
Tel: (416) 299-4000 ext. 264
Ifra JechnohIohgy Group VSorporayouIto
[email protected]

Additional information can be found on the Company’s website www.ftgvsohrpcohm

Luisa D. Fuller