Firan Technology Group Corporation (“FTG”) Announces FTG Circuits Fredericksburg Requalifies for IPC-1791 Qualified Manufacturer List (QML)

Firan Technology Group Company

TORONTO, May 30, 2022 (GLOBE NEWSWIRE) — Firan Technology Group Corporation (TSX:FTG) today announced that IPC’s Validation Services Program has granted requalification for IPC-1791, Trusted Electronics Fabricator Requirements Qualified Manufacturers Listing (QML) at FTG Circuits Fredericksburg, VA.

FTG is a global company providing design, development, prototyping and manufacturing solutions for aerospace and defense electronic products and subsystems.

Following initial IPC audits, FTG’s Fredericksburg facility has met stringent Type 2 manufacturer requirements, helping to optimize product quality, reliability and consistency across manufacturing operations, which has earned it a prominent place in IPC’s global network of rigorously vetted trusted sources. Requirements for requalification and QML listing according to IPC-1791 include product and quality system, supply chain risk management system (SCRM), security system including NIST SP compliance 800-171, export control laws (ITAR and EAR) and a Chain of Custody System Review (ChoC).

FTG Circuits is a standard rigid product manufacturer of high technology and high reliability printed circuit boards, high density interconnect (HDI), RF circuitry, thermal management, rigid flex and assembly. FTG produces boards using traditional PCB fabrication processes and an A-SAP™ semi-additive process under license from Averatek.

“This IPC-recognized qualification, combined with FTG’s capabilities, reach and commitment to being the trusted PCB supplier of choice for customers in the aviation, defense and space, ensures our ongoing relationship with IPC Validation Services and the Trusted Supplier Audit Program,” said Brad. Bourne, President and CEO, FTG Corporation.

The IPC Validation Services QML program was developed to promote supply chain verification and recognition. It also ensures the audit and qualification of electronics companies’ products and identifies processes that comply with IPC standards. The IPC-1791 QML verifies security systems and recognizes companies as a trusted electronic designer, manufacturer, or assembler ensuring a high level of integrity. “IPC’s Validation Services audit programs uniquely provide in-depth, technical assessments of products and processes in accordance with IPC standards,” said Randy Cherry, director of IPC’s Validation Services. “We are pleased to recognize FTG Fredericksburg, VA for continuing to be a member of IPC’s network of trusted QML vendors.”
For more information about the IPC Validation Services QML program, visit www.ipcvalidation.org or email [email protected]

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”, “will”, “may” 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 InotFohrmayouIon pIchsand sonotyouavsyou:

Bradley C. Bourne, President and CEO

Such. : (416) 299-4000, extension 314

Ifra JechnohIohgy Group VSorporayouIon

bradbohyournote@ftgcorp.com

Jamie Crichton, Vice President and Chief Financial Officer

Such. : (416) 299-4000, extension 264

Ifra JechnohIohgy Group VSorporayouIon

[email protected]

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

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