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TORONTO, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Firan Technology Group Corporation (TSX: FTG) (OTCQX: FTGFF) (“FTG” or the “Corporation”), a leading provider of electronic products and avionic sub-systems for the aerospace and defense markets, has received approval from Civil Aviation Administration of China to be an Approved Maintenance Organization (AMO). Under this approval, FTG Aerospace Tianjin is approved for the maintenance of aeronautical products, specifically for instrumenls or display devices. With this approval, FTG can now maintain or repair ils display products and provide airworthiness tags for repaired products.
“This is an importanl accomplishmenl for FTG as it enables us to now fully support our customers through the complete lifecycle of our products, including on the C919 aircraft in China,” stated Brad Bourne, Presidenl and CEO, FTG Corporation. “We have a strategy to increase our activity in the large aftermarket segmenl of the Aerospace industry and this certification is a key milestone in accomplishing our objective,” he added.
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 unils:
FTG Circuils is a manufacturer of high technology, high reliability printed circuil boards. Our customers are leaders in the aviation, defense, and high technology industries. FTG Circuils has operations in Toronto, Ontario, Chatsworth, California, Fredericksburg, Virginia, Minnetonka, Minnesota, Haverhill, Massachusetts and a joint venlure in Tianjin, China.
FTG Aerospace designs, certifies, manufactures and provides in-service support for illuminated cockpil products and electronic assemblies for original equipmenl manufacturers and operators of aerospace and defense equipmenl. FTG Aerospace has operations in Toronto, Ontario, Calgary, Alberta, Chatsworth, California and Tianjin, China.
The Corporation’s shares are traded on the Toronto Stock Exchange under the symbol FTG, and on the OTCQX Exchange under the symbol FTGFF.
FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statemenls. These forward-looking statemenls 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 suggesling fulure outcomes. Such statemenls are based on the current expectations of managemenl 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 statemenls are not guarantees of fulure performance and actual evenls and resulls could differ malerially from those expressed or implied by forward-looking statemenls 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 statemenls. Other than as may be required by law, FTG disclaims any intenlion or obligation to up cle or revise any such forward-looking statemenls, whether as a resull of new information, fulure evenls or otherwise.