\n
TORONTO, ONTARIO (January 22, 2025) \u2013 Firan Technology Group Corporation (TSX: FTG) (OTCQX: FTGFF) (\u201cFTG\u201d) today announced that De Havilland Aircraft of Canada Ltd. has selected FTG to provide updated cockpit control assemblies for the new De Havilland Canadair 515 (DHC-515) aerial firefighting aircraft.<\/p>\n
Deliveries will commence in 2025 and will support De Havilland Canada\u2019s program to produce the DHC-515 aircraft.<\/p>\n
The design, development, and production of these critical assemblies will be conducted at FTG\u2019s Aerospace Toronto facility.<\/p>\n
\u201cWe are incredibly proud to be selected by De Havilland Canada for this important program,\u201d said Peter Dimopoulos, Vice President, Business Development at FTG. \u201cThis contract highlights FTG\u2019s ability to provide high-quality, Canadian-made components for a critical Canadian-built aircraft. We are thrilled to contribute to this important project and support the growth of the aerospace industry in Canada.\u201d<\/p>\n
The DHC-515 is a next-generation amphibious aircraft designed specifically for aerial firefighting operations. FTG\u2019s control panel assemblies (CPA) play a crucial role as they provide the interface for pilots to control various aspects of flight.<\/p>\n
ABOUT FIRAN TECHNOLOGY GROUP CORPORATION<\/p>\n
FTG is an aerospace and defense electronics product and subsystem supplier to customers around the globe. FTG has two operating units:<\/p>\n
FTG Circuits manufactures high-tech, high-reliability printed circuit boards. Our customers are leaders in the aviation, defense, and high-tech industries. FTG Circuits has operations in Toronto, Ontario, Chatsworth, California, Fredericksburg, Virginia, Minnetonka, Minnesota, Haverhill, Massachusetts, and a joint venture in Tianjin, China.<\/p>\n
FTG Aerospace designs, certifies, manufactures and provides in-service support for illuminated cockpit products and electronic assemblies for original equipment manufacturers and operators of aerospace and defense equipment. FTG Aerospace has operations in Toronto, Ontario, Calgary, Alberta, Chatsworth, California and Tianjin, China.<\/p>\n
The Corporation\u2019s shares are traded on the Toronto Stock Exchange under the symbol FTG, and on the OTCQX Exchange under the symbol FTGFF.<\/p>\n
FORWARD-LOOKING STATEMENTS<\/p>\n
This news release contains certain forward-looking statements. These forward-looking statements are related to, but not limited to, expectations regarding the potential benefits and synergies of the Transaction for FTG, delisting of the FLYHT Shares from the TSX Venture Exchange and FTG\u2019s intention to cause FLYHT to cease to be a reporting issuer. Forward-looking information typically contains words such as \u201canticipate\u201d, \u201cbelieve\u201d, \u201cexpect\u201d, \u201cplan\u201d 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\u2019s 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\u00a0as 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.<\/p>\n
For further information please contact:<\/strong><\/p>\nBradley C. Bourne, President and CEO
Firan Technology Group Corporation
Tel: (416) 299-4000 x314
bradbourne@ftgcorp.com<\/p>\n
Jamie Crichton, Vice President and CFO
Firan Technology Group Corporation
Tel: (416) 299-4000 x264
jamiecrichton@ftgcorp.com<\/p>\n
Additional information can be found at the Corporation\u2019s website www.ftgcorp.com<\/p>\n<\/p><\/div>\n\n","protected":false},"excerpt":{"rendered":"
TORONTO, ONTARIO (January 22, 2025) \u2013 Firan Technology Group Corporation (TSX: FTG) (OTCQX: FTGFF) (\u201cFTG\u201d) today announced that De Havilland Aircraft of Canada Ltd. has selected FTG to provide updated cockpit control assemblies for the new De Havilland Canadair 515 (DHC-515) aerial firefighting aircraft. Deliveries will commence in 2025 and will support De Havilland Canada\u2019s […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12024],"tags":[12950,24732,5784,27143,14580,13617,25143,17195,27142,20255,2908],"dealstore":[],"offerexpiration":[],"class_list":["post-44024","post","type-post","status-publish","format-standard","hentry","category-aerospace","tag-aircraft","tag-assemblies","tag-canada","tag-canadair","tag-cockpit","tag-corporation","tag-firefighting","tag-ftg","tag-havilland","tag-selected","tag-supply"],"yoast_head":"\n
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