Firan Technology Group Corporation (“FTG”) Announces FTG
TORONTO, May 30, 2022 (GLOBE NEWSWIRE) — Firan Technology Group Corporation (TSX: FTG) today announced that IPC’s Validation Services Program has awarded requalification for IPC-1791, Trusted Electronics Fabricator Requirements Qualified Manufacturers Listing (QML) to FTG Circuits Fredericksburg, VA.
FTG is a global corporation offering design, development, prototypes and manufacturing solutions for aerospace and defense electronic products and subsystems.
Following initial audits by IPC, the FTG Fredericksburg facility passed stringent Type 2 fabricator requirements, helping to optimize product quality, reliability, and consistency across the entire manufacturing operations, earning a spot-on IPC’s global network of rigorously vetted, trusted sources. Requirements for requalification and QML listing to IPC-1791 includes product and quality system, supply chain risk management system (SCRM), security system including compliance to NIST SP 800-171, Export Control Laws (ITAR and EAR), and a chain of custody system (ChoC) review.
FTG Circuits is a manufacturer of high-technology, high-reliability printed circuit boards standard rigid products, high-density interconnect (HDI), RF circuitry, Thermal management, Rigid flex, and assembly. FTG produces boards utilizing traditional PCB manufacturing processes and a licensed Averatek’s A-SAP™ Semi-additive process.
“This IPC recognized qualification combined with the capabilities, scope and FTG’s commitment to being the trusted PCB supplier of choice for aviation, defense and space industry customers assures our continued relationship with IPC Validation Services and the Trusted Supplier Audit Program,” said Mr. Brad Bourne, President and CEO, FTG Corporation.
IPC’s Validation Services QML Program was developed to promote supply chain verification and recognition. It also provides auditing and qualification of electronics companies’ products and identifies processes which conform to IPC standards. The IPC-1791 QML verifies security systems and recognizes companies for either trusted electronic designer, fabricator, or assembler ensuring a high level of integrity. “IPC’s Validation Services Audit Programs uniquely provide technical and in-depth assessments of products and processes in accordance with IPC standards,” said Randy Cherry, IPC Director of Validation Services. “We are pleased to recognize FTG Fredericksburg, VA for continuing to be members of IPC’s network of trusted QML suppliers.”
For more information about IPC’s Validation Services QML Program, visit www.ipcvalidation.org or email email@example.com.
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, Fredericksburg, Virginia and a joint venture in Tianjin, China.
FTG Aerospace manufactures and repairs 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.
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”, “will”, “may” 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.
For further information please contact:
|Bradley C. Bourne, President and CEO||Tel: (416) 299-4000, ext. 314|
|Firan Technology Group Corporationfirstname.lastname@example.org|
|Jamie Crichton, Vice President and CFO||Tel: (416) 299-4000, ext. 264|
|Firan Technology Group Corporationemail@example.com|
Additional information can be found at the Corporation’s website www.ftgcorp.com