FTG Circuits – Chatsworth Expands Nadcap Accreditation & Successfully Achieves AS9100 Rev C Certific


FTG Circuits – Chatsworth Expands Nadcap Accreditation & Successfully Achieves AS9100 Rev C Certific

Toronto, June 18, 2012 – FTG Circuits – Chatsworth, a subsidiary of Firan Technology Group Corporation (FTG), announced today that they have expanded their Nadcap accreditation. FTG Circuits – Chatsworth joins FTG Circuits – Toronto as two of only a handful of PCB manufacturers to achieve Nadcap AC7119/3, the Electronics PCB HDI accreditation.

Nadcap approval to this standard is now a mandatory flow down requirement for many aerospace and defense OEM’s. This accreditation demonstrates FTG’s superior level of process management and will allow FTG to capture new business in these industry sectors.
FTG Circuits – Chatsworth, a subsidiary of Firan Technology Group Corporation, also announced today that they have successfully upgraded their quality system and achieved certification to the ISO9001; 2008 / AS9100 Revision C standard.

FTG Circuits – Chatsworth is the third FTG manufacturing facility to achieve AS9100 Revision C certification. This demonstrates FTG’s commitment to investing in our quality management systems to ensure we provide the highest possible quality products to our customers.
“The road to achieving Nadcap accreditation and AS9100 Revision C certification is not an easy one. The aerospace and defense industry recognizes the dedication to process and system controls necessary to receive these accreditations,” said Michael Labrador, President of FTG Circuits, Inc.

“FTG is committed to Operational Excellence across the Corporation and the continuous improvement of our process controls and quality systems are an important part of these efforts,” stated Brad Bourne, President and Chief Executive Officer of FTG. “The expanded Nadcap accreditation and AS9100 Revision C certification are especially important given FTG’s focus on the aerospace and defense market.”

About Nadcap:
Created in 1990 by SAE Inc., Nadcap is administered by the not-for-profit Performance Review Institute. PRI exists to advance the interests of the mobility and related industries through development of performance standards and administration of quality assurance, accreditation, and certification programs, as well as related activities for the benefit of industry, government and the general public. PRI works closely with industry to understand their emerging needs and offers customized solutions in response. Learn more at http://www.pri-network.org/or contact PRI at PRINadcap@sae.org.

About AS9100:
AS9100 is a widely adopted and standardized quality management system for the aerospace industry. It was initially released in 1999 by the society of automotive engineers and the European association of aerospace industries. AS9100 incorporates the entirety of ISO 9000, while adding additional requirements relating to quality and safety. Major aerospace manufacturers and suppliers world-wide require registration as a condition of doing business with them.

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 and Chatsworth, California.

FTG Aerospace manufactures 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” 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 x 314
Firan Technology Group Corporation

Joseph R. Ricci, Vice President and CFO
Tel: (416) 299-4000 x 309
Firan Technology Group Corporation

Additional information can be found at the Corporation’s website www.ftgcorp.com