Firan Technology Group Corporation (FTG) Announces Multi-Year Contract Award from Rockwell Collins
25 Febrero 2013 - 4:05PM
Marketwired
Firan Technology Group Corporation (TSX:FTG) announced today that
it has been awarded a new multi-year Human Machine Interface (HMI)
Enterprise Sourcing Agreement from Rockwell Collins. The agreement
incorporates a variety of avionic products for major airframe
platforms across Business Regional, Air Transport and Government
Systems market applications.
The new HMI contract is estimated at more than $33 Million USD.
This represents a significant revenue increase over the previous
contract. FTG was successful in maintaining historical programs and
capturing new scope across a number of programs. The products to be
supplied consist of Military Ground Guidance Sub-Assemblies,
Avionic Cockpit Controls, Illuminated Panels, Bezels, and
Keyboards.
FTG will manufacturer the majority of the product at its FTG
Aerospace Division located in Toronto, Canada. Additional activity
will take place at FTG Aerospace Tianjin, located in Tianjin China.
Firan Technology Group has been a strategic supplier to Rockwell
Collins for over 30 years.
"FTG appreciates the trust Rockwell Collins has in our ability
to deliver quality product, and adapt to the ever changing
technologies and economic conditions," stated Ian Maknyik, Director
of Business Development. "We look forward to sharing future success
with Rockwell Collins."
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.
FORWARD-LOOKING STATEMENTS
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.
Additional information can be found at the Corporation's website
www.ftgcorp.com.
Contacts: Firan Technology Group Corporation Bradley C. Bourne
President and CEO (416) 299-4000 x 314bradbourne@ftgcorp.com Firan
Technology Group Corporation Joseph R. Ricci Vice President and CFO
(416) 299-4000 x 309joericci@ftgcorp.com www.ftgcorp.com
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