FTG Firan Technology Group Corporation

For the second time, Firan Technology Group Corporation (TSX:FTG), a leader in
aerospace cockpit control devices, has been selected by an AVIC subsidiary to
supply cockpit control panel assemblies (CPA). FTG announced today, that it has
signed a Letter of Intent (LOI) with LIEOE, based in Luoyang, China, for the
supply of Heads Up Display (HUD) CPA's for the C919 aircraft program. 


Under the terms of the LOI, FTG will design, develop, manufacture and supply the
HUD CPA. The design, development and initial manufacturing will be completed at
FTG Aerospace - Toronto. Volume manufacturing will be performed at FTG's
facility in Tianjin, China. The LOI anticipates a minimum Purchase Order
quantity of 1,440 production ship sets and related spares. FTG expects to
complete the design and delivery of ground test and qualification equipment in
2014. 


Initial funding has been received from LIEOE and the program is now officially
underway. Further discussions and negotiations are in progress with a view to
concluding a Master Agreement between LIEOE and FTG. This Master Agreement will
include In Service Support (ISS) for the delivered products. 


"With more than a dozen cockpit control panel assemblies now on the C919, this
marks the continuation of our strategic step for FTG in the rapidly emerging
commercial airplane market in China," said Brad Bourne, President and CEO, FTG
Corporation. "We look forward to supporting and providing LIEOE with the most
trusted and proven HUD CPA solution for the COMAC C919." 


"FTG's value proposition is clear with proven performance on a variety of air
transport platforms. This represents a tremendous and challenging opportunity
for FTG to increase our offering on a dynamic program in an emerging market,"
said Peter Dimopoulos, Vice President, Business Development, FTG Corporation.


LIEOE is a high technology Chinese subsidiary of AVIC Avionics Corporation and
has a great technical foundation and rich development experience in Heads Up
Display Systems, core task systems and optical-electro detect systems. LIEOE is
the supplier of choice for HUD systems to the Chinese aviation industry. 


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 and a joint venture in Tianjin, China. 


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

FOR FURTHER INFORMATION PLEASE CONTACT: 
Firan Technology Group Corporation
Bradley C. Bourne
President and CEO
(416) 299-4000 x 314
bradbourne@ftgcorp.com


Firan Technology Group Corporation
Joseph R. Ricci
Vice President and CFO
(416) 299-4000 x 309
joericci@ftgcorp.com
www.ftgcorp.com

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