Firan Technology Group (FTG) Announces Its Facility in Tianjin China has Shipped Its 10,000th Aircraft Flight Deck Product
18 Junio 2014 - 4:11PM
Marketwired
Firan Technology Group (FTG) Announces Its Facility in Tianjin
China has Shipped Its 10,000th Aircraft Flight Deck Product
TORONTO, ONTARIO--(Marketwired - Jun 18, 2014) - Firan
Technology Group Corporation (TSX:FTG) announced today that it has
shipped its 10,000th aircraft flight deck product from its facility
in Tianjin China.
In 2010, FTG established FTG Aerospace Tianjin as a wholly owned
foreign enterprise in Tianjin, China. The business was established
to manufacture illuminated cockpit products and offer a combination
of Asian content and a low-cost-country solution to FTG's customers
around the world. In 2012, the facility achieved its AS9100C
certification for manufacturing and shipped its first product. In
2014, the facility added design to its AS9100C certification and
today we are announcing that FTG Aerospace Tianjin has shipped its
10,000th illuminated flight deck product.
"It has been amazing to watch the development and growth of our
new facility in Tianjin. The team there has learned so much and has
developed world class skills in illuminated cockpit products",
stated Brad Bourne, President and CEO, FTG Corporation. He added,
"This accomplishment could not have been achieved without the
support of many other people and organizations including our team
at FTG Aerospace Toronto who provided technical training and
manufacturing support, the Tianjin Airport Economic Area team who
generously provided financial support, and of course, our
customers."
"I am proud of the efforts of every member of our team in
Tianjin and they should be very proud of their achievements in such
a short period of time", noted Claude Bougie, President, FTG
Aerospace Tianjin. He added "As we look forward, the future holds
many new and excited challenges for our business in Tianjin
including building an engineering team to support new designs, and
moving into more complex products such as integrated switch panels
and keyboards. We are ready for these challenges. "
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
Firan Technology Group CorporationBradley C. BournePresident and
CEO(416) 299-4000 x314bradbourne@ftgcorp.comFiran Technology Group
CorporationJoseph R. RicciVice President and CFO(416) 299-4000
x309joericci@ftgcorp.comwww.ftgcorp.com
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