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|FTG Announces New Five-Year Long Term Agreement with Esterline’s Korry Electronics Company|
Firan Technology Group (FTG) Announces New Five-Year Long Term Agreement with Esterline’s Korry Electronics CompanyToronto, May 3, 2016 - Firan Technology Group Corporation (TSX:FTG) announced today that it has been awarded a new five-year Long Term Agreement with Korry Electronics Company (Korry) for the supply of cockpit control panels for the Bombardier C-Series Aircraft. The agreement is the result of many years of cooperation to develop and qualify the cockpit control panels for this newly developed aircraft.
This represents a new revenue stream for FTG as this aircraft enters into production following its certification by Transport Canada earlier this year. It is also the first Long Term Agreement signed between FTG and Korry.“ FTG appreciates the trust Korry has in our ability to deliver quality product, on time and be a key supplier for this exciting new program,” stated Peter Dimopoulos, Vice President, Business Development. “We look forward to sharing future success with Korry on this and future programs.”
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, Fort Worth, Texas and Tianjin, China.
Additional information can be found at the Corporation’s website www.ftgcorp.com