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Firan Technology Group Corporation Announces Results of AGM

/EIN News/ -- TORONTO, April 17, 2019 (GLOBE NEWSWIRE) -- Firan Technology Group Corporation (TSX: FTG) (“FTG” or the “Corporation”) today announced the results of its annual general meeting of shareholders (“AGM”), held in Toronto, Ontario on April 16, 2019.  The Corporation is pleased to report that each of the director nominees listed in its management information circular dated March 4, 2019 were elected as directors of FTG.  The directors have been elected to serve until the close of the next annual meeting of shareholders.  The detailed results of the vote for the election of directors of FTG are set out below.

Each of the following five director nominees proposed by management was elected as a director of FTG:

Nominee Votes For % Votes For Votes Withheld % Votes Withheld
Mike L. Andrade 13,957,957 99.996% 568 0.004%
Robert J. Beutel 13,957,957 99.996% 568 0.004%
Bradley C. Bourne 13,957,957 99.996% 568 0.004%
Edward C. Hanna 13,951,557 99.950% 6,968 0.050%
David F. Masotti 13,957,957 99.996% 568 0.004%

In addition, at the AGM, the shareholders also approved appointing BDO Canada LLP, Chartered Professional Accountants, as the Corporation’s auditor and authorized the directors to fix the auditor’s remuneration.  For more information on these matters, please refer to FTG’s management information circular dated March 4, 2019, available on SEDAR at www.sedar.com.

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, Fort Worth, Texas 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.

For further information please contact:
   
Bradley C. Bourne, President and CEO
Firan Technology Group Corporation
Tel: (416) 299-4000, ext. 314 
bradbourne@ftgcorp.com 
   
Melinda Diebel, Vice President and CFO
Firan Technology Group Corporation
Tel: (416) 299-4000, ext. 264 
melindadiebel@ftgcorp.com

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

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Distribution channels: Technology


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