Firan Technology Group Corporation (“FTG”) Announces Full Year and Fourth Quarter 2024 Financial Results

About this update from Firan Technology Group Corporation

TORONTO, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Firan Technology Group Corporation (TSX: FTG) (OTCQX: FTGFF) today announced financial results for the full year and fourth quarter of 2024. Full Year Financial Highlights: Fourth Quarter Financial Highlights: Business Highlights: During 2024, the Corporation invested in existing sites and grew the business organically. FTG is strategically deploying its capital in ways that will drive increased shareholder returns for the future in both the near term and long term. Specifically, FTG accomplished many goals in 2024 that continue to improve the Corporation and position it for the future, including: Subsequent Events: Financial Tables: Table 1: Key Financial Metrics (Full Year) Table 2: Key Financial Metrics (Quarterly) Table 3: EBITDA CEO Commentary: "We are thrilled with FTG’s performance in 2024, which reflects our strategic focus on growth and operational excellence," said Bradley C. Bourne, President and CEO of FTG. "Our investments in technology and acquisitions have positioned us well for future success, and we are excited about the opportunities ahead, including our expansion into the Indian market." About Firan Technology Group Corporation: FTG is an aerospace and defence electronics product and subsystem supplier to customers around the globe. FTG has two operating units: The Corporation's shares are traded on the Toronto Stock Exchange under the symbol FTG, and on the OTCQX Exchange under the symbol FTGFF. Conference Call Details: FTG will host a live conference call on Wednesday, February 19, 2025, at 4:00 p.m. (Eastern) to discuss the full year and fourth quarter 2024 financial results. To participate in the call, please dial 1-289-514-5100 or 1-800-717-1738 and use Conference ID 06303. The Chairperson is Mr. Brad Bourne. A replay of the call will be available until March 18, 2025, and can be accessed by dialing 1-289-819-1325 or 1-888-660-6264, Playback Passcode# 06303. The replay will also be available on the FTG website at www.ftgcorp.com . 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: Additional information can be found at the Corporation’s website www.ftgcorp.com .

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