TORONTO, ONTARIO--(Marketwired - January 10, 2017) - Firan Technology Group Corporation (TSX: FTG) announced today that it has been awarded a new three-year Long Term Agreement (LTA) from one of the leading global Original Equipment Manufacturers supporting the Aerospace Market.

The agreement incorporates a variety of high technology Printed Circuits boards for use on key fixed wing platforms including the Boeing 787, Airbus A350, A400M, and the Bombardier C-Series.

The new LTA is estimated at over $12 Million USD. This represents a significant revenue increase over the previous agreement. FTG was successful in maintaining historical programs while capturing new scope across key programs. The products to be supplied support both commercial Air Transport and Military aircraft.

FTG will manufacture the product at its FTG Circuits Division located in Toronto, Canada as well as in China.

"FTG appreciates the trust our customer has in our ability and we are committed to deliver quality and reliable product with outstanding customer service" stated Hitesh Talati, VP & GM, FTG Circuits - Toronto.