Firan Technology Group Corp T.FTG

Alternate Symbol(s): FTGFF

Technology

Firan Technology Group Corporation is a Canada-based aerospace and defense electronics product and subsystem supplier to customers around the globe. The Company has two operating units: FTG Circuits and FTG Aerospace. FTG Circuits is a manufacturer of printed circuit boards within the global marketplace. FTG Circuits has operations in Toronto, Ontario, Chatsworth, California, Fredericksburg, Virginia, Minnetonka, Minnesota, Haverhill Massachusetts and a joint venture in Tianjin, China. FTG Aerospace manufactures and repairs illuminated cockpit panels, keyboards and electronic assemblies for original equipment manufacturers of aerospace and defense equipment. FTG Aerospace has operations in Toronto, Ontario, Chatsworth, California, and Tianjin, China. FTG Circuits products include high temperature rigid flex, rigid flex and assembly, and thermal management. FTG Aerospace products include aerospace chassis and assembly, backlit control panels, and backlit control panel assemblies.

TSX:FTG - Post by User

Firan Technology Group Corp > New Press Release - Firan Technology Group Corporation to Acquire FLYHT Aerospace Solutions Ltd.

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Comment by BCONTVentureson Oct 22, 2024 6:53am

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Post# 36276163

RE:RE:RE:New Press Release - Firan Technology Group Corporation to Acquire FLYHT Aerospace Solutions Ltd.

Interesting about your experience with FLYHT years ago. I met FLYHT's former CEO Kent Jacobs in the past. Very knowledgeable individual, and FLYHT has some impressive products.

Brad Bourne from FTG has done a great job with the acquisitions that Firan has completed over the years. The acquisition of FLYHT will greatly expand FTG's reach.

Possibleidiot01 wrote: Agreed,

Impressive in their ability to use Firan stock as part of the payment , up to two thirds of the payment.

FLYHT also has tax losses to harvest .

Maybe three years ago I had a diastrous discussion with a junior executive ( all the senior people being busy somewherelse) with FLYHT that stopped me from investing in the company ; maybe that was good luck for me. I can't remember the details of the call but the technology wasn't my concern ; it may have been the size of the company and the reliance on a few customers.

It'll be interesting to see what a very good management team with much better industry connections can do here. $13.2 million in cash or shares is not a lot to risk here