Article content
Toronto, May 20, 2022 (Globe Newswire) – Return Technology Group Corporation (TSX: FTG) (“FTG“Or”InstitutionToday, Mr. Kumail Ganguly has announced his resignation.
After review, and failed attempts to meet with shareholders who this year postponed voting for Mr. Gangji’s reappointment to the FTG Board of Directors, the Board inadvertently accepted Mr. Gangji’s resignation in accordance with our company policy, saying that a director who failed to accept. The director will submit his resignation letter for consideration by the Corporate Governance Committee, voting in favor of his election, representing the majority of the votes cast and suspended.
Article content
During his tenure, Mr. Gangji managed to manage himself professionally and ethically with the highest concern of all stakeholders of the company. His actions were consistent with the values and requirements of the board and were well suited to meet the challenges of building a small company like ours. We wish him well. The board strives to find the right people with the right variety and breadth to show the company the way forward.
About Firan Technology Group Corporation
FTG is a space and defense electronics product and subsystem supplier to customers around the world. FTG has two operating units:
FTG Circuit is a manufacturer of high technology, high reliability printed circuit board. Our customers are leaders in the aviation, defense, and high-tech industries. FTG Circuits operates a joint venture in Toronto, Ontario, Chatsworth, California, Fredericksburg, Virginia and Tianjin, China.
Article content
FTG Aerospace manufactures and repairs illuminated cockpit panels, keyboards and sub-assemblies for real equipment manufacturers of aerospace and defense equipment. FTG Aerospace operates in Toronto, Ontario, Chatsworth, California and Tianjin, China.
Shares of the corporation are traded on the Toronto Stock Exchange under the FTG symbol.
Future plans
This press release contains some far-sighted statements. These pioneering statements relate to, but are not limited to, the FTG’s activities, expected financial performance, business prospects and strategies. Predictive information usually includes words such as “guess”, “belief”, “expectation”, “plan”, “will”, “yes” or suggest future results. Such statements are based on current expectations of the corporation’s management and inherently involve numerous risks and uncertainties, including economic factors and the industry of the corporation, known and unknown. The previous list is not complete of all possible causes. Such far-sighted statements are not a guarantee of future performance and actual events, and the results may differ materially from those published or implied by far-sighted statements made by the corporation. The reader is cautioned to consider these and other issues carefully when making decisions about corporations and not to rely too far on prudent statements. In accordance with the requirements of the law, the FTG denies any intention or obligation to update or amend any such prudent statement, whether for new information, future events or otherwise.
FOr
FurtHis
inForMAtiOn PleasAnd contACt:
Bradley C. Bourne, President and CEO
Telephone: (416) 299-4000 x 314
FirA T.echnology group COrphansrAtiOn
[email protected]
Jamie Crichton, Vice President and CFO
Telephone: (416) 299-4000 x 264
FirA T.echnology group COrphansrAtiOn
[email protected]
Additional information can be found on the Corporation’s website www.ftgcorp.com
