Fortran -- New Product Announcement

Thermal Graphic Cameras with the ability to measure a person’s temperature as they pass the camera  

Conover, NC - (NewMediaWire) - May 20, 2020 - Fortran Corporation (OTC: FRTN) is pleased to announce that we will begin offering the latest Hikvision thermal graphic temperature reading cameras through our operating subsidiaries B & L Telephone, LLC and Fortran Communications, Inc. These state-of-the-art thermal imaging cameras and software can measure the temperature of individuals as they enter companies, schools, and government facilities, which we believe will be an important tool as they look to safely and effectively reopen after mandatory closures due to the COVID-19 pandemic. We believe this technology will also help make workplaces safer for staff and customers by providing companies with the ability to screen everyone upon entry.  The current market size for this technology is over $4.6 billion, with huge growth predicted.  We are one of the distributors of the Hikvision thermal graphic temperature reading cameras and we will offer these products to our existing clients and plan to launch an aggressive marketing campaign to add new customers, which we believe will help grow our business and expand shareholder value.   To receive more information and to attend a webinar, please email info@fortrancorp.com or call our sales staff at 828-624-1153 for a free quote.

About Hikvision: By engineering and bringing state-of-the-art video surveillance products and solutions to market, the company grew from a 28-person start-up in 2001 to a global enterprise.  Hikvision's commitment to R&D innovation is ongoing. Today, in addition to its robust video surveillance products portfolio, Hikvision offers cutting-edge technologies to North America, including deep learning/AI, industrial automation, robotic vision, and advanced smart home solutions connected to a cloud platform. Hikvision employs more than 25,000 dedicated professionals worldwide, of which more than 10,000 are R&D engineers. Hikvision maintains its leadership position by investing 7 to 8 percent of annual sales revenue into R&D for continued product innovation.  For more information about Hikvision, please visit their website at https://us.hikvision.com/en.          

About Fortran Corporation:

Fortran Corporation is a telecommunications system integrator dedicated to designing, implementing and maintaining complex communications solutions. Fortran is comprised of engineering and design, network service, sales, remote monitoring, and on-site services. 

Visit us at www.fortrancorp.com  and our subsidiaries B & L Telephone, LLC and Fortran Communications, Inc. at www.bltel.com and www.fortran-Inc.com, respectively.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

Statements and information contained in this communication that refer to or include Fortran’s estimated or anticipated future results or other non-historical expressions of fact are forward-looking statements that reflect Fortran’s current perspective of existing trends and information as of the date of the communication. Forward looking statements generally will be accompanied by words such as “anticipate,” “believe,” “plan,” “could,” “should,” “estimate,” “expect,” “forecast,” “outlook,” “guidance,” “intend,” “may,” “might,” “will,” “possible,” “potential,” “predict,” “project,” or other similar words, phrases or expressions. Such forward-looking statements include, but are not limited to, statements about offering the latest Hikvision thermal graphic temperature reading cameras through its operating subsidiaries B & L Telephone, LLC and Fortran Communications, Inc.; Fortran’s belief that these thermal reading cameras and software will be an important tool as companies, schools, and government facilities look to safely and effectively reopen after mandatory closures due to the COVID-19 pandemic; Fortran’s belief that this technology will help make workplaces safer for staff and customers by providing companies with the ability to screen everyone upon entry; Fortran’s belief that there is huge growth predicted for this technology;  Fortran’s plan to offer these products to its existing clients and plan to launch an aggressive marketing campaign to add new customers; Fortran’s belief that this technology will help grow its business and expand shareholder value; and Fortran’s plans, objectives, expectations and intentions. It is important to note that Fortran’s plans, objectives, expectations and intentions are not predictions of actual performance. Actual results may differ materially from Fortran’s current expectations depending upon a number of factors affecting Fortran’s business.  Factors that could cause or contribute to such differences include, but are not limited to, fluctuations in operating results, the ability of Fortran to compete successfully and other events, factors and risks. These factors also include, among others, the inherent uncertainty associated with financial and other projections; the anticipated size of the markets and continued demand for Fortran’s products; the impact of competitive products and pricing; changes in generally accepted accounting principles; successful compliance with governmental regulations applicable to Fortran’s facilities, products and/or businesses; changes in laws, regulations and governmental policies; the loss of key senior management or staff; and other events, factors and risks previously and from time to time disclosed in Fortran Corporation’s filings with the OTC Markets Group Inc. including, specifically, those factors set forth in any “Risk Factors” section contained in such filings.

Glenn Withers

910-880-0709

Gwithers@fortrancorp.com