GlobeNewswire Inc | Jul 23, 2020 07:46AM EDT

July 23, 2020

Conover, NC, July 23, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Fortran Corporation (OTC: FRTN) a leading telecommunications system integrator and distributor of Hikvision thermal graphic temperature sensing cameras, is pleased to announce B and L Telephone, LLC, one of Fortrans wholly owned subsidiaries, has received a purchase order for 11 thermal imaging temperature sensing cameras to be installed in certain schools within the Caldwell County school district. These cameras will play an integral part in providing safety measures for faculty, staff, students, and parents for the upcoming school year.

In addition, B and L Telephone received a contract for the sale and installation of a Hikvision thermal imaging temperature sensing camera for a local research facility in Hickory, North Carolina. This device will allow the research facility to monitor the temperature of the 100 employees who enter their facility each day.

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. For more information contact us at:info@fortrancorp.com.

Visit us atwww.fortrancorp.com.

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

Statements and information contained in this communication that refer to or include Fortrans estimated or anticipated future results or other non-historical expressions of fact are forward-looking statements that reflect Fortrans 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 Fortrans plans to install 11 thermal imaging temperature sensing cameras in certain schools within the Caldwell County school district; Fortrans belief that these cameras will play an integral part in providing safety measures for faculty, staff, students, and parents for the upcoming school year; and that the thermal imaging devices will allow the research facility to monitor the temperature of the one hundred employees who enter their facility each day. It is important to note that Fortrans plans, objectives, expectations and intentions are not predictions of actual performance. Actual results may differ materially from Fortrans current expectations depending upon a number of factors affecting Fortrans business. Factors that could cause or contribute to such differences include, but are not limited to, fluctuation in operating results, the ability of Fortran to compete successfully and other events. These factors also include, among others, the risks associated with the COVID-19 pandemic and related public health measures on its business, customers, markets and the worldwide economy; the inherent uncertainty associated with financial and other projections; the anticipated size of the markets and continued demand for Fortrans products; the impact of competitive products and pricing; changes in generally accepted accounting principles; successful compliance with governmental regulations applicable to Fortrans 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 Corporations filings with the OTC Markets Group Inc. including, specifically, those factors set forth in any Risk Factors section contained in such filings.

Glenn Withers

828 324 4611

gwithers@fortrancorp.com