UFP Technologies Added To Russell Microcap® Index

UFP Technologies, Inc. (Nasdaq: UFPT), a manufacturer of packaging and component products, announced today that it has been added to the broad-market Russell Microcap® Index. Russell Investments reconstituted its comprehensive set of U.S. and global equity indexes on June 25, 2010. Membership in the Russell Microcap Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes.

“We are delighted to be among the companies joining the Russell Microcap Index,” said Ronald J. Lataille, CFO of UFP Technologies. “We view it as recognition of our success over the past several years in increasing the revenue, earnings, and shareholder value of UFP Technologies. And we are pleased that inclusion will enhance our exposure to the investment community.”

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. An industry-leading $3.9 trillion in assets are currently benchmarked to them. Annual reconstitution of Russell Indexes captures the 4,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization to create the various indexes.

UFP Technologies is a leading designer and manufacturer of interior protective packaging solutions using molded fiber, vacuum-formed plastics, and molded and fabricated foam plastics. The Company also designs and manufactures engineered component solutions using laminating, molding, and fabricating technologies. The Company primarily serves the automotive, computers and electronics, medical, aerospace and defense, consumer, and industrial markets.

This news release contains forward-looking information that involves risks and uncertainties, including statements about the Company’s prospects, anticipated benefits from increased exposure to the investment community, its participation in multiple markets and its engineering and product development resources, and the Company’s growth potential and strategies for growth. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation risks associated with increased exposure to the investment community as well as other risks and uncertainties that are detailed in the documents filed by the Company with the SEC. Accordingly, actual results may differ materially. Readers are referred to the documents filed by the Company with the SEC, specifically the last reports on Forms 10-K and 10-Q. The forward-looking statements contained herein speak only of the Company’s expectations as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statement to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which any such statement is based.