REPoRT oF INdEPENdENT REgISTEREd PUblIC ACCoUNTINg FIRM to the board of directors and Stockholders  of uFP technologies, inc. Grant tHornton LLP boston, Massachusetts  March 13, 2015 We have audited the accompanying consolidated balance sheets of UFp technologies,  Inc. (a Delaware corporation) and subsidiaries (the “Company”) as of December 31, 2014  and 2013, and the related consolidated statements of operations, changes in stockholders’  equity, and cash flows for each of the three years in the period ended December 31, 2014.  Our audits of the basic consolidated financial statements included the financial statement  schedule listed in the index appearing under Item 15(a)(2). these financial statements  and financial statement schedule are the responsibility of the Company’s management.  Our responsibility is to express an opinion on these financial statements and financial  statement schedule based on our audits.  We conducted our audits in accordance with the standards of the public Company  Accounting Oversight Board (United states). those standards require that we plan and  perform the audit to obtain reasonable assurance about whether the financial statements  are free of material misstatement. An audit includes examining, on a test basis, evidence  supporting the amounts and disclosures in the financial statements. An audit also includes  assessing the accounting principles used and significant estimates made by management,  as well as evaluating the overall financial statement presentation. We believe that our  audits provide a reasonable basis for our opinion.  In our opinion, the consolidated financial statements referred to above present fairly, in  all material respects, the financial position of UFp technologies, Inc. and subsidiaries as  of December 31, 2014 and 2013, and the results of their operations and their cash flows  for each of the three years in the period ended December 31, 2014 in conformity with  accounting principles generally accepted in the United states of America. Also in our  opinion, the related financial statement schedule, when considered in relation to the basic  consolidated financial statements taken as a whole, presents fairly, in all material respects,  the information set forth therein.  We also have audited, in accordance with the standards of the public Company  Accounting Oversight Board (United states), the Company’s internal control over financial  reporting as of December 31, 2014, based on criteria established in the 2013 Internal  Control—Integrated Framework issued by the Committee of sponsoring Organizations  of the treadway Commission (COsO), and our report dated March 13, 2015 expressed an  unqualified opinion. 15