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 16 We have audited the internal control over financial reporting of UFp technologies, Inc.  (a Delaware corporation) and subsidiaries (the “Company”) 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).  the Company’s management is responsible for maintaining effective internal control  over financial reporting and for its assessment of the effectiveness of internal control  over financial reporting, included in the accompanying Management’s Report on Internal  Control Over Financial Reporting. Our responsibility is to express an opinion on the  Company’s internal control over financial reporting based on our audit.  We conducted our audit 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 effective internal  control over financial reporting was maintained in all material respects. Our audit included  obtaining an understanding of internal control over financial reporting, assessing the  risk that a material weakness exists, testing and evaluating the design and operating  effectiveness of internal control based on the assessed risk, and performing such other  procedures as we considered necessary in the circumstances. We believe that our audit  provides a reasonable basis for our opinion.  A company’s internal control over financial reporting is a process designed to provide  reasonable assurance regarding the reliability of financial reporting and the preparation  of financial statements for external purposes in accordance with generally accepted  accounting principles. A company’s internal control over financial reporting includes those  policies and procedures that (1) pertain to the maintenance of records that, in reasonable  detail, accurately and fairly reflect the transactions and dispositions of the assets of the  company; (2) provide reasonable assurance that transactions are recorded as necessary  to permit preparation of financial statements in accordance with generally accepted  accounting principles, and that receipts and expenditures of the company are being made  only in accordance with authorizations of management and directors of the company; and  (3) provide reasonable assurance regarding prevention or timely detection of unauthorized  acquisition, use, or disposition of the company’s assets that could have a material effect on  the financial statements.  Because of its inherent limitations, internal control over financial reporting may not prevent  or detect misstatements. Also, projections of any evaluation of effectiveness to future  periods are subject to the risk that controls may become inadequate because of changes  in conditions, or that the degree of compliance with the policies or procedures may  deteriorate.  In our opinion, the Company maintained, in all material respects, effective internal control  over financial reporting as of December 31, 2014, based on criteria established in the 2013  Internal Control—Integrated Framework issued by COsO.  We also have audited, in accordance with the standards of the public Company  Accounting Oversight Board (United states), the consolidated financial statements of the  Company as of and for the year ended December 31, 2014, and our report dated March 13,  2015 expressed an unqualified opinion on those financial statements. 