AIP Precision Machining Wins 2013 Medical Design Excellence Award

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DAYTONA BEACH, FL--(Marketwired - June 28, 2013) - AIP Precision Machining was awarded Bronze in the Implant and Tissue Replacement Products category for the supply and design of the Orthofix Ankle Compression Nailing System at the MD+DI's 15th Annual Medical Design Excellence Awards (MDEA) Ceremony. The ceremony is the MedTech industry's premier competition for medical device design and innovation.

AIP provided early stage design assistance along with manufacturing process development and supply of the complex radiolucent carbon fiber targeting jig assembly. The Orthofix Ankle Compression Nailing System is an ankle fusion nail device consisting of an implant, screws, and locking caps. The implant is inserted through the base of the calcaneus into the medullary canal of the tibia via a radio-translucent dual targeting arm.

"This is a tremendous honor for our company," said John MacDonald, vice president at AIP Precision Machining. "Critical suppliers normally work behind the scenes and remain the unsung heroes of OEM product development. We are truly appreciative of both our OEM partner and the MDEA program for recognizing the efforts of critical suppliers."

The product is manufactured by Orthofix s.r.l (Bussolengo, Italy). Entry submitted by Orthofix Inc. (Lewisville, Texas). Supply and design credit to AIP (Daytona Beach, Florida), Orchid Design (Shelton, Connecticut), and Orchid Keller (Torrance, California).

More information can be found at http://www.mddionline.com/article/mdea-2013-winners.

AIP Precision Machining

AIP Precision Machining is a leading manufacturer of precision machined plastic and carbon fiber components for the world's most challenging aerospace, defense, energy, and medical devices. The company uses the latest CNC equipment, inspection techniques, and advanced programming to manufacture complex products with unmatched precision and reliability. AIP is ISO 13485:2003, ISO 9001:2008, FDA, and ITAR registered. Their staff of programming experts, along with extensive material and industry knowledge, provides customers with capabilities and solutions unique in the marketplace. AIP Precision Machining is headquartered in Daytona Beach, Florida and is a division of FAST Group-Houston, Inc. which is a member of the Fenner PLC global group of companies. For more information, contact AIP at 386.274.5335 or visit www.AIPprecision.com.

Fenner PLC ("Fenner") is a leading global provider of local, engineered solutions for performance critical applications. The group operates through two divisions:

The Engineered Conveyor Solutions (ECS) division, trading under the Fenner Dunlop, Fenner and Dunlop brand names, is a recognized leader in the global conveying market. The division offers a unique, comprehensive suite of products and services, which cover the conveying needs of mining, power generation and bulk handling markets.

The Advanced Engineered Products (AEP) division excels at solving customers' most challenging application problems. Drawing from an unprecedented array of polymer, elastomer and textile technologies, the division routinely develops innovative performance-critical components for OEM customers in markets from underground oil exploration/mining to satellites/aircraft, specialty off-road vehicles to implantable medical devices, and from bank note dispensers to wind turbines. The Division's trading names are recognized globally and include Hallite, AIP Precision Machining, CDI Energy Products, EGC Critical Components, Fenner Precision, Fenner Drives, James Dawson, Secant Medical and Xeridiem.

Certain statements contained in this release constitute forward-looking statements. Such forward-looking statements involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of AIP Precision Machining or Fenner, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such statements. Such risks, uncertainties and other factors including, among others, growth in the commodity markets, general economic conditions and the business environment.


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