Philadelphia University, MAG Create Composites Institute

Philadelphia-based Philadelphia University reports it has received a $1.1 million contribution from
New York City-based machine tool and systems company MAG to establish the Philadelphia University
MAG Composites Institute. The institute will focus on research and development of textile-based
composites for industrial applications such as aerospace, automotive and energy using analytical
tools such as finite element analysis to design both 2-D and 3-D textiles preforms. MAG’s financial
contribution also will help establish a B.S. degree in engineering with a concentration in
composites program at the university. The school hopes to offer the first composites courses in
fall 2011.

MAG previously donated a $100,000 state-of-the-art machining center to the university’s
School of Engineering and Textiles for prototype manufacturing.

“Our partnership with MAG to support new and important research in composite materials and
expand our academic programming in engineering has myriad advantages for both MAG and the
university, as well as for our students and faculty and the industries that are likely to benefit
from the development of new textile-composite materials,” said Dr. Stephen Spinelli Jr., president,
Philadelphia University. “It’s a perfect example of an industry leader and a professional
university partnering to create extraordinary opportunities in engineering science and education.”

“The Philadelphia Unversity MAG Composites Institute represents MAG’s commitment to expand
the level of research and education in this field,” said Mo Meidar, chairman and CEO, MAG; and
Philadelphia University Board of Trustees member, and university alumnus. “As the global leader in
automated composites processing solutions, MAG is driven to support new business opportunities
serving a multitude of industries and we believe this partnership will be a key factor in achieving
the full potential for new applications of composite materials.”

January 18, 2011