Forming Technologies Announces the Release of FormingSuite ProgNest for Progressive Dies

Oakville, ON, CANADA — October 23, 2007 —Forming Technologies Inc. (FTI) the industry’s leading developer of solutions for design, simulation, and costing of sheet metal components, today announces the release of FormingSuite ProgNest. ProgNest is powerful nesting software specifically designed for nesting sheet metal blanks on progressive die strips. It automatically calculates the best progressive nesting layout to optimize material utilization based on coil width and pitch, and other constraints.

“ProgNest is one of the most powerful tools available for the progressive die market for calculating costs and utilizing materials,” said Michael Gallagher, Vice President of Sales and Marketing, FTI. “Our clients will be able to quickly and accurately process more quotes and estimate the progression and coil width requirements. Users can produce fully optimized nesting layouts for 1-up, 2-up, and mirrored progressive die configurations. We designed ProgNest within the FormingSuite environment to allow for complete compatibility with our FASTBLANK and BLANKNEST solutions to ensure ease of use and optimization.”

About Forming Technologies
Forming Technologies Incorporated is the world’s leading developer of computer aided engineering software for design and simulation of sheet metal components. For the past 18 years, FTI has provided OEMs and suppliers in the automotive, aerospace and appliance industries with innovative software and training solutions designed to reduce development time and material costs. FTI has trained over 12,000 engineers in Formability and Die Design and is considered the Best in Class around the world for
their industry training programs. For information visit the company’s website ( www.forming.com)



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