Veteran Orthopedic Executive David Floyd Named OrthoWorx CEO

August 30, 2011 – OrthoWorx today announced that David K. Floyd will join the Warsaw–‐based community group as Chief Executive Officer, effective September 6, 2011. Mr. Floyd most recently served as Worldwide President of DePuy Orthopaedics, a Johnson & Johnson Company headquartered in Warsaw.

“We are delighted that David has agreed to join our organization as Chief Executive Officer,” said Cheryl R. Blanchard, PhD, chair of the OrthoWorx Board of Directors. “David’s industry experience as the global head of a multi–‐billion dollar orthopedic enterprise, his leadership in the creation and launch of OrthoWorx, and his deep connections to the Warsaw community make him ideally suited for this position.”

Mr. Floyd was a founding member of the OrthoWorx Board of Directors and served on the board until April 2011. He also has served as chair of the organization’s Transportation and Logistics Initiative. He began his orthopedic industry career at Zimmer in Warsaw in 1987 and is a graduate of Grace College in Winona Lake, Indiana.

“I am delighted to join OrthoWorx and to be able to draw on my experiences in leadership and in the orthopedic industry in a different way—to help the Warsaw region continue to thrive as the orthopedic capital of the world,” said

Mr. Floyd. “The formation of OrthoWorx was a recognition that the Warsaw area must continue to advance and adapt to new global pressures if it is to retain its status as a world–‐ class center of research, development and manufacturing. In its first two years, OrthoWorx has made excellent progress on a number of initiatives and has built important collaborative relationships with community stakeholders. I am excited about working with the Board and our executive director, Brad Bishop, to continue that work. The orthopedic industry has been a great Indiana success story and I believe it can continue to be a powerful driver of our region’s overall economy.” Mr. Floyd joined DePuy Orthopaedics as U.S. President in September 2007, coming from Abbott Spine, where he served as President of the worldwide spine business. He has held executive leadership positions in several companies, including President of Centerpulse Orthopedics and President and CEO of AxioMed Spine Corporation. He is an alumnus of the Miller Graduate School of Business at Ball State University and the Kosciusko Leadership Academy. He serves as a Director of the Orthopedic Capital Foundation and on the President’s Advisory Council and the Strategic Planning Committee for Grace College.

About OrthoWorx

OrthoWorx (www.orthoworxindiana.com) is a Warsaw-based, industry, community and education initiative established to advance and support growth and innovation within the region’s uniquely concentrated, globally significant orthopedics device sector. Funded in part by the Lilly Endowment, OrthoWorx was founded in 2009 out of a comprehensive study conducted by BioCrossroads. The initiative engages and enhances the broader community interests that both serve and depend upon the sector’s continued growth by targeting an integrated set of educational, workforce, cultural, communication, branding, logistical and entrepreneurial efforts.