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Robert Ryan to Lead Red Cedar as President, CEO

EAST LANSING, MI, Jan 24, 2012 - Red Cedar Technology announced today that the company’s Chairman of the Board, Robert R. Ryan, has accepted the position of President and CEO. Mr. Ryan has more than 25 years of experience in the high-tech software industry. He previously served as President of Mechanical Dynamics, Inc. (MDI). In 2002, he oversaw the sale of MDI to MSC.Software and served as Executive Vice President of the newly combined firm. Most recently, he served as Chairman of the Board for Red Cedar Technology and About Golf, Ltd.

Mr. Ryan holds a Bachelor's degree in engineering and business from the University of Cincinnati, and M.S. and Ph.D. degrees in engineering from Stanford University. He spent two years on the Mechanical Engineering faculty at The University of Michigan, where he received the Exxon Outstanding Educator Award and conducted research sponsored by the National Science Foundation. Throughout his career, Mr. Ryan has focused on the effective application of computer simulation to product design, finance, medicine, sports, and entertainment. He most recently served on the advisory council for the NIH's Center for Biomedical Computation and is a member of Plymouth Venture Partners, a top-tier venture capital group.

Ron Averill, former President and CEO of Red Cedar Technology, will transition into the roles of Chairman of the Board and Chief Technology Officer. Dr. Averill made the following statement about Mr. Ryan’s new role: “Bob has a history of successful leadership in high-tech software companies, and he has already made significant contributions to Red Cedar Technology. We are very fortunate to have someone with Bob’s experience and ability at the helm of the company.”

About Red Cedar Technology

Red Cedar Technology improves and accelerates design processes for companies facing complex product design challenges. Our design optimization software and services provide engineers with the expertise and technology to reduce product development time and achieve significant productivity gains during the design process. Product development teams worldwide use our expertise to design safer cars, engineer life-saving biomedical devices, and develop innovative structures for air travel and space exploration, among many other groundbreaking applications. For more information, visit www.redcedartech.com.

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