PARK ELECTROCHEMICAL CORP. MAKES STATEMENT REGARDING THIRD QUARTER EARNINGS NEWS RELEASE RECENTLY MAILED TO REGISTERED STOCKHOLDERS

Melville, New York, Monday, December 27, 2010… Park Electrochemical Corp. (NYSE-PKE) said today that it has learned that the earnings news release recently mailed by its transfer agent to its registered stockholders inadvertently was the third quarter earnings news release from the Company’s previous fiscal year rather than the earnings news release for its 2011 fiscal year third quarter ended November 28, 2010. The Company’s third quarter earnings news release for the current fiscal year was correct when issued on December 22, 2010 and disseminated by the media, and there are no revisions to that release.

The current third quarter earnings news release will be mailed to registered stockholders as soon as possible.

Park Electrochemical Corp. is a global advanced materials company which develops and manufactures high-technology digital and RF/microwave printed circuit materials principally for the telecommunications and internet infrastructure and high-end computing markets and advanced composite materials, parts and assemblies for the aerospace and specialty markets. Park’s core capabilities are in the areas of polymer chemistry formulation and coating technology. Park also specializes in the design and manufacture of complex composite aircraft and space vehicle parts. The Company’s manufacturing facilities are located in Singapore, China, France, Connecticut, Kansas, Arizona, California and Washington.

Additional corporate information is available on the Company’s web site at www.parkelectro.com.