PARK ELECTROCHEMICAL CORP. ANNOUNCES APPOINTMENT OF VICE PRESIDENT OF ADVANCED COMPOSITE OPERATIONS
Melville, New York, March 6, 2006….Park Electrochemical Corp. (NYSE – PKE) announced the appointment of Carl W. Smith as Vice President of Advanced Composite Operations. In this position, Mr. Smith will supervise the operations of FiberCote Industries, Inc., Park’s wholly-owned, advanced composite materials manufacturing subsidiary in Waterbury, Connecticut, and he will report to Brian Shore, the President and Chief Executive Officer of Park.
Mr. Smith has many years of manufacturing, sales and management experience in the composite materials industry. Mr. Smith first joined Park as Vice President of Operations and Chief Operating Officer for Nelco International Corporation, a wholly-owned subsidiary of Park, in April 1998 and was elected Senior Vice President, North American Business Unit, of Park in May 1999, a position which he held until February 27, 2000. Since that time, he has held senior management positions at Reinhold Industries, Inc. Prior to joining Park in 1998, Mr. Smith held various management and technical positions at General Dynamics Convair, Martin Marietta Corporation, Fiberite Inc., where he served as President and Chief Operating Officer from 1995 to 1997, and Cytec Fiberite Inc., where he served as Vice President, Operations from 1997 to 1998.
Brian Shore, Park’s President and CEO, said, “Carl is highly experienced in the advanced composites industry, and I have no doubt that Carl will be a big contributor to our advanced composite business. Also, Carl has been a good friend for many years, and I am really glad to have him back at Park!”
Certain portions of this press release may be deemed to constitute forward looking statements that are subject to various factors which could cause actual results to differ materially from Park’s expectations. Such factors include, but are not limited to, general conditions in the electronics industry, Park’s competitive position, the status of Park’s relationships with its customers, economic conditions in international markets, the cost and availability of utilities, and the various factors set forth under the caption “Factors That May Affect Future Results” after Item 7 of Park’s Annual Report on Form 10-K for the fiscal year ended February 27, 2005.
Park Electrochemical Corp. is a global advanced materials company which develops and manufactures high-technology digital and RF/microwave printed circuit materials and advanced composite materials for the electronics, military, aerospace, wireless communication, specialty and industrial markets. The Company’s manufacturing facilities are located in Singapore, China (currently under construction), France (two facilities), Connecticut, New York, Arizona and California. The Company operates under the FiberCote™, Nelco® and Neltec® names.