PARK ELECTROCHEMICAL CORP. ANNOUNCES CHANGE OF NAME OF BUSINESS UNIT IN WATERBURY, CONNECTICUT

Melville, New York, March 31, 2008…..Park Electrochemical Corp. (NYSE – PKE) announced that it has changed the name of its business unit and subsidiary located in Waterbury, Connecticut from Nelcote, Inc. to Park Advanced Composite Materials, Inc. This business unit will continue to manufacture advanced composite materials (the Nelcote® product line) principally for the aerospace markets. The Company’s recently opened advanced composite materials “Pioneer Plant” located on Pioneer Road in Jurong, Singapore and the Company’s new advanced composite materials development and manufacturing facility currently under construction at the Newton City-County Airport at Newton, Kansas will also manufacture advanced composite materials principally for the aerospace markets.

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 and aerospace industries, Park’s competitive position, the status of Park’s relationships with its customers, economic conditions in international markets, the cost and availability of raw materials and utilities, and the various factors set forth in Item 1A “Risk Factors” and 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 25, 2007.

Park Electrochemical Corp. is a global advanced materials company which develops and manufactures high-technology digital and RF/microwave printed circuit materials (the Nelco® product line) and advanced composite materials (the Nelcote® product line) principally for the telecommunications and internet infrastructure, high-end computing and aerospace markets. Park focuses on the general aviation aircraft segment of the aerospace market. Park’s core capabilities are in the areas of polymer chemistry formulation and coating technology. The Company’s manufacturing facilities are located in Singapore, China, France, Connecticut, New York, Arizona and California. In addition, the Company is in the process of constructing a new development and manufacturing facility in Newton, Kansas.