Park Electrochemical Announces European Manufacturing Of Its N4000-7 CAF Resistant FR-4 Epoxy Materials

Lake Success, New York, July 16, 2003… Park Electrochemical Corp. (NYSE – PKE) announced that in order to meet growing customer demand, its N4000-7 FR-4 dielectric substrate system is now available in Europe with manufacturing at Park’s Nelco business units in Cologne, Germany and Mirebeau, France. The N4000-7 will be offered as prepreg, conventional laminate or in Park’s proprietary Datlam continuous lamination format. The N4000-7 materials have previously been available only through Park’s Nelco business units in Singapore and North America

The N4000-7 series of laminate and prepreg materials has been designed as a conductive anodic filament (“CAF”) resistant, dimensionally stable material that is more cost-effective and easier to process than existing high-Tg materials. Park’s N4000-7 materials are designed for consistent performance in a broad-range of printed circuit board applications requiring low Z-axis expansion, excellent thermal stability, outstanding hole-filling capability and superior hole-wall integrity. Key applications for N4000-7 in Europe include cellular telephone handsets and automotive technologies. Park also offers its SI™ option for its N4000-7 material, which provides enhanced electrical properties, allowing N4000-7 to be specified for certain high-speed, mission-critical telecommunications applications.

Certain portions of this news 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 relationship 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 March 2, 2003.

Park Electrochemical Corp. is a leading global designer and producer of electronic materials used to fabricate complex multilayer printed circuit boards and interconnection systems. Park specializes in advanced materials for high layer count circuit boards and high speed digital broadband telecommunications, internet and networking applications. Park’s electronic materials business operates through fully integrated business units in Asia, Europe and North America. The Company’s manufacturing facilities are located in Singapore, China, Germany, France, Connecticut, New York, Arizona and California. Park’s electronic materials business operates under the “Nelco” name.