PARK ELECTROCHEMICAL ANNOUNCES REDUCTION OF WORKFORCE AT PARK’S NELTEC EUROPE BUSINESS UNIT

MELVILLE, New York, May 12, 2005….Park Electrochemical Corp. (NYSE – PKE) announced that it was reducing the size of the workforce at its Neltec Europe SAS subsidiary in Mirebeau, France, from 138 employees to 103 employees. The Company expects to record a one-time termination benefits charge of approximately $1 million during the first quarter of the 2006 fiscal year ending May 29, 2005. The payment of these termination benefits is expected to be substantially completed by the end of the second quarter of the 2006 fiscal year ending August 28, 2005.

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 29, 2004.

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.