Park Electrochemical Corp. Announces The Appointment of Robert A. Forcier as President of Park’s Neltec, Inc. Subsidiary
LAKE SUCCESS, New York, July 14, 1999….Park Electrochemical Corp. (NYSE-PKE) today announced the election of Robert A. Forcier as the President of Park’s Neltec, Inc. subsidiary located in Tempe, Arizona. Mr. Forcier was also recently elected as Senior Vice President, Advanced Products Marketing of Park Electrochemical. Mr. Forcier will retain that title and that area of responsibility, but will, effective immediately, also take on the full-time responsibility for the leadership of the Neltec business.
Neltec, Inc. is one of eight global “Nelco” businesses owned by Park Electrochemical. Neltec specializes in the manufacturing and marketing of advanced materials for applications such as High Density Interconnects (HDI), high speed/low loss applications, chip packaging and very high temperature printed circuit boards (for applications such as military electronics and burn-in boards). Neltec’s new Applications Engineering and Design Team (which also will be lead by Mr. Forcier) specializes in the introduction of advanced materials into the high-technology printed circuit board marketplace. In addition, Neltec is the home of one of Park’s principal research and development laboratories. Several next generation materials are currently under development at Park’s R&D laboratories, including wide bandwith materials (10 Ghz), non-brominated materials, Microvia resin coated coppers, embedded passives and ultra-thin materials.
Commenting on the above announcement, Brian Shore, Park’s President and CEO, said, “We are very pleased that Bob Forcier has agreed to serve as the full-time leader of our Neltec, Inc. business in Tempe, Arizona. Bob is ideally suited for the leadership of Neltec, Inc. based upon his extensive background and work with advanced products over the last eight years. Bob is known industry-wide as one of the leaders and “gurus” in the field of advanced materials. Under Bob’s leadership, we are confident in the future success of our Neltec business.”
Certain portions of this press release which do not relate to historical financial information 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, 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 28, 1999.
Park Electrochemical Corp. is a leading designer and producer of advanced electronic materials used to fabricate complex multilayer printed circuit boards and interconnection systems. Park’s electronic materials business is operated by its “Nelco” group of companies. Park also manufactures specialty adhesive tapes and advanced composite materials for the electronics, aerospace and industrial markets.
Additional corporate information is available on the World Wide Web at www.parkelectro.com.