PARK ELECTROCHEMICAL CORP. ANNOUNCES ITS DISCONTINUATION OF BIDDING FOR COLUMBIA AIRCRAFT MANUFACTURING CORPORATION

Melville, New York, November 27, 2007… Park Electrochemical Corp. (NYSE-PKE) announced that it had discontinued its participation in the bidding for certain of the assets and business of Columbia Aircraft Manufacturing Corporation (“Columbia”) in an auction conducted in the United States Bankruptcy Court for the District of Oregon in Portland, Oregon on November 27, 2007.

Park had submitted an initial bid for certain of the assets and business of Columbia on November 20, 2007 after conducting extensive due diligence at Columbia in Bend, Oregon and elsewhere. Park participated in the auction in the Bankruptcy Court in Portland on November 27, 2007 but chose to discontinue its participation in the auction bidding process. Park has incurred approximately $500,000 in out-of-pocket expenses relating to its due diligence efforts, all of which will be expensed in Park’s third quarter ended November 25, 2007.

Brian Shore, Park’s President and CEO, said, “We would like to thank the employees of Columbia Aircraft Manufacturing for all of their help and assistance relating to our due diligence efforts. We wish the employees the best of luck in the future. In our opinion, the business will be in good hands with its new owner. I would also like to take this opportunity to thank Lance Neibauer, the very talented designer of the Columbia aircraft models, for his help in connection with our due diligence efforts.”

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 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.