PARK ELECTROCHEMICAL CORP. ANNOUNCES THE RELEASE OF N4000-13EP™ HIGH SPEED, LOW LOSS, LEAD FREE COMPATIBLE SUBSTRATE SYSTEM

Melville, New York, October 16, 2006….Park Electrochemical Corp. (NYSE – PKE) announced the introduction of its new Nelco® N4000-13EP™ 210°C Tg substrate. Nelco N4000-13EP will be joining the existing Nelco N4000-13 substrate, offering an Enhanced Performance option which expands the range of the N4000-13 material system within the lead-free assembly market. This new advanced material system is now available globally with manufacturing in North America, Asia and Europe.

The Nelco N4000-13EP series of laminate and prepreg materials is designed to provide Park’s customers with a high speed, low loss, CAF resistant product that has been enhanced specifically for lead-free applications or any application where a high level of thermal robustness is required. N4000-13EP is part of the N4000-13 family of materials and provides the same level of electrical properties, printed circuit processing, global availability and wide range of constructions. N4000-13EP also offers enhanced CAF resistance, a UL 94V-0 designation and RoHS compliance and meets IPC-4101/29 specifications. This material is also available with Signal Integrity (SI®) glass or as an approved ZBC-2000® material.

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 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 26, 2006.

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’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.

Nelco®, Nelcote™ , SI® and EP™ are trademarks of Park Electrochemical Corp. ZBC-2000® is a registered trademark of the Sanmina-SCI Corporation.