Melville, New York, June 29, 2005……Park Electrochemical Corp. (NYSE-PKE) reported sales of

$55,676,000 for its 2006 fiscal year first quarter

ended May 29, 2005 compared to sales of

$58,518,000 for the first quarter of last year.

Park reported net earnings before special items

of $6,387,000 for the first

quarter ended May 29, 2005

compared to net earnings of $6,021,000 for last fiscal

year’s first quarter ended May 30, 2004. The

Company recorded an after-tax charge of

$1,059,000 for termination benefits related to the

reduction in workforce at its Neltec Europe SAS

subsidiary in Mirebeau, France during the first

quarter ended May 29, 2005. Net earnings

were $5,328,000 for the quarter ended May 29, 2005

compared to net earnings of $6,021,000 for last year’s first quarter.

Park’s basic and diluted earnings per share before

special items were $.32 for the first quarter ended

May 29, 2005 compared to basic and diluted earnings pe

r share of $.30 for last year’s first quarter.

Basic and diluted earnings per share were $.27 for

the quarter ended May 29, 2005 compared to basic

and diluted earnings per share of $.30 for last year’s first quarter.

Brian Shore, Park’s President and CEO, said, “The

global markets for our electronic materials products

continued to be mixed during our first quarter a

nd into the beginning of our second quarter. Although,

as usual, our visibility into our electronics market

s is very limited, I should at least remind you that our

second quarter is often the slowest quarter for our

electronic materials business. The markets for our

advanced composite materials products continued to be

strong in the first quarter, and we believe that

strength will continue through the second quarter.”

The Company will conduct a conference call to discuss its financial results at 11:00 a.m. EDT today.

Forward-looking and other material information may be discussed in this conference call. The conference

call dial-in number is (800) 811-8824.

For those unable to listen to the call live, a conference call replay will be available from approximately

2:00 p.m. EDT today through 11:59 p.m. EDT on Sunday, July 3, 2005. The conference call replay can

be accessed by dialing (888) 203-1112 and entering passcode 8236774 or on the Company’s web site at

www.parkelectro.com

under the caption “Investor Conference Calls”.

Any additional material financial or statistical data disclosed in the conference call will also be available

at the time of the conference call on the Company’s web site at www.parkelectro.com

under the caption

“Investor Conference Calls”

.

Park believes that an evaluation of its ongoing operations would be difficult if the disclosure of its

financial results were limited to generally accepted

accounting principles (“GAAP”) financial measures,

which include special items, such as realignment and severance charges. Accordingly, in addition to

disclosing its financial results determined in accordance with GAAP, Park discloses non-GAAP

operating results that exclude special items in order

to assist its shareholders and other readers in

assessing the Company’s operating performance, since the Company’s on-going, normal business

operations do not include such special items. The detailed operating information presented below

reconciles the non-GAAP operating results before special items to net earnings determined in

accordance with GAAP. Such non-GAAP financial measures are provided to supplement the results

provided in accordance with GAAP.

Certain portions of this press release may be deem

ed 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” af

ter Item 7 of Park’s

Annual Report on Form 10-K for the fiscal year ended February 27, 2005.

Park Electrochemical Corp. is a global adva

nced materials company which develops and

manufactures high-technology digital and RF/microwa

ve 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 f

acilities), Connecticut, New York, Arizona and

California. The Company operates under the FiberCote™, Nelco® and Neltec® names.

Additional corporate information is available on

the Company’s web site at www.parkelectro.com.

The performance table (in thousands, except per share amounts–unaudited):

13 weeks ended

5/29/05

5/30/04

Sales

$55,676

$58,518

Net Earnings before Special Items

Special Items

Net Earnings

$6,387

1,059

$5,328

$6,021

–

$6,021

Basic and Diluted Earnings Per Share:

Earnings before Special Items

$0.32

$0.30

Special Items

0.05

–

Earnings Per Share

$0.27

$0.30

Weighted Average Shares Outstanding:

Basic

19,947

19,810

Diluted

20,076

20,068

The comparative balance sheets (in thousands):

5/29/05

(unaudited)

2/27/05

Assets

Current Assets

Cash and Marketable Securities

$192,343

$189,578

Accounts Receivable, Net

35,675

35,722

Inventories

15,292

15,418

Other Current Assets

3,985

2,944

Total Current Assets

247,295

243,662

Fixed Assets, Net

61,112

63,251

Other Assets

365

398

Total Assets

$308,772

$307,311

Liabilities and Stockholders’ Equity

Current Liabilities

Accounts Payable

$ 12,076

$ 15,121

Accrued Liabilities

20,905

20,566

Income Taxes Payable

7,938

6,474

Total Current Liabilities

40,919

42,161

Deferred Income Taxes

4,439

5,042

Liability from Discontinued Operations

17,251

17,251

Total Liabilities

62,609

64,454

Stockholders’ Equity

246,163

242,857

Total Liabilities and Stockholders’ Equity

$308,772

$307,311

Equity Per Share

$12.32

$12.19

Detailed operating information

(in thousands – unaudited):

13 Weeks Ended

5/29/05

5/30/04

Net Sales

$55,676

$58,518

Cost of Sales

43,646

44,806

%

78.4%

76.6%

Gross Profit

12,030

13,712

%

21.6%

23.4%

Selling, General and Administrative Expenses

6,269

8,341

%

11.3%

14.2%

Profit from Operations

5,761

5,371

%

10.3%

9.2%

Other Income

1,336

651

%

2.4%

1.1%

Pre-Tax Operating Profit

7,097

6,022

%

12.7%

10.3%

Income Tax Provision

710

1

Effective Tax Rate

10.0%

0.0%

Net Profit before Special Items

6,387

6,021

%

11.5%

10.3%

Special Items:

Realignment charges

1,059

−

%

1.9%

−

Income Tax Benefit

−

−

Effective Tax Rate

−

−

After-Tax Realignment Charges

1,059

−

%

1.9%

−

After Special Items:

Earnings before Income Taxes

6,038

6,022

%

10.8%

10.3%

Income Tax Provision

710

1

Effective Tax Rate

11.8%

0.0%

Net Earnings

$ 5,328

$ 6,021

%

9.6%

10.3%