Park / Nelco Announces Acquisition of QLP Laminates

Anaheim, California, July 1, 1999 – Park Electrochemical Corp. (NYSE-PKE) announced that its Nelco Products, Inc. subsidiary has acquired the assets of QLP Laminates from the AMP Incorporated subsidiary of Tyco International Ltd. The mass lamination portion of the QLP Laminates operations, located in Anaheim, CA, will be integrated into Park’s Nelco Technology, Inc. subsidiary in Tempe, Arizona, while the remaining portion of the QLP operations will be integrated into Nelco Products, Inc., headquartered in Fullerton, CA.

QLP is an important acquisition for Park / Nelco as it compliments Nelco’s current capacity needs while future growth programs progress in California and New York.

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. With 8 fully integrated production facilities in the United States, Europe and Southeast Asia, Park’s Nelco group of companies produce prepreg, laminates, ultra thin materials, continuous lamination, mass lamination and semi-finished multilayers for the global printed circuit board and electronic interconnect markets. Park also manufactures specialty adhesive tapes and advanced composite materials for the electronics, aerospace and industrial markets. For additional information contact (714) 634-3665 in the United States or see us on the World Wide Web at