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LAKE SUCCESS,
New York, June 26, 2001….Park
Electrochemical Corp. (NYSE
- PKE) announced the promotion of Fred Hickman III to Vice President
of OEM Marketing and Technology. Mr. Hickman's new responsibility
will involve an expanded role in OEM Marketing on a global basis
for Park Electrochemical. Mr. Hickman will continue to report to
Bob Forcier, Senior Vice President, OEM Marketing and Technology,
of Park, and President of Neltec, Inc.,
Park's business in Tempe, Arizona that specializes in high performance
and low loss materials for next generation electronic systems.
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Mr.
Hickman joined Park in 1991 as the Engineering Manager of
Nelco Technology, Inc. and has served in a variety of capacities
since that time, including Director of Technology at Neltec.
Prior to 1991, Mr. Hickman held various engineering positions
at Digital Equipment Corporation, Hadco Corporation and Westinghouse
Corporation. Mr. Hickman has a Bachelor of Science degree
in Chemistry from the University of South Carolina.
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Commenting on
the announcement, Bob Forcier said, "I am very excited that Fred
is accelerating our efforts in the OEM design community. As the
OEMs continue their demand for tighter tolerance, more reliable
and higher speed materials, Fred's strong background will enable
him to lead our OEM activities in several key technology and market
arenas, including advanced multilayer interconnects, optical routers,
optoelectronics, wireless communications, and environmentally friendly
products. I am proud to have Fred take on more OEM leadership responsibilities
and carry forward our strategy of supporting the OEM community with
the new material technologies required for next generation systems."
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 utilities, 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 25, 2001.
Park Electrochemical
Corp. is a leading global designer and producer of electronic materials
used to fabricate complex multilayer printed circuit boards and
interconnection systems. Park specializes in advanced materials
for high layer count circuit boards and high speed digital broadband
telecommunications, internet and networking applications. Park's
electronic materials business operates through fully integrated
business units in Asia, Europe and North America. The Company's
major manufacturing facilities are located in Singapore, China (operations
expected to commence in the Company's third quarter), Germany, France,
England, Massachusetts, Connecticut, New York, Arizona and California.
Park's electronic materials business operates under the "Nelco"
name.
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