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LAKE SUCCESS,
New York, July 14, 1999….Park Electrochemical Corp. (NYSE-PKE) today
announced the election of Robert A. Forcier as the President of
Park's Neltec, Inc. subsidiary located in Tempe, Arizona. Mr. Forcier
was also recently elected as Senior Vice President, Advanced Products
Marketing of Park Electrochemical. Mr. Forcier will retain that
title and that area of responsibility, but will, effective immediately,
also take on the full-time responsibility for the leadership of
the Neltec business.
Neltec, Inc.
is one of eight global "Nelco" businesses owned by Park Electrochemical.
Neltec specializes in the manufacturing and marketing of advanced
materials for applications such as High Density Interconnects (HDI),
high speed/low loss applications, chip packaging and very high temperature
printed circuit boards (for applications such as military electronics
and burn-in boards). Neltec's new Applications Engineering and Design
Team (which also will be lead by Mr. Forcier) specializes in the
introduction of advanced materials into the high-technology printed
circuit board marketplace. In addition, Neltec is the home of one
of Park's principal research and development laboratories. Several
next generation materials are currently under development at Park's
R&D laboratories, including wide bandwith materials (10 Ghz), non-brominated
materials, Microvia resin coated coppers, embedded passives and
ultra-thin materials.
Commenting on
the above announcement, Brian Shore, Park's President and CEO, said,
"We are very pleased that Bob Forcier has agreed to serve as the
full-time leader of our Neltec, Inc. business in Tempe, Arizona.
Bob is ideally suited for the leadership of Neltec, Inc. based upon
his extensive background and work with advanced products over the
last eight years. Bob is known industry-wide as one of the leaders
and "gurus" in the field of advanced materials. Under Bob's leadership,
we are confident in the future success of our Neltec business."
Certain portions
of this press release which do not relate to historical financial
information 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,
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 28, 1999.
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. Park also manufactures
specialty adhesive tapes and advanced composite materials for the
electronics, aerospace and industrial markets.
Additional corporate
information is available on the World Wide Web at www.parkelectro.com.
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