Mr. Karavakis has 20 years of experience in flex and rigid printed circuit board fabrication, integrated circuit packaging, and wafer level testing. He has held a number of senior research and development and technology positions and most recently served as Director of Technology for Nexcleon, Inc. Mr. Karavakis has also held senior engineering and technology positions at Kulicke & Soffa Industries, Inc., Tessera Inc., and Amp/Akzo Inc. Mr. Karavakis holds a Bachelor of Science Degree in Chemical Engineering from the City College of New York and a Masters of Science Degree in Chemical Engineering from Columbia University.

Steve Schaefer, Park's Senior Vice President, Technology, said, "We are very excited that Gus has joined the Park/Nelco team as Director of Research and Development. Gus brings a high level of knowledge and expertise in the development and commercialization of new product technologies. We look forward to Gus' playing a central and critical role in our efforts to accelerate our time to market for new products. We also believe Gus will play a vital role in enhancing our company's technological leadership in the global interconnect materials industry".

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 manufacturing facilities are located in Singapore, China, Germany, France, Connecticut, New York, Arizona and California. Park's electronic materials business operates under the "Nelco" and "Neltec" names.