LAKE SUCCESS, New York, August 28, 2001… Park Electrochemical Corp. (NYSE - PKE) Lake Success, New York, August 28, 2001...Park Electrochemical Corp. (NYSE-PKE) announced the election of Jay B. Grover as the President of Neltec, Inc., Park's high-technology circuitry material business unit located in Tempe, Arizona. Park also announced that Robert A. Forcier, who has served as the President of Neltec and as Senior Vice President of Park for the last two years, will be leaving the company on September 17, 2001, which is Mr. Forcier's fifteen-year anniversary with the company.

Mr. Grover has over fifteen years of management experience in the high-performance printed circuitry materials industry. Mr. Grover joined the company in February 1997 and has held positions with both Neltec and Nelco Technology, Inc., the company's mass lamination business unit which was recently sold to DDi Corp. Mr. Grover has been the Director of Operations of Neltec since September 1999 and has been responsible for the day-to-day operations of the Neltec business for the last two years. In addition, Mr. Grover has had operational responsibility for Neltec, S.A. since December 2000. Neltec, S.A. is the company's RF microwave materials business located in Lannemezan, France. Mr. Grover previously worked for Arlon, Inc. from 1985 to 1996, where he served as plant manager of Arlon's high-performance circuitry materials facility located in Rancho Cucamonga, California and Arlon's RF microwave materials facility located in Bear, Delaware.

Fred Hickman, the company's Vice President of OEM Marketing and Technology, will now report to Emily Groehl, the company's Senior Vice President, Sales and Marketing. (Mr. Hickman previously reported to Mr. Forcier.) In addition to her current responsibilities, Ms. Groehl will now have responsibility for the company's OEM and technical marketing functions.

Brian Shore, Park's President and CEO, said, "First, I would like to express my deep gratitude to Bob Forcier for the enormous contribution he has made to our company over the last fifteen years. We will all miss Bob Forcier very much, and we certainly all wish Bob the very best of luck in the future. I am confident that our friendship with Bob will continue for many years to come."

Brian Shore continued, "I am very pleased that Jay Grover has agreed to serve as the President and leader of our very important Neltec business unit. Neltec is the business unit from where all of our new, high-technology products are initially introduced. For example, our digital broadband product line including N4000-13 and N6000 were originally introduced by Neltec. Neltec has also undergone a major facilities expansion which was completed approximately six months ago. Further, our RF microwave business in Lannemezan, France was recently integrated into the Neltec business unit. Neltec has also recently embarked on a RF microwave expansion in North America. We are so very pleased to be able to place our Neltec business under the stewardship of a proven high-technology leader like Jay Grover."

Brian Shore concluded, "We are also very pleased that Fred Hickman will be working directly with Emily Groehl. Bob Forcier started our OEM Technology and Marketing function a little over a year ago, and this function has come very far in a short period of time under Bob's leadership. I am confident that Fred and Emily will now take our OEM Technology and Marketing function to new heights."

Commenting on the announcement, Mr. Forcier said, "I am extremely pleased and honored to have spent fifteen productive years with the Park/Nelco family. The relationships with my colleagues, customers and suppliers from all parts of the world have been priceless both personally and professionally. My experiences have allowed a very unique perspective on the great triumphs of our industry as we have tackled the amazing world of electronics. The world will be forever changed and my best wishes to the Park/Nelco family on the various pathways awaiting."

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 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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