Contact: Martina Bar Kochva
48 South Service Road
Melville, NY 11747
PARK ELECTROCHEMICAL CORP. REPORTS POTENTIAL SIGNIFICANT SUPPLY CHAIN ISSUES IN JAPAN
Melville, New York, Tuesday, March 15,
2011…..Park Electrochemical Corp. (NYSE-PKE) reported that a significant
amount of the raw materials used to produce its products are sourced
from suppliers and manufacturers based in Japan. Due to the difficulty
in obtaining meaningful information regarding the conditions in Japan,
the Company can not at this time provide more information about the
impact of the Japanese earthquake and tsunami on its suppliers in Japan.
The Company continues to investigate and evaluate the status and
condition of its suppliers in Japan and to assess the potential impact
to Park of the earthquake and tsunami.
Brian Shore, Park’s President and CEO, said, “Park has many dear friends in Japan and is very connected emotionally and psychologically to Japan and its people. We send our condolences, good wishes and prayers to the people of Japan.”
The Company also reported that it is donating $250,000 to The Japanese Red Cross Society. .
Park Electrochemical Corp. is a global
advanced materials company which develops and manufactures
high-technology digital and RF/microwave printed circuit materials
principally for the telecommunications and internet infrastructure and
high-end computing markets and advanced composite materials, parts and
assemblies for the aerospace markets. Park’s core capabilities are in
the areas of polymer chemistry formulation and coating technology. The
Company’s manufacturing facilities are located in Singapore, China,
France, Connecticut, Kansas, Arizona, California and Washington.
Additional corporate information is available on the Company’s web site at www.parkelectro.com.