Park Electrochemical Corp. Announces Major Expansion

18 August 2000

Park Electrochemical Corp announced that it has approved a major expansion of the facilities of its Neltec, Inc. subsidiary located in Tempe, Arizona. The company's Neltec business unit specializes in high performance and low-loss materials for very high technology electronic interconnection applications. In addition to producing exotic high temperature epoxy, BT, polyimide and cyanate ester materials, Neltec specializes in advanced high-speed, low-loss materials such as N4000-13, N4000-13SI(TM), N6000, N6000SI(TM) and other new materials currently being introduced into the marketplace. This expansion is expected to be completed during the first half of the company's next fiscal year and will increase the total manufacturing capacity of the Neltec business unit by over fifty percent. Upon completion, Neltec, Inc. will have manufacturing capacity of approximately $60,000,000. Bob Forcier, Neltec Inc.'s President, said, " Neltec's materials, especially its unique SI materials, have been designed specifically for high frequency digital and microwave applications for the communications industry. Our new expansion will enable us to continue to grow and provide more capacity to our customers as the need for our technology at the OEM level expands in the application areas of wireless infrastructure, broadband network server-routers, optical routers, and high-speed computing."

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