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Thermwood

Park Electrochemical Corp to Expand

21 August 2009

Park Electrochemical Corp. will be expanding its recently completed PATC facility with the addition of a 42,000 square foot multi-use space.

The original 52,000 square foot development cost $15 million and was designed to develop and produce advanced composite materials for the aircraft and space vehicle industries.

The expansion will allow Park to manufacture composite parts and assemblies for the aircraft and space vehicle industries, as well as adding office and storage space. It is expected to cost approximately $5 million and to be complete and operational by September of 2010.

Upon completion of the PATC facility expansion, the Company’s objective is for PATC to offer composite aircraft and space vehicle parts design and assembly services, in addition to “build-to-print” services. The expansion will include both oven and autoclave and composite parts curing equipment.

Brian Shore, Park Electrochemical Corp.’s President and CEO, said, “We would like to thank the people of Newton, Kansas for making us feel so welcome and at home in their community. We look forward to expanding our operations at the Newton, Kansas Airport.”