Melville, New York, January 17, 2008 -- Park Electrochemical Corp. (NYSE-PKE) announced the official ground-breaking for its new Advanced Composite Materials development and manufacturing facility located at the Newton City-County Airport in Newton, Kansas. This facility will focus on the development and manufacture of Advanced Composite Materials for aircraft structures and components. The facility, which is scheduled for completion by the end of the 2008 calendar year, will contain approximately 50,000 square feet of manufacturing, laboratory and office space. Newton, Kansas is located approximately 20 miles north of Wichita, Kansas, which is home to a number of major General Aviation aircraft manufacturers. Park is situating this new facility in the greater Wichita area in order to be in a position to work closely with, and to more effectively support, the Wichita aircraft manufacturing community. This new facility will be operated by Park’s recently incorporated 100% owned subsidiary, Park Aerospace Materials Corp.

Brian Shore, Park Electrochemical Corp.’s President and CEO, said, “We anxiously look forward to the opening of our new Newton, Kansas facility and becoming a full-time, permanent member of the greater Wichita area aircraft manufacturing community."

Park Electrochemical Corp. is a global advanced materials company which develops and manufactures high-technology digital and RF/microwave printed circuit materials (the Nelco® product line) and advanced composite materials (the Nelcote™ product line) principally for the telecommunications and internet infrastructure, high-end computing and aerospace markets. Park focuses on the general aviation aircraft segment of the aerospace market. 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, New York, Arizona and California. In addition, the Company is in the process of constructing a new development and manufacturing facility in Newton, Kansas.