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4-Traders Homepage  >  Equities  >  Nyse  >  Park Electrochemical Corp.    PKE

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Park Electrochemical Corp. : Announces Introduction of N6800-22 High Speed/Low Loss and N6800-22 SI? High Speed/Very Low Loss Digital Electronic Materials Products

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02/27/2012 | 11:55pm CET

PARK ELECTROCHEMICAL CORP. ANNOUNCES INTRODUCTION OF
N6800-22 HIGH SPEED/LOW LOSS AND N6800-22 SI® HIGH SPEED/VERY LOW LOSS DIGITAL ELECTRONIC MATERIALS PRODUCTS

Melville, New York, Monday, February 27, 2012……Park Electrochemical Corp. (NYSE - PKE) announced the introduction of its new N6800-22 High Speed/Low Loss and N6800-22 SI® High Speed/Very Low Loss digital electronic materials products. N6800-22 and N6800-22 SI are available globally in both prepreg and laminate forms.

N6800-22 and N6800-22 SI offer very advanced electrical performance and very high reliability. N6800-22 has a dissipation factor (Df) of 0.0055 at 10 GHz and 50% resin content (RC) using Open Resonator testing methodology. N6800-22 SI has a Df of 0.0040 at 10 GHz and 50% RC using Open Resonator testing methodology. These very advanced electrical properties allow for high signal speed transfers and reduced transmission loss. N6800-22 and N6800-22 SI are designed for multiple high temperature lead-free assemblies and high layer count printed circuit board designs which require very high levels of reliability. N6800-22 and N6800-22 SI are highly CAF resistant, high Tg materials with low Z-axis expansion. These products have UL 94V-0 designations, meet IPC-4101/91 specifications and are RoHS compliant.

Brian Shore, Park's President and CEO, said, "I would like to take this opportunity to recognize publicly our R&D groups in Arizona and Singapore for their work in developing our new N6800-22 and N6800-22 SI products, as well as our recently introduced N4800-20 and N4800-20 SI products. Thank you for your fine work in developing these high speed, low loss and very low loss products which may prove to be important products for Park for years to come. Well done."

For information regarding N6800-22 and N6800-22 SI in North and South America, contact Neltec, Inc. at +1-480-967-5600; for information regarding N6800-22 and N6800-22 SI in Europe, the Middle East, and Africa, contact Neltec SA at +33-562-985290; and for information regarding N6800-22 and N6800-22 SI in Asia and Australia, contact Nelco Products Pte. Ltd. at +65-686-17117.

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 and aerospace industries, Park's competitive position, the status of Park's relationships with its customers, economic conditions in international markets, the cost and availability of raw materials, transportation and utilities, and the various factors set forth in Item 1A "Risk Factors" and 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 27, 2011.

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 and California. The Company also maintains R & D facilities in Arizona, Kansas and Singapore.

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Financials ($)
Sales 2017 118 M
EBIT 2017 10,2 M
Net income 2017 -
Debt 2017 -
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018
Capi. / Sales 2017 3,26x
Capi. / Sales 2018 3,05x
Capitalization 385 M
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Mean consensus BUY
Number of Analysts 2
Average target price 23,5 $
Spread / Average Target 23%
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Managers
NameTitle
Brian E. Shore Chairman & Chief Executive Officer
Christopher T. Mastrogiacomo President & Chief Operating Officer
P. Matthew Farabaugh Chief Financial Officer & Senior Vice President
Ke Wang Vice President-Research & Development
Dale Blanchfield Lead Independent Director
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