Park Electrochemical Corp

Park Electrochemical Corp
Public
Traded as NYSE: PKE
Industry Semiconductor Equipment & Materials
Founded 1954
Headquarters Melville, New York, United States
Area served
 Worldwide
Key people

Brian E. Shore
(Chief Executive Officer, President, and Exec. Chairman)
P. Matthew Farabaugh
(Chief Financial Officer, Principal Accounting Officer and VP)

Christopher T. Mastrogiacomo (Chief Operating Officer and Exec. VP) (December, 2013)
Products digital and radio frequency(RF)/microwave printed circuit material products, composite materials
Revenue Increase$73.41M (2014.1.30)
Number of employees
 535(2013.12)
Website www.parkelectro.com

Park Electrochemical Corp was set up on March 31, 1954 and based in Melville, New York. The company focuses on the global markets of telecommunications, Internet infrastructure and high-end computing, and the aerospace markets by providing high-technology digital and radio frequency(RF)/microwave printed circuit material products, composite materials. The printed circuit materials fabricate complex multilayer printed circuit boards and other electronic interconnection systems, such as multilayer back-planes, wireless packages, high-speed/low-loss multilayers, and high density interconnects (HDIs). Its core capabilities are polymer chemistry formulation and coating technology.[1]

At the end of January 2014, The Street down-graded shares of Park Electrochemical Corp from a buy rating to a hold rating.[2] Arounud the same time, the company was downgraded by Zacks from a “neutral” rating to an “underperform” rating.[3]

History

Park Electrochemical Corp was founded in 1954.

In 1957 Park developed epoxy-glass copper-clad laminates for use in making printed circuit boards.

During the 1960s and 70s, the company invented a multilayer laminate printed circuit materials system. It also opened two more Nelco materials subsidiaries.

During the 1980s and 90s, the company extended its product lines to vacuum lamination, multilayer facility and RF/Microwave. It also enlarged its product markets, established subsidiaries in many countries, such as FiberCote Industries, Inc. and Park Advanced Composite Materials, Inc.

From 2000 to today, Park has completed a series of acquisitions and expansions all around the world and entered the aerospace market. It sold its Nelco Technology Inc. and acquired Nova Composites, Inc. In 2003, Park and Snecma Propulsion Systems signed an agreement to let Park market SPS’s Raycarb C2 carbonized rayon fabric to manufacturers of rocket motors.[4]

Products

There are four main product lines in Park Electrochemical corporation, namely Advanced Composite Materials (for aircraft structures, interiors and radomes. broadgoods, tapes), Nelco Digital Electronic Materials (for multilayer designs), Nelco RF/Microwave Materials, and Advanced Composite Parts (Lightweight assemblies for aerospace applications.). The Company’s products include high-speed, low-loss, engineered formulations, high-temperature modified epoxies, phenolics, polyimides, polyphenylene ethers Signal Integrity (SI) products.[5]

Research & Development

Aug 12, 2013,Park Electrochemical Corp introduced its new NL9000 RF/Microwave electronics materials products with a dissipation factor (“Df”) of 0.0017 at 10 GHz using stripline testing methodology and a 0.5dB/cm attenuation loss at 77 GHz for microstrip automotive radar applications. The new series meets UL 94V-0 and IPC-4103 specifications and are RoHS compliant.[6]

July 22, 2013, After its successful applications of SIGMA STRUT,Park introduced ALPHA STRUT, new proprietary composite strut design for aircraft and other aerospace applications. These two technologies improve weight savings and load carrying reliability.[7]

In May, 2013, the company's Simga Strut was selected by Northrop Grumman for use on the James Webb Space Telescope(JWST).[8]

February, 2013, Isola USA Corp and Park Electrochemical Corp agreed to settle the patents dispute about Styrene Maleic Anhydride (SMA) in laminates. Both companies agreed on the dismissal of the patent infringement lawsuit that Isola USA filed against Park in the United States District Court for the District of Arizona on June 26, 2012, and agreed to refrain from challenging the validity or enforceability of any of Isola’s SMA patents.[9]

References

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