Exhibit 99.1

PARK ELECTROCHEMICAL CORP.               Contact:  James W. Kelly
NEWS RELEASE                                48 South Service Road
                                               Melville, NY 11747
                                                   (631) 465-3600

     PARK ELECTROCHEMICAL CORP. TO REPATRIATE $70 MILLION IN
                        FOREIGN EARNINGS

Melville, New York, February 16, 2006..Park Electrochemical Corp.
(NYSE  -  PKE) announced that its Board of Directors has approved
the  repatriation, pursuant to the American Jobs Creation Act  of
2004, of $70 million in foreign earnings. The Act provides a one-
time   incentive  for  United  States  companies  to   repatriate
accumulated income earned in foreign jurisdictions at  a  reduced
income  tax  cost of 5.25%, compared to the usual U.S.  corporate
tax rate of 35%.
Park's  subsidiary in Singapore, Nelco Products Pte.  Ltd.,  will
make  a distribution to Park of $70 million prior to the February
26, 2006 end of the Company's current fiscal year pursuant to the
domestic  reinvestment plan approved by the  Company's  Board  of
Directors to repatriate a portion of the accumulated earnings and
profits of Nelco Products Pte. Ltd.
In  connection  with this repatriation, Park  estimates  it  will
incur  a  one-time tax charge of approximately $3 million  to  $4
million  in  the 2006 fiscal year fourth quarter ending  February
26, 2006.
Brian Shore, Park's President and CEO said, "The repatriation  of
these  funds will enhance Park's financial flexibility.  However,
our  Nelco  Singapore subsidiary will continue to have  the  very
substantial  cash reserves necessary to facilitate the  Company's
growth  and  expansion in Asia. We continue to believe  that  our
best  opportunities for growth and expansion over  the  next  ten
years will be in Asia."
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  industry,
Park's  competitive position, the status of Park's  relationships
with its customers, economic conditions in international markets,
the  cost and availability of utilities, and the various  factors
set  forth  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, 2005.
Park Electrochemical Corp. is a global advanced materials company
which  develops  and  manufactures  high-technology  digital  and
RF/microwave  printed  circuit materials and  advanced  composite
materials  for  the  electronics, military,  aerospace,  wireless
communication,  specialty and industrial markets.  The  Company's
manufacturing   facilities  are  located  in   Singapore,   China
(currently   under   construction),  France   (two   facilities),
Connecticut,  New  York,  Arizona  and  California.  The  Company
operates under the FiberCoteT, Nelcor and Neltecr names.
Additional  corporate information is available on  the  Company's
web site at www.parkelectro.com.
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