Park Electrochemical Corp. Announces New Marketing Initiative For Meteorwave™ 1000 And Meteorwave™ 2000, The New Names For Its N6800-22 And N6800-22 SI® High Speed/Very Low Loss Electronic Materials Products
Park Electrochemical Corp. (NYSE: PKE) announced a new marketing
initiative for Meteorwave™ 1000 and Meteorwave™ 2000.
Park Electrochemical Corp. (NYSE: PKE) announced a new marketing initiative for Meteorwave™ 1000 and Meteorwave™ 2000. Meteorwave 1000 and Meteorwave 2000 are the new names for the Company’s High Speed/Low Loss and High Speed/Very Low Loss digital electronic materials products which were formerly named N6800-22 and N6800-22 SI ®, respectively. The details of this new marketing initiative will be communicated directly to the Company’s customers and electronics OEMs which specify and design in the Company’s electronics materials products. Meteorwave 1000 and Meteorwave 2000 offer very advanced electrical performance and very high reliability. Meteorwave 1000 has a dissipation factor (“Df”) of 0.0055 at 10 GHz and 50% resin content (“RC”) using Open Resonator testing methodology. Meteorwave 2000 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. Meteorwave 1000 and Meteorwave 2000 are designed for multiple high temperature lead-free assemblies and high layer count printed circuit board designs which require very high levels of reliability. Meteorwave 1000 and Meteorwave 2000 are highly CAF resistant, high Tg materials with very low Z-axis expansion. These products have UL 94V-0 designations, meet IPC-4101/91 specifications and are RoHS compliant. For information regarding Meteorwave 1000 and Meteorwave 2000 in North and South America, contact Neltec, Inc. at +1-480-967-5600; for information regarding Meteorwave 1000 and Meteorwave 2000 in Europe, the Middle East and Africa, contact Neltec SA at +33-562-985290; and for information regarding Meteorwave 1000 and Meteorwave 2000 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 26, 2012.
Shareholders of Park Electrochemical Corp. looking to boost their income beyond the stock's 1.8% annualized dividend yield can sell the August covered call at the $25 strike and collect the premium based on the $1.00 bid, which annualizes to an additional 8.1% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 9.8% annualized rate in the scenario where the stock is not called away.