Park Electrochemical Corp. (NYSE – PKE) announced the introduction of ALPHA STRUT™ (patent pending), its new proprietary composite strut design. The ALPHA STRUT, which is designed for aircraft and other aerospace medium to high load bearing applications, joins Park’s patented SIGMA STRUT™ in Park’s proprietary aerospace composite strut product offering. The SIGMA STRUT is designed for space and other aerospace very high load bearing applications. A strut is a structural load carrying element which transfers loads axially between two points. The ALPHA STRUT and SIGMA STRUT designs provide significant weight savings and load carrying reliability compared to metal struts and other composite struts by utilizing unique metal end-fittings, which are co-cured into each end of the struts without the use of adhesives. This technique allows the fittings to transfer the full load through the strut body without having to rely on bond areas to carry shear loads as with typical designs. ALPHA STRUT designs have been developed to safely support working (limit) loads of 1,100 pounds in tension and compression with an ultimate load capability of 2,200 pounds. The ALPHA STRUT design has been successfully tested to over one million load cycles at load limits in both tension and compression. The ALPHA STRUT is suitable for a variety of aircraft and other aerospace medium to high load bearing applications, including primary and secondary aircraft structures, tie rods, push/pull control rods, monument bracing, truss structures and bulkheads. The ALPHA STRUT utilizes fully traceable materials which are acceptable for aircraft and other industry use. 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” at the end of Item 7 of Park’s Annual Report on Form 10-K for the fiscal year ended March 3, 2013.
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.