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The recently completed PATC facility, which was designed to develop and produce composite materials for the aircraft and space vehicle industries, contains approximately 52,000 square feet of manufacturing, laboratory and office space and cost approximately $15 million to construct and fully equip. The Company plans to expand its recently completed PATC facility in order to manufacture composite parts and assemblies for the aircraft and space vehicle industries. This expansion, which includes approximately 42,000 square feet of manufacturing, office and storage space, is expected to cost approximately $5 million and to be complete and operational by September of 2010. Upon completion of the PATC facility expansion, the Company's objective is for PATC to offer composite aircraft and space vehicle parts design and assembly services, in addition to "build-to-print" services. The expansion will include both oven and autoclave composite parts curing equipment and capability. When the expansion is complete, PATC plans to be able to offer a full range of composite materials development and manufacturing capability, as well as composite parts design, assembly and production capability, all under one roof. Brian Shore, Park Electrochemical Corp.'s President and CEO, said, "We would like to thank the people of Newton, Kansas for making us feel so welcome and at home in their community. We look forward to expanding our operations at the Newton, Kansas Airport." Park Electrochemical Corp. is a materials company which develops and manufactures high-technology digital and RF/microwave printed circuit materials principally for the telecommunications and internet infrastructure and computing markets and composite materials and parts principally for the aerospace markets. ((Comments on this story may be sent to newsdesk@closeupmedia.com)) For full details on Park Electrochemical Cp (PKE) click here. Park Electrochemical Cp (PKE) has Short Term PowerRatings of 7. Details on Park Electrochemical Cp (PKE) Short Term PowerRatings is available at This Link.
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