GlobeNewswire Inc | Jan 5, 2022 10:45AM EST

January 05, 2022

NEWTON, Kan., Jan. 05, 2022 (GLOBE NEWSWIRE) -- Park Aerospace Corp. (NYSE-PKE) announced that it has entered into a Business Partner Agreement with ArianeGroup SAS of Les Mureaux, France. Under the Business Partner Agreement, ArianeGroup SAS appointed Park as its exclusive North American distributor of ArianeGroups RAYCARB C2B NG proprietary product. RAYCARB C2B NG is used to produce ablative composite materials for critical rocketry and missile systems.

Park is a long-term customer of ArianeGroup and uses ArianeGroups RAYCARB C2B NG product in the production of many of Parks key ablative materials which Park supplies into critical rocket and missile programs. Park will continue to purchase RAYCARB C2B NG for its own programs, and, through the Business Partner Agreement, Park is now taking on the new role of ArianeGroups exclusive North American distributor for its RAYCARB C2B product.

Brian Shore, Parks Chairman and CEO, said, ArianeGroup is a special company, and we have been blessed by our long-term relationship with them. We are honored and humbled that ArianeGroup has chosen Park to be its exclusive North American distributor of their unique and very important RAYCARB C2B NG product. It is very gratifying for us to be able to expand our relationship with ArianeGroup. Opportunities like this do not come around all that often, and we intend to make the most of it.

Park Aerospace Corp. develops and manufactures solution and hot-melt advanced composite materials used to produce composite structures for the global aerospace markets. Parks advanced composite materials include film adhesives (undergoing development) and lightning strike materials. Park offers an array of composite materials specifically designed for hand lay-up or automated fiber placement (AFP) manufacturing applications. Parks advanced composite materials are used to produce primary and secondary structures for jet engines, large and regional transport aircraft, military aircraft, Unmanned Aerial Vehicles (UAVs commonly referred to as drones), business jets, general aviation aircraft and rotary wing aircraft. Park also offers specialty ablative materials for rocket motors and nozzles and specially designed materials for radome applications. As a complement to Parks advanced composite materials offering, Park designs and fabricates composite parts, structures and assemblies and low volume tooling for the aerospace industry. Target markets for Parks composite parts and structures (which include Parks proprietary composite SigmaStrut and AlphaStrut product lines) are, among others, prototype and development aircraft, special mission aircraft, spares for legacy military and civilian aircraft and exotic spacecraft. Parks objective is to do what others are either unwilling or unable to do. When nobody else wants to do it because it is too difficult, too small or too annoying, sign us up.

Additional corporate information is available on the Companys web site at www.parkaerospace.com

Contact:Donna DAmico-Annitto486 North Oliver Road, Bldg. ZNewton, Kansas 67114(316) 283-6500