Tuesday May 4, 8:15 am Eastern Time
Company Press Release
SOURCE: Pacific Aerospace & Electronics, Inc.
Pacific Aerospace & Electronics, Inc. Appoints New
Director
WENATCHEE, Wash., May 4 /PRNewswire/ -- Pacific Aerospace & Electronics, Inc. (Nasdaq: PCTH - news), announced
today that Robert M. Stemmler, President, Chairman and CEO of IMPCO Technologies, Inc., has accepted a position on the
Board of Directors of PA&E, effective May 14, 1999. IMPCO Technologies, where Mr. Stemmler has been President and
CEO since 1993, was named by Forbes Magazine in its November 2, 1998 issue as being among the 200 best managed small
companies in the United States. IMPCO is headquartered in Cerritos, California, and also has facilities in Tukwila, Washington
and in various places throughout the United States and internationally.
Mr. Stemmler began his career over 35 years ago as a mechanical, materials and test engineer. Since then, he has held
management positions in a number of areas, including technical development, product management, sales, marketing, strategic
planning, and acquisitions. At IMPCO, Mr. Stemmler has defined and implemented the company's strategies for growth and
profitability in the rapidly emerging alternative fuels industry. He has also been instrumental in transitioning IMPCO into a
worldwide product and technology leader in that industry. Mr. Stemmler holds an M.B.A. degree from Seton Hall University
and a B.S. in Mechanical Engineering from Washington University.
Don Wright, President and CEO of Pacific Aerospace & Electronics, said ''We are pleased to announce that Mr. Stemmler is
joining PA&E's Board of Directors. He has strong technical and management skills and experience that we believe will make
him a key contributor to our Board. His leadership at IMPCO has resulted in that company being named by the Los Angeles
Business Journal in 1998 as the fourth most profitable company in Los Angeles County, based on a 5-year average return on
equity, and in 1999 as the eleventh most profitable company in Los Angeles County. During that period, Mr. Stemmler helped
the company become a global leader in its industry, while completing eight acquisitions and a number of strategic alliances and
joint development programs with major companies, such as General Motors. Mr. Stemmler understands our mission and has
hands-on experience accomplishing a similar mission at IMPCO.''
Pacific Aerospace & Electronics, Inc. is a diversified manufacturing company that develops, manufactures and markets
high-performance electronics and metal components and assemblies for the aerospace, defense, electronics and transportation
industries. The Company's primary businesses are organized into three operational and marketing units. The Electronics Group
develops, manufactures and sells a broad range of precision components, filtering devices, electronic assemblies, and
explosively bonded materials designed to operate with a high degree of reliability in harsh environments such as the ocean,
space and the human body. The Aerospace Group provides machined and cast aluminum and metal parts and component
assemblies for commercial and military aircraft, heavy trucking and automotive uses, primarily in the United States. The
Aeromet Group provides magnesium and aluminum precision cast parts and formed titanium and aluminum sheet products to
the aerospace, defense and motorsport industries, primarily in Europe.
The Company's common stock trades on the Nasdaq National Market System under the symbol ''PCTH'', and its warrants
trade under the symbol ''PCTHW''.
Forward-looking statements in this release concerning trends or anticipated operating results are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees
of future performance and are subject to risks and uncertainties related to the Company's operations. These risks and
uncertainties include, but are not limited to, competitive factors (including the possibility of increased competition or
technological development, competitors, and price pressures); legal factors (such as limited protection of the Company's
proprietary technology and changes in government regulation); and the Company's dependence on key personnel and
significant customers.
SOURCE: Pacific Aerospace & Electronics, Inc.
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