Parlex Corporation Appoints Key Executive Positions.

METHUEN, Mass. -- Parlex Corporation (NASDAQ: PRLX) has announced the appointment of three senior executives to fill key Company roles.

David M. Price has been appointed Corporate Vice President and General Manager of Polymer Thick Film and Surface Mount Assembly operations. His prior assignment was Chief Technology Officer for the Company. Prior to joining Parlex, Dave held management positions in R&D and manufacturing with Cookson's Electronics' subsidiary Poly-Flex Circuits. He also has held management positions at Bull Electronics in their Printed Circuit Board operations. Mr. Price graduated from Bucknell University with a degree in Chemical Engineering and holds both a Master of Business Administration and a Master of Manufacturing Engineering from Boston University.

Dr. Neil Kirby has been appointed Chief Technology Officer of Parlex Corporation. Dr. Kirby has been the Technical Director of the Parlex Polymer Thick Film and SMT facility in the United Kingdom. Dr. Kirby has held engineering and technical management positions with Flextronic Ltd. UK, IBM and Unilever. He holds an engineering degree in Applied Chemistry from Kingston Polytechnic, a master degree in Polymer Science and Technology from The London School of Polymide Technology and a Doctorate in Chemistry from the University of Sussex.

Paul Kendall Nelson has been appointed general manager of the Multilayer Products operation. Paul joined Parlex from Sanmina - SCI where he held the position of National Military Sales Manager for the PCB Division. Paul also had been the general manager of Sanmina - SCI's Tech Center East and director of Inner Layer operations at their Oswego, New York facility. He has held technical and management positions with Cummins Engine Company and Delphi Corporation. Paul has a chemical engineering degree from Purdue University and an MBA from Indiana Wesleyan University.

Peter J. Murphy, Parlex president and CEO stated, "We are extremely pleased to have people of this caliber on our management team. We are confident that their performance will be instrumental to our success as we continue to grow Parlex."

About Parlex

Parlex Corporation is a world leader in the design and manufacture of flexible, interconnect products. Parlex produces custom flexible circuits and laminated cables utilizing proprietary processes and patented technologies, which are designed to satisfy the unique requirements of a wide range of customers. Its manufacturing facilities are located in the United States, China, Mexico and the United Kingdom. For further information, visit Parlex on the web at www.parlex.com.

Forward Looking Statements

This release contains "forward-looking statements" as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) further adverse changes in general economic conditions; (ii) further delays or reductions in the spending of the industry sectors we serve; (iii) the Company's ability to effectively manage operating costs and increase operating efficiencies; (iv) further declines in revenues; (v) insufficient, excess or obsolete inventory; (vi) competitive factors, including but not limited to pricing pressures, in the flexible interconnect markets; (vii) component quality and availability; (viii) rapid technological and market change and the transition to new products; (ix) the relative and varying rates of product price and component cost declines; (x) the effects of war or acts of terrorism, including the effect on the economy generally, on particular industry segments, on transportation and communication systems and on the Company's ability to manage logistics in such an environment, including receipt of components and distribution of products; (xi) the ability to attract and retain highly qualified employees; (xii) the uneven pattern of quarterly sales; (xiii) fluctuating currency exchange rates; (xiv) risks associated with strategic investments and acquisitions; (xv) the Company's ability to execute on its plans; and (xvi) other one-time events and other important factors disclosed previously and from time to time in its filings with the U.S. Securities and Exchange Commission.