Park Aerospace Corp. issued a statement to correct inaccurate reports by independent transcription services and news articles regarding its fiscal year 2025 third quarter investor conference call. The company clarified that references to the 'requalification' of products supplied by one of its vendors were mistakenly reported as a 'recall.' Chairman and CEO Brian E. Shore confirmed that the term 'recall' was never used in the presentation or during the conference call.
The company emphasized that a 'requalification' is a common and benign event within the aerospace industry, whereas a 'recall' carries potentially very negative implications. Park Aerospace stated there was no reference to any recall of any products in its third quarter investor presentation or conference call, and the company is not aware of any such recall.
Park Aerospace advised investors and news services to consult the company's website for accurate information and to contact the company directly for clarifications. This correction aims to prevent misinformation from impacting perceptions of its supplier relationships and product integrity.
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