Sheldahl Inc. Appoints Benoit Pouliquen As President And Chief Executive Officer

NORTHFIELD, Minnesota - August 29, 2001 - Sheldahl, Inc. (NASDAQ: SHEL) today announced that its Board of Directors has appointed Benoit Pouliquen to be the company's President and Chief Executive Officer beginning September 4, 2001. Mr. Pouliquen replaces Donald Friedman who will become Executive Vice Chairman of the company. Mr. Pouliquen, a Minnesota resident, joins Sheldahl from BMC Industries (NYSE: BMM) where he was President and Chief Operating Officer.

He brings to Sheldahl more than 15 years of experience in the circuitry and manufacturing industries. Previous to BMC, Mr. Pouliquen was an executive with Johnson Matthey PLC, where he served in various positions including President of the company's electronics division.

"We are fortunate to gain the industry knowledge and executive abilities of Benoit Pouliquen," said John Lutsi, Chairman of the Board. "The breadth and depth of his experience will bolster our management team and drive the company to its next stage of development."

"I am excited to join Sheldahl and look forward to building upon the strengths of an organization that is well recognized for its industry leadership and innovation," said Mr. Pouliquen.

Mr. Friedman served as Sheldahl's President and Chief Executive Officer since December of 2000. He filled the position following the company's merger with International Flex Technologies where Mr. Friedman was President and Chief Executive Officer since 1999. As Executive Vice Chairman, he will continue to manage key strategic, business and technical issues for the company.

"Don was instrumental in developing the original vision and orchestrating the buyout of International Flex Technologies, its subsequent merger with Sheldahl and the recent reengineering of the company," said Mr. Lutsi. "His contribution and leadership to the company have been invaluable. We look forward to his continued involvement as Executive Vice Chairman."

About Sheldahl

Sheldahl, Inc. is a leading producer of high-density substrates, high-quality flexible printed circuitry, and flexible laminates primarily for sale to the automotive, electronics and data communications markets. The company, which is headquartered in Northfield Minnesota, has operations in Northfield; Longmont, Colorado; Endicott, New York; Britton, South Dakota; Toronto, Ontario, Canada; and Chihuahua, Chih., Mexico. Sheldahl's Common Stock trades on the Nasdaq National Market tier of the Nasdaq Stock Market under the Symbol: SHEL. Sheldahl news and information can be found on the World Wide Web at http://www.sheldahl.com.

Contact:

Matt West - Coltrin & Associates
630-852-6468
630-430-6051 (cell)
or
Troy McCombs
Coltrin & Associates
212-221-1616

The discussion above contains statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements by their nature involve substantial risks and uncertainties as described by Sheldahl's periodic filings. Actual results may differ materially depending on a variety of factors. Information with respect to the risks and uncertainties faced by Sheldahl may be found in, and the prior discussion is qualified in its entirety by, the Risk Factors contained in the Company's filings with the Securities and Exchange Commission including Sheldahl's Annual Report, Form 10-K for the fiscal year ended December 29, 2000, and other SEC filings. Sheldahl does not undertake any obligation to update any such factors or to publicly announce developments or events relating to the matters described herein.