GREENVILLE, SC--(Marketwired - March 24, 2016) -
KEMET Corporation
(
KEMET began purchasing minerals from the Democratic Republic of Congo (DRC) only after Section 1502 of the Dodd-Frank Act was passed in 2010 and procedures for tracking source minerals were implemented. Since then, KEMET has taken a leading role in the sourcing of conflict-free tantalum ores from the DRC. This resulted in one of the electronics industry's first comprehensive, socially and economically sustainable sourcing models based on tantalum ore from the DRC and culminated in the only closed pipe, vertically integrated conflict-free supply chain.
"KEMET has shown that it is possible to succeed in business while being economically and socially responsible," stated Mr. Loof. "We believe our work can serve as a blueprint for responsible companies worldwide and demonstrate that solutions combining social sustainability and economic interests are not mutually exclusive. I am honored to be part of such dedicated group of conflict minerals leaders, and I look forward to continuing my work, not just for KEMET, but for the people of the DRC."
For more information, please visit www.kemet.com/conflictfree.
About KEMET
KEMET Corporation is a leading global manufacturer of electronic components that meet the highest standards for quality, delivery and service. The company offers its customers the broadest selection of capacitor technologies in the industry across all dielectrics, along with an expanding range of electromechanical devices, electromagnetic compatibility solutions and supercapacitors. KEMET's corporate headquarters are in South Carolina; the company also operates manufacturing facilities, sales and distribution centers around the world. KEMET's common stock is listed on the NYSE under the symbol "KEM." Additional information about KEMET can be found at www.kemet.com.
Cautionary Statement on Forward-Looking Statements
Certain statements included herein contain forward-looking statements within the meaning of federal securities laws about KEMET Corporation's (the "Company") financial condition and results of operations that are based on management's current expectations, estimates and projections about the markets in which the Company operates, as well as management's beliefs and assumptions. Words such as "expects," "anticipates," "believes," "estimates," variations of such words and other similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions, which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in, or implied by, such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's judgment only as of the date hereof. The Company undertakes no obligation to update publicly any of these forward-looking statements to reflect new information, future events or otherwise.
Certain risks and uncertainties that could cause actual outcome and results to differ materially from those expressed in, or implied by, these forward-looking statements are described in the Company's reports and filings with the Securities and Exchange Commission.
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Contact Information:
Dr. John C. Boan
Vice President, Marketing
johnnyboan@kemet.com
954.766.2813
