KEMET Position on Conflict Minerals Remains Clear Despite Legal
Challenge to Dodd-Frank Provision 1502
GREENVILLE, S.C., Nov. 20, 2012 /PRNewswire/ -- KEMET
Corporation (NYSE: KEM), a leading manufacturer of tantalum,
ceramic, aluminum, film, paper and electrolytic capacitors,
continues to move forward with the "Partnership for Social and
Economic Sustainability" initiative (formerly called "Making Africa
Work"), despite a recent challenge to the final rule for Dodd-Frank
Section 1502 by the National Association of Manufacturers and the
United States Chamber of Commerce.
(Photo: http://photos.prnewswire.com/prnh/20121120/CL16971
)
"This recent legal challenge will in no way impact the
commitments we have made to enhancing the quality of life for the
people of the DRC," stated KEMET's Senior Vice President of Special
Projects, Dr. Daniel F. Persico.
"Our commitment to developing a multi-stakeholder, closed pipe,
vertically integrated conflict free supply chain is on target and
already reaping benefits for the people of the mining village of
Kisengo in the conflict free Katanga province of the DRC. Our focus
on developing long-term opportunities for these individuals is too
important to be impacted by legal activity an ocean away in
Washington, D.C.," continued
Persico.
For information concerning KEMET's involvement with conflict
free minerals and Provision 1502 of the Dodd-Frank Wall Street
Financial Reform Act, please go to www.kemet.com/conflictfree.
About KEMET
KEMET's common stock is listed on the NYSE under the symbol
"KEM." At the Investor Relations section of our web site at
http://ir.kemet.com/, users may subscribe to KEMET news releases
and find additional information about our Company. KEMET applies
world class service and quality to deliver industry leading, high
performance capacitance solutions to its customers around the world
and offers the world's most complete line of surface mount and
through-hole capacitor technologies across tantalum, ceramic, film,
aluminum, electrolytic, and paper dielectrics. Additional
information about KEMET can be found at http://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.
Contact:
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Dean W.
Dimke
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Senior
Director, Marketing Communications and Investor
Relations
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deandimke@KEMET.com
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954.766.2806
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SOURCE KEMET Corporation