SOURCE: KEMET Corporation

KEMET Corporation

June 15, 2016 16:15 ET

KEMET Awards Avnet 2015 Distributor of the Year Award

GREENVILLE, SC--(Marketwired - June 15, 2016) - KEMET Corporation (NYSE: KEM), a leading global supplier of electronic components, announced Avnet, Inc. (NYSE: AVT), a leading global technology distributor, as the winner of its 2015 Jim Bruorton Distributor of the Year Award. Avnet's exceptional growth in specialty product categories, design registrations, financial performance and sales metrics were among the criteria used to select this year's winner.

"KEMET remains an industry leader thanks to its commitment to innovation. Recent product introductions, including RoHS-compliant ferrite inductors and the new Ultra HiQ-CBR Squared Multilayer Ceramic Capacitors, demonstrate KEMET's dedication to the future," said Ed Smith, President, Avnet Electronics Marketing Americas. "Avnet is honored to receive KEMET's Distributor of the Year recognition, and we look forward to contributing to the ongoing success of KEMET, and our mutual customers, in the years to come."

"For KEMET, it is a priority to ensure we put the best products and latest technologies in the hands of our customers. We are proud to have a great network of Authorized Distributors and every year we like to recognize the best of the best. This year, Avnet is a very deserving recipient of this award," said Fernando Spada, Vice President Sales - Global Distribution, KEMET. "We have been fortunate to have had multiple opportunities to grow with Avnet, and look forward to another year of outstanding growth and performance."

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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