SOURCE: KEMET Corporation

KEMET Corporation

May 31, 2016 08:30 ET

KEMET Files SEC Special Disclosure and Conflict Minerals Report

100% of KEMET Manufactured Tantalum Capacitors Described as Conflict-Free

GREENVILLE, SC--(Marketwired - May 31, 2016) - KEMET Corporation (NYSE: KEM), a leading global supplier of electronic components, has filed a Special Disclosure and Conflict Minerals Report with the U.S. Securities and Exchange Commission.

Despite recent case law regarding the SEC reporting rule, KEMET is voluntarily providing disclosure as to the conflict-free status of its capacitor products in an effort to provide greater transparency. In accordance with SEC guidelines, KEMET's Conflict Minerals Report underwent an independent third-party audit. As outlined in the May 2016 disclosure, KEMET describes the following products as conflict-free:

  • Tantalum Surface Mount Capacitors (MnO2)
  • Tantalum Polymer Surface Mount Capacitors (KO)
  • Tantalum Non-Surface Mount Capacitors
  • Ceramic Surface Mount Capacitors (MLCC)
  • Electrolytic Non-Surface Mount Capacitors
  • Aluminum Polymer Surface Mount Capacitors (AO)

One hundred percent of all KEMET manufactured tantalum capacitors are now described as conflict-free. KEMET expects to reach conflict-free status for all capacitor products by the end of calendar year 2016.

"KEMET's closed pipe process ensures that all tantalum is from conflict-free sources and results in a competitive and reliable tantalum supply," said Per Loof, KEMET Chief Executive Officer. "KEMET is proud to guarantee 100% conflict-free tantalum capacitors to our customers and of the positive, lasting impact we are making as we work to overcome the issues that perpetuate conflict and empower local mining communities."

Since 2010, KEMET has taken a leading role in a project that focused on the sourcing of conflict-free tantalum ores from the Democratic Republic of Congo (DRC). This resulted in one of the electronics industry's first comprehensive, socially and economically sustainable sourcing models based on tantalum ore and culminated in the only closed-pipe, vertically integrated conflict-free supply chain.

KEMET investments in an industrial conflict-free mine as well as a number of infrastructure improvements, including a hospital, school, clean water wells and solar powered street lighting, have made a substantial humanitarian impact in the mining village of Kisengo. These contributions have markedly improved the lives of the people in the village, increased KEMET's competitiveness and provide ongoing value to customers.

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.

Attachment Available: http://www.marketwire.com/library/MwGo/2016/5/27/11G100346/KEMET_Conflict_Minerals_Disclosure_5_26_16-8e939625063aad21a28062667aaa4906.pdf

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