KEMET Aids Typhoon Relief in Philippines
GREENVILLE, S.C., Dec. 2, 2013 /PRNewswire/ -- KEMET Corporation (NYSE: KEM), a leading global supplier of electronic components, today announced that it is making a donation to the American Red Cross in support of Typhoon Haiyan relief efforts in the Philippines.
KEMET's affiliate, NEC TOKIN Electronics (Philippines) Inc., is located in Calamba City, Laguna on the island of Luzon, away from the disaster-struck central Philippines. The company's miniature power relays manufacturing facility and its employees have escaped harm and NEC TOKIN has donated 2 million Philippine pesos (approximately US $46,000) to support recovery efforts. KEMET will make a matching contribution bringing the total to 4 million Philippine pesos (approximately US $92,000).
"In response to the devastation sustained from the typhoon, we offer our heartfelt concern and support to the people of the disaster-struck regions of the Philippines and hope that their lives will be restored as quickly as possible," stated Per Loof, KEMET Chief Executive Officer. "We hope that this assistance will reach the area quickly and play a part in the recovery process."
KEMET Corporation is a leading global supplier of electronic components. We offer our 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. Our vision is to be the preferred supplier of electronic component solutions demanding the highest standards of quality, delivery and service. KEMET's common stock is listed on the NYSE under the symbol "KEM." 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.
Dr. John C. Boan
Vice President, Marketing
SOURCE KEMET Corporation