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.
"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 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.
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.
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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.
Dean W. Dimke
Senior Director, Marketing Communications and Investor Relations
SOURCE KEMET Corporation