KEMET Signs Master Distribution Agreement with Waldom Electronics A Wide Range of Products Available for Immediate Sale in Less Than MOQ Increments
GREENVILLE, S.C., Aug. 29, 2013 /PRNewswire/ -- KEMET Corporation (NYSE: KEM), a leading global supplier of electronic components, today announced a new trading partnership with Waldom Electronics. Waldom, which sells brand-name components to distributors and never to end customers, will market KEMET's wide range of industry-leading tantalum, ceramic, aluminum, film, and paper capacitors to its network of over 2500 Americas-based distributor customers. Waldom offers supply chain solutions that allow its distributor customers and supplier partners to increase sales, reduce costs, expand markets and recover value from slow-moving, excess and end-of-life components.
Graeme Dorkings, KEMET Vice President, Global Distribution Sales, stated, "KEMET is excited to partner with Waldom to expand our business and reduce the cost of serving the channel. We are especially pleased with the significant number of products that Waldom has placed into inventory – nearly 4000 SKUs – which provides stock-out support to our authorized distribution network on our most popular items and for many less frequently stocked items. Furthermore, Waldom's expertise in developing and marketing engineering kits will accelerate the design-in of our products in a wide array of end user markets."
"KEMET has a world-class distribution network and Waldom is grateful to have the opportunity to complement KEMET's distribution efforts, assist in the design and marketing of engineering kits, and provide greater availability of KEMET products in their authorized distribution channels as well as the extensive network of independent distributors that Waldom services today," said Robert Derringer, General Manager, Waldom Electronics Corporation. "We are pleased to offer many items with a one-piece MOQ as part of our Vanishing MOQ program," continued Derringer, adding, "Waldom will also offer a significant number of Mini-Reels and Mini-Packs, allowing both KEMET's authorized and extended networks to procure KEMET capacitors at a fraction of published MOQ and at preferred pricing that enables the sale of KEMET products."
MOQ – Minimum Order Quantity
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.
About Waldom Corporation
Waldom Electronics is a full-service master wholesale distributor that sells only to distributors and never to end users. Waldom provides brand-name components to more than 3,000 distributors in established and emerging markets worldwide. Waldom serves its supplier partners and distributor customers from one of the widest selections of inventory in the industry, providing programs and services that increase sales and market share, reduce suppliers' cost-to-serve, expand markets, and recover value on slow moving, excess and end-of-life product. More information can be found at www.waldom.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