GREENVILLE, S.C., July 30, 2012 /PRNewswire/ -- KEMET Corporation (NYSE: KEM), a leading manufacturer of tantalum, ceramic, aluminum, film, paper and electrolytic capacitors, honored Avnet with its 2012 Distributor of the Year Award. The award was presented by KEMET's Jim Bruorton, Vice President of Global Distribution Sales and Business Development, and Al Houghtaling, Avnet Account Executive, in May 2012 at EDS in Las Vegas, Nevada.
"I would like to congratulate the Avnet Team on an outstanding performance during the past year," said Bruorton. "Avnet met or exceeded expectations in each of our award criteria. A job well done! Avnet's commitment to IP&E resources and KEMET inventory has helped our two companies reach records for both sales and customer base growth."
"Our teams strive to ensure that we put the best products and latest technologies in the hands of our customers. That's easy to do with a partner like KEMET," said Alex Iuorio, Senior Vice President, Supplier Marketing, Avnet Electronics Marketing Americas. "Fortunately, this past year has brought us multiple opportunities to grow with KEMET and our customers, thanks to the range of products KEMET brings to market including many first-to-market passive component offerings. I look forward to another great year together."
KEMET awards this honor each year to the distributor who scores highest in a number of criteria. Avnet Inc. demonstrated record-breaking growth and superior performance during KEMET's fiscal 2012 year.
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 Avnet Inc.
Avnet, Inc. (NYSE: AVT) is one of the largest distributors of electronic components, including, capacitors, connectors and semiconductors; technology solutions, computer products and embedded technology. Avnet connects the world's leading technology manufacturers with a broad base of more than 100,000 customers by providing cost-effective value-added services and solutions.
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.
Dean W. Dimke
Senior Director, Marketing Communications and Investor Relations
SOURCE KEMET Corporation