GREENVILLE, S.C., March 14, 2011 /PRNewswire/ -- KEMET Corporation (NYSE: KEM), a leading manufacturer of tantalum, ceramic, aluminum, film, paper and electrolytic capacitors, today announced that its operations have not been affected following Friday's magnitude 8.9 earthquake and resulting tsunami that left towns and villages in Japan devastated.
“In response to many inquiries from both our customers as well as analysts following our company, we want to confirm that KEMET’s worldwide operations have not been affected by the Japan Earthquake and Pacific Tsunami,” stated Per Loof, KEMET’s Chief Executive Officer. We are not aware of any issues in our materials supply chain as a result of the disaster. Therefore, our customers can expect no impact in our ability to fulfill orders," stated Per Loof, KEMET's Chief Executive Officer. "All of us at KEMET are keeping those affected by this horrific tragedy in our thoughts. KEMET is contributing to the American Red Cross National Disaster Relief Fund in support of their work in helping in the recovery of this disaster," continued Loof.
KEMET's common stock is listed on the NYSE under the symbol "KEM." At the Investor Relations section of our web site at http://www.KEMET.com/IR, 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.
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.
Factors that may cause actual outcome and results to differ materially from those expressed in, or implied by, these forward-looking statements include, but are not necessarily limited to, generally adverse economic and industry conditions, including a decline in demand for the Company's products. Other risks and uncertainties may be described from time to time in the Company's reports and filings with the Securities and Exchange Commission.
Dean W. Dimke
Director of Corporate and Investor Communications
SOURCE KEMET Corporation