KEMET Presents Congo Social Sustainability Efforts at United Nations

^{Published on 2012-03-07 13:16:46 - Market Wire}
 

KEMET Presents Congo Social Sustainability Efforts at United Nations -- GREENVILLE, S.C., March 7, 2012 /PRNewswire/ --

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GREENVILLE, S.C., March 7, 2012 /PRNewswire/ -- KEMET Corporation (NYSE: [ KEM ]), a leading manufacturer of tantalum, ceramic, aluminum, film, paper and electrolytic capacitors, today announced that it presented at the 36th annual UNIS-UN Conference on Human Exploitation. This conference investigated and reviewed the various aspects and methods of human exploitation on a global scale.

KEMET's presentation, Conflict-Free and Socially Sustainable, focused on KEMET's current social sustainability activities in the Democratic Republic of Congo (DRC), where conflict minerals (tin, tungsten, tantalum and gold) act as a source of funding for the armed militias committing atrocities in the DRC and surrounding countries. These militia groups exploit the efforts of local artisanal miners and their families to fund their local wars.

KEMET has recently begun sourcing conflict-free tantalum ore from the conflict-free Katanga Province in the DRC for use in the manufacture of electronic capacitors.

The presentation by Dr. Daniel F. Persico, KEMET's Vice President of Strategic Marketing & Business Development, reviewed the combined efforts of KEMET and its supplier, MRI, to develop a safe and sustainable environment whereby the quality of life is enhanced for the miners, their families and the community as a whole.

The presentation highlighted the new hospital and school which are in the process of being built and are scheduled for completion within the next two months, as well as infrastructure enhancements such as solar street lighting, arable land and water wells.

"It is KEMET's intent to show that economics and social sustainability can be true partners in developing an infrastructure that will benefit the whole community, both in the short and long term," said Persico. "Too many times corporations do not get credit for their charitable and corporate social responsibility efforts. This is but one example showing how social sustainability efforts can benefit communities and corporations both. We hope this comprehensive business model will be replicated by more companies in the DRC," continued Persico.

About KEMET

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 ].

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.

SOURCE KEMET Corporation

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