KEMET's Guarantee of Conflict Free Capacitors Aligned
with
SEC Ruling on Provision 1502 of Dodd-Frank
Greenville, South Carolina (August 22, 2012) - KEMET Corporation (NYSE: KEM), a leading manufacturer of tantalum, ceramic, aluminum, film, paper and electrolytic capacitors, today welcomed the SEC's ruling on the Conflict Minerals Provision 1502 of the Dodd-Frank Wall Street Financial Reform Act. While all of the details are yet to be understood, the promulgation of this law is a big step in creating supply chain transparency through reporting requirements for those publically traded companies that use conflict minerals in the manufacture of their products.
"KEMET's tantalum capacitors are conflict free. As the world's largest user of tantalum, KEMET took an early leadership position in the industry on the issue of obtaining certified conflict free minerals," stated Dr. Daniel F. Persico, KEMET's Vice President of Special Projects. "Strong conflict minerals reporting requirements means an enhanced quality of life for the people of the DRC and a more stable supply of conflict free capacitors for our customers," continued Persico.
The KEMET "Making Africa Work" program is the industry's most comprehensive social sustainability and economic program focused on meeting the short and long-term needs of all stakeholders in the KEMET tantalum supply chain. This program includes a completed closed-pipe conflict free vertically integrated tantalum supply chain. In addition, $1.5 million has been committed for social sustainability projects including a school, medical clinic, solar street lighting, and fresh water wells for the village of Kisengo in the DRC. Many of these initiatives are well on their way to completion.
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
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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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