100% of KEMET Manufactured Tantalum Capacitors Described as Conflict-Free
GREENVILLE, SC--(Marketwired - May 31, 2016) -
Despite recent case law regarding the SEC reporting rule, KEMET is voluntarily providing disclosure as to the conflict-free status of its capacitor products in an effort to provide greater transparency. In accordance with SEC guidelines, KEMET's Conflict Minerals Report underwent an independent third-party audit. As outlined in the May 2016 disclosure, KEMET describes the following products as conflict-free:
One hundred percent of all KEMET manufactured tantalum capacitors are now described as conflict-free. KEMET expects to reach conflict-free status for all capacitor products by the end of calendar year 2016.
"KEMET's closed pipe process ensures that all tantalum is from conflict-free sources and results in a competitive and reliable tantalum supply," said Per Loof, KEMET Chief Executive Officer. "KEMET is proud to guarantee 100% conflict-free tantalum capacitors to our customers and of the positive, lasting impact we are making as we work to overcome the issues that perpetuate conflict and empower local mining communities."
Since 2010, KEMET has taken a leading role in a project that focused on the sourcing of conflict-free tantalum ores from the Democratic Republic of Congo (DRC). This resulted in one of the electronics industry's first comprehensive, socially and economically sustainable sourcing models based on tantalum ore and culminated in the only closed-pipe, vertically integrated conflict-free supply chain.
KEMET investments in an industrial conflict-free mine as well as a number of infrastructure improvements, including a hospital, school, clean water wells and solar powered street lighting, have made a substantial humanitarian impact in the mining village of Kisengo. These contributions have markedly improved the lives of the people in the village, increased KEMET's competitiveness and provide ongoing value to customers.
For more information, please visit www.kemet.com/conflictfree.
KEMET Corporation is a leading global manufacturer of electronic components that meet the highest standards for quality, delivery and service. The company offers its customers the broadest selection of capacitor technologies in the industry across all dielectrics, along with an expanding range of electromechanical devices, electromagnetic compatibility solutions and supercapacitors. KEMET's corporate headquarters are in South Carolina; the company also operates manufacturing facilities, sales and distribution centers around the world. KEMET's common stock is listed on the NYSE under the symbol "KEM." Additional information about KEMET can be found at www.kemet.com.
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Dr. John C. Boan
Vice President, Marketing