KEMET Celebrates 100 Years of Innovation Excellence
February 12 2019 - 8:45AM
KEMET Corporation (“KEMET” or the “Company”)
(NYSE: KEM), a leading global supplier of electronic components,
will mark 100 years in business this year. With revenues of over
$1.3 billion, KEMET has grown dramatically over the last century
with 16,000 global employees and 24 manufacturing locations. In the
last fiscal year, the Company has shipped 58 billion components to
138 countries.
KEMET was founded in 1919 by Hugh S. Cooper, a gifted chemist in
Cleveland with an interest in rare metals. Working in his garage,
he developed a process for producing elemental beryllium on an
industrial scale and invented an alloy of beryllium and aluminum
that he called “Cooperite.” In 1919, he sold his patents to Union
Carbide, which formed KEMET (CHEmical-METallurgical) Laboratories
with Cooper as its director.
For many decades, KEMET has played a leading role in
driving passive component technology. Today, the Company offers one
of the industry’s broadest and most advanced ranges of tantalum,
ceramic, film and electrolytic capacitors underpinned by a deep
understanding of and expertise in materials science. Through
the acquisition of TOKIN, the Company now offers complementary,
adjacent, and sensing, actuator and magnetic components and
technologies. KEMET engineers, designs, manufactures and provides
worldwide products and service that support the latest
technologies. Additionally, KEMET components meet the needs of
fast-moving market sectors including the Internet of Things (IoT),
5G and the electrification of the powertrain and other systems in
automotive.
"Through the innovation and talent of our employees around the
world and individuals who have served the Company throughout our
history, along with great channel and business partners, we have
reached a milestone few companies ever achieve,” said William M.
Lowe, Jr., KEMET’s Chief Executive Officer. “KEMET has survived
economic and industry cycles, to become a global leader in
electronic component technology. Our centennial is an opportunity
to reaffirm our commitment to our mission: making the world a
better, safer, more connected place to live. We look forward to our
next century and continuing to develop and manufacture quality
products, provide superior service to our customers and value to
our shareholders."
KEMET will celebrate its 100-year anniversary throughout 2019
with stories, images and videos of the people, products,
innovations and technologies that have transformed the company. The
microsite, kemet100.com, will be updated regularly with new
information about its rich history. Visitors to the site will have
the opportunity to share their memories of KEMET through the years.
Participate in the social conversation by including #KEMET100 in
posts. For more information, please visit kemet100.com.
About KEMETKEMET offers our customers the
broadest selection of capacitor technologies in the industry, along
with an expanding range of electromechanical devices,
electromagnetic compatibility solutions and supercapacitors. Our
vision is to be the preferred supplier of electronic component
solutions demanding the highest standards of quality, delivery and
service. The Company’s common stock is listed on the NYSE under the
symbol “KEM.” Additional information about KEMET can be found at
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.
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.
Contact:Fernando SpadaVice President, Marketing & Digital
Engagementfernandospada@kemet.com954.766.2815
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/e246d0e3-b7f4-4525-a79a-33a39532e78d
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