KEMET Continues Sponsorship of TUfast Electric Car Racing Team

GREENVILLE, S.C., April 24, 2012 /PRNewswire/ -- KEMET Corporation (NYSE: KEM), a leading manufacturer of tantalum, ceramic, aluminum, film, paper and electrolytic capacitors, today announced a continuation of its sponsorship of the TUfast e-Technology Racing Team at the Technical University of Munich, for the 2012 racing season.

As part of the sponsorship agreement, KEMET has become a Premier Sponsor and will assist with the development of the 2012 Formula Student Electric Competition race car as well as provide financial support along with a number of major German automotive companies. As the leading manufacturer of DC link film capacitors, KEMET will provide technical expertise in electric vehicle energy conversion and supply all capacitance solutions required for the project. 

"After such a successful 2011 racing season, KEMET is pleased to increase our collaboration with some of the most outstanding and committed engineering students at one of Germany's finest universities," said Dr. Philip Lessner, KEMET Vice President, Chief Technology Officer and Chief Scientist. "Our sponsorship of the TUfast program reinforces KEMET's continued commitment to electric/hybrid vehicle and green energy technologies, along with fostering the next generation of innovation in the automotive and alternative energy industries."

The TUfast e-Technology Racing Team is comprised of approximately 30 highly motivated students from different areas of expertise studying at the Technical University of Munich. The goal of the team is to design and build the best possible Formula Student Electric race car every year. Last season, the team won nearly every dynamic discipline at least once at races in Germany, Austria and Italy.

The electric car competition began in 2010 to complement the Society of Automotive Engineers (SAE) International Formula SAE® competition for combustion engines, founded in 1979. The race cars are developed in accordance with the strict rules set by Formula SAE, making it possible to successfully compete in Formula SAE races worldwide.

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.

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SOURCE KEMET Corporation