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.

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

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED