KEMET Corporation and NEC TOKIN Start Alliance

                KEMET Corporation and NEC TOKIN Start Alliance

PR Newswire

TOKYO, Feb. 1, 2013

TOKYO, Feb.1, 2013 /PRNewswire/ --KEMET Corporation, a leading manufacturer
of capacitors based in the United States, and NEC TOKIN Corporation ("NEC
TOKIN"), a leading manufacturer of tantalum capacitors based in Japan,
announced today the closing of the first step in their alliance with the
completion of a capital injection of USD 50 million (approximately JPY 4.4
billion) by KEMET Electronics Corporation, KEMET's wholly-owned subsidiary
(collectively with KEMET Corporation, "KEMET"), into NEC TOKIN.

KEMET and NEC TOKIN entered into definitive agreements on this alliance on
March 12, 2012, and are expecting to pursue synergistic efforts to enhance the
two companies' global businesses as well as NEC TOKIN's financial base and the
recovery of its capacitors business which was severely damaged by the October
2011 flooding in Thailand. KEMET and NEC TOKIN have received all necessary
governmental approvals, and the customary closing conditions to the injection
have been satisfied. At the closing, KEMET received a third-party allotment
of common shares. Following this allotment and taking into account the
non-voting preferred shares assigned to NEC in March 2012, KEMET and NEC
Corporation now respectively hold 51% and 49% of the voting interest, and 34%
and 66% of the economic interest, in NEC TOKIN.

KEMET and NEC TOKIN expect to utilize this partnership to enhance efficiencies
through the cross-selling of both companies' products, greater efficiency of
procurement and production, and enhanced product development by sharing
technological know-how, while each company will continue to maintain their
current independent sales organizations.

NEC TOKIN will continue operating under the same brand and providing its
existing lineup of products and services within this alliance. Moreover, in
the two companies' extensive product areas, the alliance is expected to
enhance further growth of business into the industrial field and worldwide
markets, while capitalizing on NEC TOKIN's material technologies and KEMET's
expertise in global operations management.


KEMET's common stock is listed on the NYSE under the symbol "KEM." At the
Investor Relations section of our web site at, 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


NEC TOKIN was established in 1938 to commercialize the innovative material
technology developed by the TOHOKU University. Taking advantage of its most
advanced material technologies, NEC TOKIN is proud to offer tantalum
capacitors, electric double layer capacitors, electro-magnetic devices,
miniature relays, IC cards and IC tags, piezoelectric devices and sensors. For
further information, please visit the NEC TOKIN home page at:

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 the following: (i)adverse economic
conditions could impact the Company's ability to realize operating plans if
the demand for the Company's products declines, and such conditions could
adversely affect the Company's liquidity and ability to continue to operate;
(ii) adverse economic conditions could cause the write down of long-lived
assets or goodwill; (iii)an increase in the cost or a decrease in the
availability of the Company's principal or single-sourced purchased materials;
(iv)changes in the competitive environment of the Company; (v)uncertainty of
the timing of customer product qualifications in heavily regulated
industries; (vi) economic, political, or regulatory changes in the countries
in which the Company operates; (vii)difficulties, delays or unexpected costs
in completing the Company's restructuring plan; (viii)equity method
investments expose the Company to a variety of risks; (ix) acquisitions and
other strategic transactions expose the Company to a variety of risks; (x) the
inability to attract, train and retain effective employees and management;
(xi)the inability to develop innovative products to maintain customer
relationships and offset potential price erosion in older products;
(xii)exposure to claims alleging product defects; (xiii) the impact of laws
and regulations that apply to the Company's business, including those relating
to environmental matters; (xiv)the impact of international laws relating to
trade, export controls and foreign corrupt practices; (xv) volatility of
financial and credit markets affecting the Company's access to capital;
(xvi)the need to reduce the total costs of the Company's products to remain
competitive; (xvii)potential limitation on the use of net operating losses to
offset possible future taxable income; (xviii)restrictions in the Company's
debt agreements that limit the Company's flexibility in operating its
business; and (xix) additional exercise of the warrant by K Equity, LLC which
could potentially result in the existence of a significant stockholder who
could seek to influence our corporate decisions. Other risks and
uncertainties may be described from time to time in the Company's reports and
filings with the Securities and Exchange Commission.

KEMET Contacts:

Dean W. Dimke
Senior Director, Marketing Communications
and Investor Relations

William M. Lowe, Jr.
Executive Vice President and
Chief Financial Officer

SOURCE KEMET Corporation

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