KEMET Receives Northrop Grumman's Gold Supplier Award
Greenville, SC (May 8, 2008) - KEMET Corporation (NYSE:KEM) is proud to announce that it has been awarded Northrop Grumman's Gold Supplier Award.
This coveted award recognizes KEMET for demonstrated excellence in product quality, on-time delivery, competitive pricing, and other value-added services in 2007. The award was presented at Northrop Grumman's Space Technology sector's annual Supplier Day conference in Long Beach, California.
"We are delighted to receive this award and to be recognized by Northrop Grumman as one of their most trusted and valued supplier partners," said KEMET CEO Per-Olof Loof. "Our company's goal is to become The Capacitance Company - the first company any electronics manufacturer calls for everything from products to design collaboration to custom development.
This means we have to be the number one provider of capacitance, regardless of technology, chemistry, form factor or manufacturing process. It also means setting the standard in product and service excellence-working in partnership with customers to build the products and technologies of tomorrow while providing the service that differentiates us from the rest of the industry. Receiving prestigious awards such as the Northrop Grumman Gold Supplier Award helps us be sure that we are on the right track."
Northrop Grumman Space Technology's rigorous Supplier Rating Program requires suppliers and subcontractors to participate in an ongoing performance assessment. Gold suppliers are selected on the basis of a scorecard that rates each supplier's management, quality, technical, schedule, and financial performance.
About Northrop Grumman
Northrop Grumman Corporation is a $32 billion global defense and technology company whose 120,000 employees provide innovative systems, products, and solutions in information and services, electronics, aerospace and shipbuilding to government and commercial customers worldwide.
About KEMET
KEMET Corporation applies world-class service and quality to deliver industry-leading, high-performance capacitance solutions to its customers around the world. KEMET offers the world's most complete line of surface-mount and through-hole capacitor technologies across tantalum, ceramic, film, aluminum, electrolytic, and paper dielectrics. KEMET's common stock is listed on The New York Stock Exchange under the symbol KEM.
Additional information about KEMET can be found at www.kemet.com.
Contact:
Travis Ashburn
Product Line Manager
Specialty Products, Ceramics
TravisAshburn@kemet.com
864-228-4320
Dean W. Dimke
Director of Corporate and
Marketing Communication
deandimke@kemet.com
864-228-4448
