KEMET Initiates Internet Transactions With Arrow Electronics, Inc., And TTI, Inc., Based on RosettaNet Standards
GREENVILLE, S.C., Oct. 10 /PRNewswire/ -- KEMET Corporation (NYSE: KEM - news) today announced the implementation of business transactions across the Internet with both Arrow Electronics, Inc. (NYSE: ARW - news), and TTI, Inc. Using RosettaNet standards, KEMET and its two largest supply chain partners are using the Internet to exchange information on a real-time basis, which will reduce the cycle time for the exchange of information and more closely align the business processes between the companies.
This positions KEMET for future use of Internet transactions with all of its supply chain partners using the RosettaNet standards. The use of these new, open, non-proprietary standards, which is being leveraged with Extricity software, will result in more efficiency and reduced process times and enhance KEMET's ability to meet our supply chain partners' needs. This new effort, along with recent Web initiatives, complements KEMET's business-to-business e-commerce strategy.
About KEMET Electronics
KEMET Corporation, headquartered in Greenville, South Carolina, is the largest manufacturer of solid tantalum capacitors and the fourth largest manufacturer of multilayer ceramic capacitors in the world. KEMET's common stock is listed on The New York Stock Exchange under the symbol KEM. Company information is available via the Internet (http://www.kemet.com ).
About Arrow Electronics
Arrow Electronics is the world's largest distributor of electronic components and computer products, with 1999 sales of $9.3 billion. Headquartered in Melville, New York, Arrow serves as a supply channel partner for more than 600 suppliers and 175,000 original equipment manufacturers and commercial customers through more than 225 sales facilities and 19 distribution centers in 38 countries. Detailed information about Arrow's operations can be found at www.arrow.com
About TTI
TTI, Inc., is a privately held passive/connector specialist headquartered in Fort Worth, Texas. Sales for 1999 were over $550 million. For more information about TTI, Inc., visit the website at www.ttiinc.com
About RosettaNet
RosettaNet, a self-funded, non-profit organization, is a consortium of major information technology and electronic components companies working to create and implement industry-wide e-business process standards. These standards form a common e-business language, aligning processes between supply chain partners on a global basis. RosettaNet can be found on the World Wide Web at www.rosettanet.org
SOURCE: KEMET Corporation |
