SONOMA, Calif.–(BUSINESS WIRE)–Global technology company Arrow Electronics, Inc. (NYSE:ARW) congratulated James Hinchcliffe, driver of the Arrow-sponsored No. 5 Indy car, and the entire Schmidt Peterson Motorsports (SPM) team on a successful 2016 racing season, which concluded yesterday at the GoPro Grand Prix of Sonoma.
“Arrow’s forward-looking vision is perfectly aligned with SPM and IndyCar’s key focal points: speed, innovation and technology. We look forward to our continued partnership with Arrow for years to come”
“Arrow is proud to sponsor James and the No. 5 Indy car for the second year. His passion and drive for the sport, and the technology enabling it, directly align to Arrow’s forward-looking mission to operate in the world of Five Years Out—the tangible future of new technologies, new materials, new ideas and new electronics that will make people’s lives better, smarter and more inspired,” said Mike Long, chairman, president and CEO of Arrow.
Hinchcliffe finished 13th in the overall standings and won the coveted pole position for the 100th running of the Indianapolis 500. He is currently winning over new fans as a contestant on the ABC television show,Dancing with the Stars.
SPM team co-owner Sam Schmidt initially collaborated with Arrow on machine-to-machine technologies back in 2014. Schmidt, whose crash in 2000 during an Indy car practice lap left him a quadriplegic, rediscovered the joy of driving again through a modified Corvette that Arrow engineers built for him, called the Semi-Autonomous Motorcar, or SAM car. Schmidt hit speeds of 152 mph in the SAM car this May during a demonstration drive at the Indy 500 and tackled the hairpin twists and turns of the Pikes Peak International Hill Climb in June.
“Arrow’s forward-looking vision is perfectly aligned with SPM and IndyCar’s key focal points: speed, innovation and technology. We look forward to our continued partnership with Arrow for years to come,” said Schmidt.
About Arrow Electronics
Arrow Electronics is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. Arrow serves as a supply channel partner for more than 100,000 original equipment manufacturers, contract manufacturers and commercial customers through a global network of more than 460 locations serving over 85 countries.
About Schmidt Peterson Motorsports
Schmidt Peterson Motorsports (SPM) was established in 2001 and is owned by former IndyCar driver Sam Schmidt and Canadian businessman Ric Peterson. SPM fields cars in the Verizon IndyCar Series, including the Indianapolis 500, and the Indy Lights Series presented by Cooper Tires. SPM is the most successful team in Indy Lights Series history with sixty-five race wins and seven championships. In addition, SPM won the coveted Indy 500 pole position in 2011, and has won four Verizon IndyCar Series races in 2013 and 2014.
Meghan Macdonald, 303-824-4589
(c)2016 Business Wire, Inc. – All rights reserved.