ARW Arrow Electronics Inc.

Arrow Electronics’ Technology Helps IndyCar’s Sam Schmidt Compete in Annual Online Race for Charity

Sam Schmidt, a former IndyCar driver and current team owner of Schmidt Peterson Motorsports, placed 16th during the sixth annual iRacing Pro Race of Champions at CXC Simulations last night, using a race simulator equipped with semi-autonomous technology designed by engineers from the global technology company Arrow Electronics, Inc. (NYSE: ARW). The annual iRacing event pits 24 professional drivers from around the motorsports world against one another for an online simulation race.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20161215005748/en/

Sam Schmidt participates in the 2016 iRacing Pro Race of Champions using race simulator equipped wit ...

Sam Schmidt participates in the 2016 iRacing Pro Race of Champions using race simulator equipped with semi-autonomous technology designed by engineers from Arrow Electronics. (Photo: Business Wire)

Schmidt, who was left quadriplegic after a crash during an IndyCar practice lap in 2000, has collaborated with Arrow on semi-autonomous technology since 2014. Arrow engineers designed and built a modified Corvette for Schmidt, called the Semi-Autonomous Motorcar or SAM car, that he can drive using only the motions of his head and voice commands. The off-the-shelf, open-source technology that Arrow developed for Schmidt has not only helped him to experience driving again, but also inspired additional innovative applications for assistive technology.

This is Schmidt’s second consecutive year competing in the iRacing Pro Race of Champions using Arrow-developed technology. This year, the pros raced in digital Dallara DW12 IndyCars on a laser-scanned version of the Phoenix International Raceway. Verizon IndyCar Series champion Will Power and NASCAR’s Timmy Hill were among the other racing notables participating.

All of the proceeds raised during the event were donated to the Justin Wilson Children’s Fund.

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. Learn more at fiveyearsout.com.

EN
15/12/2016

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Arrow Electronics Inc.

Arrow Electronics, Inc.: Update following affirmation of ratings

Our credit view of this issuer reflects its ample liquidity and countercyclical cash flows, offset by its relatively low margins leaving little room for operational missteps.

Moody's Ratings affirms Baa3 senior unsecured rating of Arrow Electron...

Moody's Ratings (Moody's) affirmed Arrow Electronics, Inc.'s (Arrow) Baa3 senior unsecured rating and P-3 commercial paper rating. The outlook is stable. The affirmation reflects our expectation that Arrow will maintain its leading market position and improve credit metrics, including adjusted deb...

Jonathan Moreland
  • Jonathan Moreland

Monthly Insider Special Screens: September 1, 2025

InsiderInsights Ratings of Companies with Open-Market Form 4 Purchases; Sales Filed at the SEC on the date above. We separate the real investment intelligence from the noise. Saving you time, and improving your research process

Jonathan Moreland
  • Jonathan Moreland

InsiderInsights Weekly Report: August 9, 2025

InsiderInsights Ratings of Companies with Open-Market Form 4 Purchases; Sales Filed at the SEC on the date above. We separate the real investment intelligence from the noise. Saving you time, and improving your research process

ResearchPool Subscriptions

Get the most out of your insights

Get in touch