Arrow Electronics, Inc. (NYSE: ARW) employees around the world will be cheering on James Hinchcliffe, driver of the Arrow sponsored No. 5 Indy car, this Sunday as he competes in the one-hundredth running of the Indianapolis 500 at the Indianapolis Motor Speedway. Hinchcliffe and the Schmidt Peterson Motorsports (SPM) team are positioned for a strong finish in this year's race after earning the coveted pole position during qualifications last weekend.

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James Hinchcliffe, driver of the SPM Arrow No. 5 Indy car, celebrating last weekend after winning th ...

James Hinchcliffe, driver of the SPM Arrow No. 5 Indy car, celebrating last weekend after winning the pole position for the 100th running of the Indy 500. (Photo: Business Wire)

"Everyone at Arrow is proud of the incredible things that James and the Schmidt Peterson Motorsports team have accomplished so far this season," said Michael J. Long, Arrow's chairman, president and chief executive officer. "Last year, James watched the Indy 500 from a hospital bed, and this year he clocked the fastest time in qualifications. That's a testament to his passion for the sport, hard work and dedication. Arrow is proud to sponsor such a great athlete and inspiring individual, and we look forward to cheering him on this Sunday in the big race."

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 152 mph in the SAM car on Sunday in between Indy 500 qualifying laps.

Arrow is proud to work with and sponsor the SPM team and No. 5 car. Their drive and passion 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.

Follow @SPMIndyCar, @ArrowGlobal, #hinchi5back and #ArrowDriven on Twitter for updates.

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.

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