SAN JOSE, Calif. and
CENTENNIAL, Colo., March 9, 2017 /PRNewswire/ -- Cypress
Semiconductor Corp. (NASDAQ: CY), a leader in wireless internet of
things (IoT) solutions, and global technology solutions provider
Arrow Electronics, Inc. (NYSE: ARW), today announced an expanded
collaboration to jointly enable internet-of-things (IoT)
innovations.
Arrow will leverage Cypress' industry-leading portfolio of IoT
connectivity solutions to help its customers in the industrial,
retail, life-sciences and smart-cities sectors develop and bring
seamless, comprehensive IoT solutions to market. Cypress'
WICED® IoT development platform supports the industry's
leading IoT-focused wireless connectivity portfolio with
market-proven Wi-Fi® solutions, including
high-performance 802.11ac solutions and combo solutions.
"Wi-Fi is essential for IoT device connectivity, and Cypress'
Wi-Fi and combo solutions will enable us to bring robust cloud
connectivity to our customers around the world," said Aiden Mitchell, global vice president of IoT
sales at Arrow. "The expansion of our relationship with Cypress
will help strengthen both of our positions as go-to partners for
leading innovators in a wide range of markets who are looking to
bring more intelligence to their products while speeding time to
market."
"We believe expanding our partnership with Arrow will help
Cypress build our leadership position in IoT connectivity and
strengthen our reach in the fast-growing segments we focus on most
in our target markets," said Mike
Balow, executive vice president of sales and applications at
Cypress. "Not only will we benefit from Arrow's technical, sales
and logistics expertise, but we will collaborate on more marketing
opportunities as well."
Arrow is the primary sponsor of the Schmidt Peterson Motorsports
(SPM) No. 5 Honda race car driven by James
Hinchcliffe in the Verizon IndyCar series, and Cypress has
now joined the sponsorship team at Arrow's invitation. Arrow will
leverage Cypress' portfolio of IoT connectivity solutions and
automotive solutions to give the racing team a technical advantage
during the 2017 season. The first race of the season is the
Firestone Grand Prix of Saint
Petersburg in Florida on
Sunday, March 12 at 12:00 p.m. Eastern Time on ABC.
"We welcome Cypress to the SPM team as a sponsor and technology
partner," said Schmidt Peterson Motorsports' co-owner Sam Schmidt. "We are firm believers in exploring
and using new technology to give our team every edge possible, and
we are excited about the ability to gather real-time data and add
more intelligence to various aspects of our racing operations with
Cypress on board."
The No. 5 car aligns 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, @Hinchtown, @ArrowGlobal and @CypressSemi on Twitter
for updates throughout the 2017 IndyCar season.
Cypress will demonstrate its full portfolio of IoT, automotive,
industrial and consumer solutions at the Embedded World trade show
in Nuremberg, Germany in hall 4A
at the Cypress booth number 148 of the Nuremberg Exhibition Center
from March 14-16. Arrow will be
introducing a new kit based on Cypress technology at Embedded
World. Cypress and Arrow will hold joint demonstrations of IoT
solutions in hall 4A at the Arrow booth number H4A/340.
Arrow's sensor-to-sunset full IoT-product-lifecycle
capabilities—called eVolve—draw on the company's core strengths in
sensor and component distribution, enterprise computing and system
integration. For startups and makers, Arrow's broad IoT offerings
include services specifically designed to help them advance from
idea to product, quickly and cost-effectively.
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
125,000 original equipment manufacturers, contract manufacturers
and commercial customers through a global network of more than 465
locations serving over 90 countries. Learn more at
fiveyearsout.com.
About Schmidt Peterson Motorsports
Established in 2001
and owned by former IndyCar driver Sam
Schmidt and Canadian businessman Ric
Peterson, Schmidt Peterson Motorsports (SPM) currently
competes in the Verizon IndyCar Series. With a storied history in
the Indy Lights presented by Cooper Tires series with over 70 wins,
over 70 pole positions and seven championship wins, the
Indianapolis-based team has also
found success in IndyCar with five wins, two Indianapolis 500 pole positions and four poles
claimed overall, as well as three top-five finishes in the
championship points standings.
Follow Cypress Online
Join the Cypress Developer
Community, read our Core & Code blog, follow us on
Twitter, Facebook and LinkedIn, and watch Cypress videos on
our Video Library or YouTube.
About Cypress
Founded in 1982, Cypress is the leader
in advanced embedded system solutions for the world's most
innovative automotive, industrial, home automation and appliances,
consumer electronics and medical products. Cypress's programmable
systems-on-chip, general-purpose microcontrollers, analog ICs,
wireless and USB-based connectivity solutions and reliable,
high-performance memories help engineers design differentiated
products and get them to market first. Cypress is committed to
providing customers with the best support and engineering resources
on the planet enabling innovators and out-of-the-box thinkers to
disrupt markets and create new product categories in record time.
To learn more, go to www.cypress.com.
Cypress and the Cypress logo are registered trademarks of
Cypress Semiconductor Corp. All other trademarks are property of
their owners.
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SOURCE Cypress Semiconductor Corp.