Schmidt Peterson Motorsports signs three-year extension with Arrow Electronics

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Schmidt Peterson Motorsports announced it has a new three-year extension with Arrow Electronics to sponsor its No. 5 Honda in the Verizon IndyCar Series, which is driven by James Hinchcliffe.

Arrow joined the team as a primary sponsor prior to the beginning of the 2015 season. Arrow is the company that helped develop the machine-to-machine technology that allowed team owner Sam Schmidt, who is a quadriplegic, to drive a custom Corvette around Indianapolis Motor Speedway in 2014.

“This has been an amazing journey from day one. Ever since I received that phone call from Arrow to drive the SAM car, our lives, both on and off the track, have changed dramatically,” said Schmidt in a team release. “In my 20 years of being involved in motorsports at this level, I have never met a group of executives this focused on doing good things for humanity in addition to watching the bottom line. This program proves you can do both.”

Hinchcliffe will return to the No. 5 after missing the second half of the 2015 season recovering from injuries in an Indy 500 practice session. Hinchcliffe was replaced by Ryan Briscoe in eight races and by Conor Daly in three races.

“Arrow’s collaboration with Sam Schmidt and SPM is a natural fit – we are both committed to guiding innovation forward to help improve people’s lives,” said Michael Long, Arrow’s chairman, president and CEO. “We’re excited to see the Arrow-sponsored No. 5 car in action during the upcoming IndyCar seasons.”