Arrow Electronics and Cadence Collaborate to Accelerate the Development of Production-Ready Products for Hardware Engineers

Centennial, Colo. and San Jose, Calif., Jan. 13, 2016 – Arrow Electronics (NYSE: ARW) and Cadence Design Systems, Inc. (NASDAQ: CDNS) today announced a collaboration that will bring integrated design tools to engineers, helping them accelerate the pace of new product development and get products to market faster and cheaper.

As part of the collaboration, the companies plan to allow engineers using the Cadence OrCAD suite of printed circuit board (PCB) design tools to access Arrow's comprehensive online component and reference design data available through SiliconExpert. Access to this component and reference design data early in the design and schematic-capture process can help engineers shorten their time to market by achieving production-ready designs and ensuring that components are readily available, regulatory compliant and have lifecycles consistent with product requirements and cost targets.

The collaboration also allows Arrow's global team of support and solutions engineering teams to add the OrCAD suite of design tools to their portfolio, enabling them to create and deliver reference designs in OrCAD formats and better support engineers who utilize OrCAD design tools.

"Arrow is excited to collaborate with Cadence to better serve our customers," said Cathy Morris, chief strategy officer for Arrow Electronics. "This strategic collaboration with Cadence is another example of how Arrow is driving innovation forward for the designers, engineers, makers and innovators we support."

"The collaboration with Arrow allows customers to access qualified components while using the Cadence PCB suite so they can deliver innovative designs to market faster," said Tom Beckley, senior vice president and general manager, Custom IC and PCB Group at Cadence. "Many of our customers already use Arrow products and services, so the collaboration can provide a seamless customer experience."

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 in 56 countries. Learn more at www.arrow.com.

About Cadence
Cadence enables global electronic design innovation and plays an essential role in the creation of today's integrated circuits and electronics. Customers use Cadence software, hardware, IP and services to design and verify advanced semiconductors, consumer electronics, networking and telecommunications equipment, and computer systems. The company is headquartered in San Jose, Calif., with sales offices, design centers and research facilities around the world to serve the global electronics industry. More information about the company, its products and its services is available at www.cadence.com.

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