|By Business Wire||
|June 9, 2014 03:44 PM EDT||
Arrow Electronics, Inc. (NYSE:ARW), today announced that Chakib Loucif, vice president of engineering, has been selected as one of Fortune magazine’s inaugural “Heroes of the 500 2014.” Loucif is recognized for his key role in developing the semi-autonomous motorcar, an initiative known as the “SAM Project” to modify a 2014 Corvette Stingray to be driven by head and facial movements using advanced technology.
Loucif is acknowledged for leading a team of individuals who configured sensors and cameras, designed an electronic drive train, and integrated a system to monitor biometric data to enable an individual living with quadriplegia to drive a race car at speed on a race track. On May 18, IndyCar driver and current Verizon IndyCar Series Team owner Sam Schmidt demonstrated the car’s technology by driving multiple laps on the Indianapolis Motor Speedway at nearly 100 miles per hour. The SAM Project is a collaborative venture between Arrow, Ball Aerospace & Technologies Corp., Schmidt Peterson Motor Sports and Falci Adaptive Motorsports, a nonprofit.
“Arrow congratulates Chakib and his team for this recognition among such a noteworthy and inspirational group of individuals who are working to improve the lives of others,” said Michael J. Long, Arrow’s chairman, president and chief executive officer. “The SAM Project demonstrates, particularly to disabled people, that anything is possible with the help of technology, while also influencing a new generation of mobility and safety technologies.”
Fortune’s Heroes of the 500 2014 represents 50 men and women whose personal passions, individual ideals and professional endeavors are transforming communities. All of the selected honorees are employed by Fortune 500 companies.
About Arrow Electronics
Arrow Electronics (www.arrow.com) 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 58 countries.
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The IoT market is on track to hit $7.1 trillion in 2020. The reality is that only a handful of companies are ready for this massive demand. There are a lot of barriers, paint points, traps, and hidden roadblocks. How can we deal with these issues and challenges? The paradigm has changed. Old-style ad-hoc trial-and-error ways will certainly lead you to the dead end. What is mandatory is an overarching and adaptive approach to effectively handle the rapid changes and exponential growth.
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