Arrow Recognized for their Excellent Performance to Plan, Year-over-Year Sales Growth and Contributions to Increasing Market Share

RIVERSIDE, Calif., May 23, 2023 - Bourns, Inc., a leading manufacturer and supplier of electronic components for power, protection, and sensing solutions, today announced it has named Arrow Electronics, Inc. (NYSE:ARW) as its 2022 North American Broadline Distributor of the Year. Arrow achieved excellent performance to plan and year-over-year sales growth that led to their helping to increase Bourns' market share. Bourns has recognized its top-performing distribution partners with awards since 2004.

"At Arrow, we've made it our mission to provide breakthrough technologies that propel innovation. We've achieved our success through our continued relationships with the world's leading technology developers and manufacturers such as Bourns," said Vince Pastor, from Arrow Electronics. "Arrow's 42-year partnership with Bourns is a testament to our mutual commitment to provide the utmost customer support and the solutions that make designs a reality as well as competitive. We are extremely honored to be recognized as Bourns' North America Broadline Distributor of the Year, and look forward to our continued collaboration for many more years to come."

"Bourns highly values its distribution partnerships that extend the company's reach in meeting increasing demand for our products and solutions. Arrow's outstanding performance in 2022 was key in driving demand generation and capturing strategic design wins. Their knowledgeable team is an asset in delivering superior technical support and customer service that truly makes a positive difference with our mutual customers," said James Harrington, Senior Vice President Worldwide Sales at Bourns. "We are grateful to have had such a strong channel sales relationship with Arrow for more than 42 years, and we anticipate this distinguished association continuing to grow well into the future."