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ARW Arrow Electronics Inc

127.14
2.25 (1.80%)
After Hours
Last Updated: 23:57:32
Delayed by 15 minutes
Share Name Share Symbol Market Type
Arrow Electronics Inc NYSE:ARW NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  2.25 1.80% 127.14 127.94 125.72 125.84 617,535 23:57:32

Arrow Electronics to Expand Dallas Value Recovery Operation, Double Mobile-Device Processing Capacity

14/07/2015 2:57pm

Business Wire


Arrow Electronics (NYSE:ARW)
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Arrow Electronics, Inc. (NYSE: ARW) today announced plans to expand the company’s Value Recovery operation in Dallas, Texas. The expansion, which is slated for completion this fall, will double the Dallas facility’s capacity to process smartphones, tablets and other mobile devices for secure reuse or divestment.

“Arrow’s Value Recovery business is expanding rapidly, and this growth is fueled in part by the proliferation of mobile devices within companies and organizations,” said Mark Majeske, president of Arrow’s global reverse logistics business. “Businesses today are finding that most mobile device trade-in services don’t offer secure data erasure or data liability—they turn to Arrow because we are the trusted and knowledgeable service provider in this space.”

According to Gartner, the majority of end-point data breaches will shift from personal computers to smartphones and tablets by 2017. A recent white paper published by Arrow’s Value Recovery group contends this shift will challenge the remote, application-based mobile-device data-erasure methods predominantly used today—creating enterprise-level data-destruction needs that Arrow’s Value Recovery group is uniquely equipped to address.

Arrow’s Value Recovery business works with its customers to securely refurbish computers, tablets, smartphones and other electronic devices for additional use, or repurpose their still-valuable component parts for other uses. Whenever possible, Arrow emphasizes extending the life of these devices by selling them, redeploying them within organizations or donating them. Arrow has been recognized as a global leader for its Value Recovery work by the independent information technology research and advisory firm Gartner.

Arrow’s expanded Dallas facility will continue to meet the high standards of the company’s global compliance program as well as local, national and international standards for data security and environmental regulations, including the Asset Disposal and Security Alliance (ADISA), the Responsible Recycling Practices (R2), OHSAS 18001 and International Standards Organization 9001 and 14001.

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 56 countries.

Arrow ElectronicsMeghan Macdonald, 303-824-4589mmacdonald@arrow.com

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