Arrow Electronics and Freelancer.com Launch World’s Largest Electronics & Electrical Engineering Services Marketplace, Revolutionizing How Hardware Products Get Designed & Manufactured

CENTENNIAL, Colo. & SYDNEY–(BUSINESS WIRE)–Arrow Electronics, Inc. (NYSE:ARW), a Fortune 500 leading technology
solutions and engineering provider, and Freelancer.com
(ASX:FLN), the world’s largest freelancing and crowdsourcing marketplace
by number of users, today announced the launch of ArrowPlus
powered by Freelancer.com
.

The new platform allows Fortune 500 companies and innovative technology
creators to design and build hardware products through access to over
half a million skilled electronic and electrical engineers. ArrowPlus
powered by Freelancer will transform the way products will be designed,
manufactured and delivered to market. On-demand engineering from
ArrowPlus and Freelancer will catalyze a step change in research and
development, cutting times from years to months through access to a
global network of highly diverse technical skills and reduce cost to
market. Now next year’s “new products” for CES Las Vegas are just a
click away.

Arrow Electronics guides innovation for over 200,000 leading technology
manufacturers and service providers. With 2018 sales of $30 billion
ranking #113 in the 2018 Fortune 500, Arrow brings to the collaboration
a large volume of high-quality, high-value projects, from established
companies with a real demand for innovation and talent. Arrow has built
a proprietary Certified Engineering network which has been a key
differentiator in helping its customers win with technology. This new
platform is designed to solve sophisticated technology problems spanning
consumer electronics, transportation, healthcare, industrial, Internet
of Things (IoT), telecommunications, biomedical, cloud security,
firmware, hardware, and connected products in every industry.

Freelancer.com is the world’s largest freelancing and crowdsourcing
marketplace with more than 32 million users around the world and over 15
million jobs posted in over 1,350 skill areas. Freelancer.com is used by
companies from startups to global giants. Freelancer.com brings to the
collaboration the platform and the world’s best expertise in running
global online services marketplaces, allowing Arrow to transform its
services business into a dynamic, connected talent cloud.

Together, the exclusive strategic alliance is a category definer for how
hardware products are designed and electronics & electrical engineering
services are delivered.

Businesses that need technology help from concept to scale can leverage
ArrowPlus powered by Freelancer to find highly qualified experts,
utilize Arrow technology concierge services that ensure project success,
and go to market faster and more cost effectively.

The full lifecycle of hardware product development can be accomplished
through ArrowPlus powered by Freelancer including, but not limited to:

  • Ideation & prototyping
  • Analog & digital design
  • Printed circuit board design
  • Bill of Materials (BOM) part selection
  • Custom requirements to product delivery
  • Component consolidation and cost reduction
  • Redesign for smaller size
  • Documentation & translation
  • Development of firmware, drivers and middleware
  • Real-time embedded software development
  • Integrated circuit design
  • Manufacturing

“This breakthrough strategic alliance with Arrow Electronics represents
the first launch of Freelancer Enterprise. We are absolutely delighted
that Arrow chose to team with Freelancer.com on this landmark
initiative,” said Freelancer.com CEO and Chairman Matt Barrie.
“Freelancer.com is the number-one marketplace for talent and skilled
workers. We have seen increasing demand to solve difficult and complex
technology problems from larger organizations. For example, NASA and the
United States Department of Energy are using Freelancer.com to
crowdsource technology solutions. We are excited to form an exclusive
alliance with the most trusted guide in technology creation, Arrow
Electronics, to break down barriers for larger companies with more
complex needs to utilize our platform to accelerate technology.”

“ArrowPlus brings the serious know-how of Arrow’s 80 years of
engineering, tools, technology, and services into the platform economy
with Freelancer. Arrow has become one of the world’s largest technology
solutions companies in the last five years and beyond our own
engineering we have built a proprietary network of certified 3rd party
Arrow Certified engineering partners. Our Arrow Certified Engineering
network has worked with marquee Fortune 500 clients to make products and
technology,” said Arrow’s Chief Digital Officer Matt Anderson. “We
anticipate in the future that up to 30% of R&D spend could leverage a
model where Arrow provides a technical concierge and project management
to a vast network of high-end engineering talent. The products and
services Arrow has helped design are helping people every day from
paraplegic veterans regaining their sense of freedom and independence to
mothers in undeveloped regions of the world giving birth more safely. If
you are a company that wants to build a product, there is no better way
to get started than with Arrow and Freelancer.”

About Arrow Electronics

Arrow Electronics (NYSE:ARW) guides innovation forward for over 200,000
leading technology manufacturers and service providers. With 2018 sales
of $30 billion, Arrow develops technology solutions that improve
business and daily life.

Learn more at FiveYearsOut.com.

About Freelancer®

Eleven-time Webby award-winning Freelancer.com (ASX:FLN) is the world’s
largest freelancing and crowdsourcing marketplace by total number of
users and projects posted. More than 32 million registered users have
posted over 15 million projects and contests to date in over 1,350 areas
as diverse as website development, logo design, marketing, copywriting,
astrophysics, aerospace engineering and manufacturing. Freelancer owns Escrow.com,
the leading provider of secure online payments and online transaction
management for consumers and businesses on the Internet with over US$4
billion in transactions secured. Freelancer also owns Freightlancer,
a global enterprise freight marketplace.

Forward-looking statements

This document contains certain “forward-looking statements”. The words
“anticipate”, “believe”, “expect”, “project”, “forecast”, “estimate”,
“outlook”, “upside”, “likely”, “intend”, “should”, “could”, “may”,
“target”, “plan” and other similar expressions are intended to identify
forward-looking statements. Indications of, and guidance on, future
earnings and financial position and performance, including Freelancer’s
FY19 outlook, are also forward-looking statements, as are statements
regarding Freelancer’s plans and strategies and the development of the
market. Such forward-looking statements are not guarantees of future
performance and involve known and unknown risks, uncertainties and other
factors, many of which are beyond the control of Freelancer, which may
cause actual results to differ materially from those expressed or
implied in such statements. Freelancer cannot give any assurance or
guarantee that the assumptions upon which management based its
forward-looking statements will prove to be correct or exhaustive beyond
the date of its making, or that Freelancer’s business and operations
will not be affected by other factors not currently foreseeable by
management or beyond its control. Such forward-looking statements only
speak as at the date of this announcement and Freelancer assumes no
obligation to update such information. The release, publication or
distribution of this document in jurisdictions outside Australia may be
restricted by law. Any failure to comply with such restrictions may
constitute a violation of applicable securities laws.

Contacts

TO INTERVIEW FREELANCER.COM CEO & CHAIRMAN MATT BARRIE CONTACT:

Sebastián
Siseles

Vice President, International
Freelancer.com
sebastian@freelancer.com
+1
415 801 2271

TO INTERVIEW ARROW CHIEF DIGITAL OFFICER &
PRESIDENT MATT ANDERSON CONTACT:

John Hourigan
Vice
President, Communications
Arrow Electronics, Inc.
jhourigan@arrow.com

Visit:
https://freelancer.arrow.com