SANTA BARBARA, Calif.—October 11, 2011—QAD Inc. (NASDAQ: QADA) (NASDAQ: QADB), a leading provider of enterprise software and services for global manufacturing companies, today announced plans to sponsor the Original Equipment Suppliers Association (OESA) 2011 Outlook Conference titled “Picking up Speed: Driving Growth and Profitability”, being held on November 7, 2011 in Detroit, Michigan.
As a member of OESA and a software provider for automotive manufacturers, QAD understands that companies are concerned whether the automotive resurgence in 2011 and predicted growth in 2012 can be sustained, given other events such as the financial crisis in Europe, U.S. debt concerns, and natural disasters in Japan and the U.S. OESA will address these issues and other related topics with its notable line-up of industry speakers, including senior and C-level executives from automotive manufacturing companies, original equipment (OE) suppliers, financial firms and consultancies.
Michigan Governor Rick Snyder will open the conference with the keynote address. William Clay Ford, Jr., executive chairman, Ford Motor Company, will provide the luncheon keynote speech. Executives from leading OEMs including Fiat, Nissan, and Toyota will also present.
As a conference sponsor, QAD will update senior executives from leading automotive suppliers on QAD’s initiatives and share how customers are aligning their business processes with their strategic goals to address industry concerns, while driving down costs and improving efficiencies.
“We are very excited to participate in this event,” said Lisa Pope, senior vice president, North America, for QAD. “The OESA conference provides a valued forum for the automotive supplier base to address the industry's most pressing issues and challenges, and aligns perfectly with QAD’s vision to help companies become more effective enterprises.”
QAD has been developing software solutions and collaborating with market-leading customers at all tiers in the automotive supply chain since 1992. QAD is the only ERP vendor on the Materials Management Operations Guidelines/Logistics Evaluation (MMOG/LE) standards committee. As the designated training provider for MMOG/LE for the Automotive Industry Action Group (AIAG) and its European counterpart Odette, QAD provides MMOG/LE training in more than 20 countries throughout Asia Pacific and Central and Eastern Europe.
Visit QAD’s Automotive Industry page to learn more.
Headquartered in Troy, MI, the Original Equipment Suppliers Association’s (OESA) mission is to advance the business interests of automotive OE suppliers by providing forums to address issues of common concern, serving as a resource for industry information and analysis, promoting the interests of the OE supplier community, and serving as a voice and positive change agent for the industry. For more information, visit www.oesa.org.
QAD is a leading provider of enterprise applications for global manufacturing companies specializing in automotive, consumer products, electronics, food and beverage, industrial and life science products. QAD applications provide critical functionality for managing manufacturing resources and operations within and beyond the enterprise, enabling global manufacturers to collaborate with their customers, suppliers and partners to make and deliver the right product, at the right cost and at the right time. For more information about QAD, telephone +1 805-566-6000, or visit the QAD web site at www.qad.com.
Note to Investors: This press release contains certain forward-looking statements made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Words such as “expects,” “believes,” “anticipates,” “could,” “will likely result,” “estimates,” “intends,” “may,” “projects,” “should,” and variations of these words and similar expressions are intended to identify these forward looking statements. Forward looking statements are based on the company’s current expectations and assumptions regarding its business, the economy and future conditions. A number of risks and uncertainties could cause actual results to differ materially from those in the forward-looking statements. These risks include, but are not limited to, evolving demand for the company's software products and products that operate with the company's products; the company's ability to sustain license and service demand; the company's ability to leverage changes in technology; the company's ability to sustain customer renewal rates at curren levels; the publication of opinions by industry and financial analysts about the company, its products and technology; the reliability of estimates of transaction and integration costs and benefits; the entry of new competitors or new offerings by existing competitors and the associated announcement of new products and technological advances by them; delays in localizing the company's products for new or existing markets; the ability to recruit and retain key personnel; delays in sales as a result of lengthy sales cycles; changes in operating expenses, pricing, timing of new product releases, the method of product distribution or product mix; timely and effective integration of newly acquired businesses; general economic conditions; exchange rate fluctuations; and, the global political environment. In addition, revenue and earnings in the enterprise resource planning (ERP) software industry are subject to fluctuations. Software license revenue, in particular, is subject to variability with a significant prop tion of revenue earned in the last month of each quarter. Given the high margins associated with license revenue, modest fluctuations can have a substantial impact on net income. Investors should not use any one quarter's results as a benchmark for future performance. For a more detailed description of the risk factors associated with the company and the industries in which it operates, please refer to the company's Annual Report on Form 10-K for fiscal 2011 ended January 31, 2011, and in particular, the section entitled “Risk Factors” therein, and in other periodic reports the company files with the Securities and Exchange Commission.