Comprising some 1,500 automotive suppliers, service providers and OEMs, AIAG's mission is to provide a forum for cooperation and development of solutions that benefit the entire automotive industry. The Corporate Outstanding Achievement Award cites QAD's significant contributions to the development of industry technology standards; its role as a major sponsor of AutoTech, the AIAG's annual conference; its contributions to Actionline, the AIAG magazine; efforts to increase participation and membership in AIAG; and work on its committees. Onica has been honored by AIAG nine times for her continued commitment in leading AIAG teams.
"QAD has worked hard to help AIAG advance the use of technology to benefit the automotive industry on a number of fronts," said Charles J. Koehn, acting executive director of AIAG. "They demonstrate an ongoing willingness to examine their own products for ways to enhance them in support of AIAG initiatives, and they strongly support the personal involvement of their executives in AIAG initiatives. We're pleased to honor QAD's corporate and individual contributions to industry momentum."
Lopker and QAD Chief Technology Officer Jim Kirkley initially championed the concepts that gave rise to AIAG's Inventory Visibility & Interoperability (IV&I) initiative, the foundation for a standard to connect every tier of the supply chain. QAD's suggested direction gave rise to a project kickoff with more than 150 registrants, one of the largest in AIAG history. Onica co-chaired the oversight of IV&I business development and protocol development work groups and QAD continues to supply leadership and IT architecture support for the IV&I work groups: The company recently contributed to AIAG its open source code comprising the base IV&I solutions, for free download and use by AIAG members. QAD also has been and remains a strong proponent for collaboration with competitors in this environment. Today, the standard is ready to be adopted by other solution providers in an open forum.
"It's extremely gratifying for QAD's contributions to be recognized by AIAG," said Pamela Lopker, president and founder, QAD. "Perhaps the greatest reward lies in the incredible progress our customers -- including Metaldyne and Lear, who are also being honored with awards -- and the automotive industry have made toward a more efficient and responsive supply chain. For 25 years, QAD has focused exclusively on the real-world challenges global manufacturers face, with the best thinking in manufacturing theory, leading technology, and side-by-side work with our customers to develop powerful solutions the entire supply chain can embrace."
In addition to the AIAG IV&I initiative, QAD has continued to incorporate support into its products for standards such as the Materials Management Operations Guidelines/Logistics Evaluation guideline, making it far easier for suppliers to assess whether they are in compliance. Meanwhile, Onica spends about 30 percent of her time on AIAG initiatives, presently serving as co-chair of the joint AIAG/Odette global collaborative managed inventory business process work group. She is actively involved in the AIAG Materials Management Steering Committee, IV&I business process and IV&I proof-of-concept workgroups, as well.
QAD is a leading provider of enterprise applications for global manufacturing companies. 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. Manufacturers of automotive, consumer products, electronics, food and beverage, industrial and medical products use QAD applications at approximately 5,300 licensed sites in more than 90 countries and in as many as 27 languages. For more information about QAD, telephone 805-684-6614, or visit the QAD Web site at: www.qad.com.
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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. 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 improvements in the IT and economic environment; the company's ability to sustain customer renewal rates at current levels; the publication of opinions by industry analysts about the company, its products and technology; the reliability of estimates of transaction and integration costs and benefits; the entry of new competitors and their technological advances; delays in localizing the company's products for new markets; 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; general economic conditions; exchange rate fluctuations; and the global political environment. In addition, revenue and earnings in the enterprise resource planning (ERP), e-business and distributed order management software industries are subject to fluctuations. Software license revenue, in particular, is subject to variability with a significant proportion 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 growth. 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 2005 ended January 31, 2005.
QAD Inc. Wendy L. Allen, 805-566-6161 Email Contact or Fleishman-Hillard Jamie Leicht, 619-237-7711 Email Contact