Customers Adopt QAD MFG/PRO eB2 Suite at Rapid Rate; Rich Functionality, Customer-Driven Features Make eB2 QAD's Most Successful MFG/PRO Release To Date.Business Editors/High-Tech Writers CARPINTERIA, Calif.--(BUSINESS WIRE)--March 17, 2003 QAD QAD Quality Assurance Division QAD Quality Assurance Department QAD Quick And Dirty QAD Quality Audit Division QAD Quick Attach/Detach QAD Question Answer Detail (language arts education) QAD Quality Application Development (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : QADI), a leading provider of collaborative commerce solutions for global manufacturers, today announced that customer adoption of MFG/PRO eB2, the company's Web-enabled suite of enterprise applications, is occurring at a more rapid rate than any prior release of MFG/PRO. More than 230 customers have bought or upgraded to MFG/PRO eB2 in the first 150 days of its availability. Released September 2002, MFG/PRO eB2 incorporates more than two dozen important new functions and enhancements specifically designed in collaboration with QAD's manufacturing customers to help address their specific needs. New customers such as leading U.S. luxury jewelry brand David Yurman David Yurman (born 1942) is the founder of the David Yurman jewelry company. His signature jewelry line is comprised of "cable" jewelry, made from twisted sterling silver ropes. Yurman established his company in 1979. , diversified industrial manufacturer Handy & Harman and food manufacturer Haddon House have purchased or initiated deployment. Existing customers including Nichols Aluminum, G L Bowron, Grampian and Dakota Growers are upgrading to MFG/PRO eB2, implementing the solution at additional sites. QAD customers comprise fully one-third of global manufacturing. "The incredible response to MFG/PRO eB2 validates our effort to provide manufacturers with the enterprise applications that help them thrive in a fast-changing business environment," said Pamela Lopker, QAD president and chairman of the board. "QAD solutions incorporate 23 years' experience with global manufacturers and the best thinking in manufacturing theory, shaped by input from our customers, who are the true experts on today's manufacturing challenges." Customers have quickly embraced the features and enhancements introduced in MFG/PRO eB2. New application functions address lean manufacturing for greater responsiveness to customers; efficient collaboration; service/support management (SSM SSM abbr. surface-to-surface missile ) for more customized contracts; streamlined international financials and profitability analysis; and a desktop interface that provides even greater ease of use and minimizes user training. "QAD's work with its customers shows a commitment to identifying real business problems and delivering industry-specific solutions for manufacturers," said Jeffrey Strang, director of information technology, Dakota Growers Pasta Company. "Our MFG/PRO eB2 implementation has been headache free -- its flexibility enables you to implement smaller, incremental projects or the entire suite at once." To maximize its interoperability with legacy systems and minimize cost of ownership, the MFG/PRO eB2 suite is built on an open, standards-based architecture including Open Applications Group Integration Specification (OAGIS OAGIS Open Applications Group Integration Specification OAGIS Office for Applied Geographic Information Systems ) messaging conventions, Business Object Documents (BODs) and XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. . QAD industry user groups specified additional features to address manufacturers' real-world needs and various production environments in the automotive, food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. , consumer packaged goods, medical devices, industrial products, and electronics sectors. About QAD QAD delivers value through collaborative commerce for manufacturers, empowering enterprises to integrate diverse business processes and increase profitability. Manufacturers of automotive, food and beverage, consumer, electronics, industrial and medical products use QAD applications at approximately 5,200 licensed sites in more than 80 countries and in as many as 26 languages. For more information about QAD, telephone +1 805 684 6614, or visit the QAD Web site at: www.qad.com. To receive any of QAD's press releases via facsimile, contact +1 800 356 0747, or outside the U.S. contact +1 213 253 5647. "QAD" and "MFG/PRO" are registered trademarks of QAD Inc. All other products or company names herein may be trademarks of their respective owners. Note to Investors: This press release contains certain forward-looking statements made under the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 publication of opinions by industry analysts about the company, its products and technology; the reliability of estimates of transaction and integration costs and benefits; difficulties relating to integration of a new business; 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 Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. , pricing, timing of new product releases, the method of product distribution or product mix; and general economic factors. In addition, revenue and earnings in the enterprise resource planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. (ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. ), e-business and collaborative commerce software industries are subject to fluctuations. 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 Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended January 31, 2002. |
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