QAD Inc . (NASDAQ:QADA) (NASDAQ:QADB), a leading provider of enterprise software and services for global manufacturing companies, today announced Harada Industry of America Inc., a leading manufacturer of automotive antennae, is upgrading to the latest edition of QAD Enterprise Applications . The world-class antennae supplier to many of the world’s leading car manufacturers engaged QAD to help assess the best path for future systems. QAD conducted a QAD Q-Scan, a proprietary focused services engagement aimed at streamlining systems analysis and delivering rapid and actionable outcomes. The QAD Q-Scan delivered a recommended path and clear plan for Harada to upgrade to the latest version of QAD Enterprise Applications. Upgrading to QAD Enterprise Applications Enhances Productivity “We are embracing lean philosophies in our business processes and methodologies at Harada. Following the QAD Q-Scan, we determined an effective enterprise resource planning systems upgrade path to help support this,” said Israel Cruzado, vice president and chief administrative officer at Harada. “With QAD Enterprise Applications, compliance with local and global regulations is simplified and well managed. The intuitive user interface reduces required training for current and future team members; and business users can process transactions faster and with greater accuracy.” “Upgrading an enterprise resource planning system is an important decision,” said Anton Chilton, senior vice president, Global Services at QAD. “We’ve developed QAD Q-Scans as part of our overall customer-engagement program to help customers efficiently assess and effectively prioritize the best path to meet their evolving business needs.” QAD provides innovative software and solutions for global manufacturing companies like Harada. Solutions and services from QAD offer customers a future where business processes operate at peak efficiency and align perfectly with strategic goals. For more information about QAD solutions and services, please visit: www.qad.com. About Harada Harada is a world leader in the field of Automotive Antenna Systems since 1947. In the fast moving world of the automotive industry, Harada gives its customers a clear advantage in Technology, Performance, Cost, Quality & Delivery. Harada designs, manufactures and supplies antenna systems for many of the major automotive original equipment manufacturers throughout the world.
Harada implemented a Global Network with three primary functions required for a global business — Sales, Production, and R&D — with strategically located facilities to grasp the current needs and trends within all the major automobile markets in the entire world.In 1976, Harada founded its U.S. subsidiary, Harada Industry of America Inc., to meet the growing needs of the U.S. and North American Market. As a key member of the Harada Global Network, the U.S. Harada facility understands and swiftly responds to its customers' needs for products and added-value services. They supply the expansive North American automotive markets with state-of-the-art technological products developed from its leading edge innovation, and is unsurpassed in its developmental capabilities – coupled with leveraging their global Sales, Production and R&D facilities and capabilities. For more information, visit www.harada.com. About QAD QAD is a leading provider of enterprise applications for global manufacturing companies specializing in automotive, consumer products, electronics, food and beverage, industrial and life sciences 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. “QAD” is a registered trademark 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" 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 current 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 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 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 2012 ended January 31, 2012, and in particular, the section entitled “Risk Factors” therein, and in other periodic reports the company files with the Securities and Exchange Commission.