Pearl Stream Deploys QAD Enterprise Applications In Poland

Electronics Components Manufacturer Relies on QAD’s Manufacturing ERP Focus to Help Launch New Plant
 
Sept. 29, 2011 - PRLog -- QAD Inc. (NASDAQ- QADA, QADB), a leading provider of enterprise software and services for global manufacturing companies, announced today that Pearl Stream, an electronics components manufacturer, has implemented QAD Enterprise Applications to support its new plant rollout in Strzelce Opolskie, Poland.

Pearl Stream was founded in early 2011. Last April, the plant began production of injected and mounted electronics components used in televisions, home appliances, and the automotive market. It manufactures sub-assemblies for the housings of televisions and monitors for its largest customer LG Electronics.

Pearl Stream’s new plant manufactures more than 10,000 components per day. To support its aggressive production targets, Pearl Stream needed to fully automate its business and manufacturing processes and selected QAD Enterprise Applications for its scalability, rapid deployment capabilities and strong manufacturing focus.

“We had only four months to build a factory and start production. Selecting the right ERP provider was critical to minimizing our risk and maximizing our workflow, quickly,” explained Krzysztof Jarzyna, plant manager at Pearl Stream. “QAD Enterprise Applications meets our expectations perfectly. It is a transparent and easy-to-use system. We are convinced it will contribute to the success and further development of our company.”

Pearl Stream immediately began implementing QAD Enterprise Applications as part of its two-phased deployment strategy. Phase-one included launching QAD modules that would support its business and management processes, including purchasing, finance, inventory management and distribution. The company completed phase-two in mid-July 2011 with the deployment of QAD Manufacturing and is now well positioned to ramp up production and initiate its Lean objectives.

About Pearl Stream
Pearl Stream is a German-Korean owned company which opened its first factory in April 2011 in Strzelce-Opolskie, Poland. It plans to invest 30 million PLN (over 7 million EUR) within three years. The plant will produces electrical components mainly for electronics industry - the most significant customers will be companies grouped within LG Cluster in Kobierzyce in the Special Economic Zone of Wałbrzych.

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 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.

"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. 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 2011 ended January 31, 2011.

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Founded in 1979, QAD has been recognized as a leading provider of enterprise resource planning (ERP) software applications for global manufacturing companies. Today, QAD enterprise applications leverage advances in Internet and enabling technologies to 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.

QAD enterprise applications are focused and optimized for select manufacturing industry segments: automotive, consumer products, electronics, food and beverage, industrial and life sciences.
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