CORRECTING and REPLACING QAD Automotive Director Terry Onica Will Discuss Risk Assessment Requirements at the 2016 Automotive Industry Action Group (AIAG) Supply Chain Summit June 14, 2016 in Livonia, MI

CORRECTION...by QAD Inc.

SANTA BARBARA, Calif.--()--Please note, the fifth paragraph has been updated.

The corrected release reads:

QAD AUTOMOTIVE DIRECTOR TERRY ONICA WILL DISCUSS RISK ASSESSMENT REQUIREMENTS AT THE 2016 AUTOMOTIVE INDUSTRY ACTION GROUP (AIAG) SUPPLY CHAIN SUMMIT JUNE 14, 2016 IN LIVONIA, MI

QAD Inc. (Nasdaq:QADA) (Nasdaq:QADB) a leading provider of enterprise business software and services for global manufacturing companies, today announced that QAD Automotive Director Terry Onica will lead a session titled Insight Into Automotive Risk Assessment Requirements at the 2016 Automotive Industry Action Group (AIAG) Supply Chain Summit. QAD is also a Platinum sponsor of the event which takes place June 14, 2016, at the Laurel Manor Banquet and Conference Center in Livonia, MI.

Founded in 1982, AIAG is a not-for-profit association whose members work together to streamline automotive industry processes via global standards development and harmonized business practices. The theme of this year’s AIAG Supply Chain Summit is Automotive Supply Chain Risk Management Tools and Best Practices. Attendees will learn about the latest automotive trends and have the opportunity to network with OEMs and suppliers. QAD representatives will be on hand at booth #6 to answer questions about QAD Cloud ERP, QAD Enterprise Applications, and other QAD solutions.

During Insight Into Automotive Risk Assessment Requirements, Onica will provide an overview of the steps organizations should take to meet MMOG/LE v4 and ISO/TS 16949 (due out at the end of this year) compliance requirements. Onica is an active member of the AIAG Supply Chain Steering Committee and co-chair Pro tem of the AIAG/Odette MMOG/LE Work Group. She has been recognized by AIAG and its European counterpart Odette International with awards for driving the development and global adoption of MMOG/LE.

“Global events such as earthquakes, strikes, material shortages and fires continue to cause major supply chain disruptions,” says Onica. “With supply chains becoming longer, global and more complex, the industry must take steps to be more proactive and prepared. Current and upcoming industry requirements for managing quality and delivery can provide guidance to ensure the supply chain has the proper plans in place to actively avoid or minimize risk.”

In addition to Onica, the 2016 AIAG Supply Chain Summit agenda features speakers from leading companies including PwC, General Motors Company, and Ford Motor Company. Presentations will explore topics including privacy, data security, risk requirements and cyber security. April Dines, Corporate Senior Quality Engineer at Cascade Engineering, a QAD customer, will present during the Expectations for Assessing Risk Between Tier 1 and Sub Tiers session.

About QAD – The Effective Enterprise

QAD Inc. (Nasdaq:QADA) (Nasdaq:QADB) is a leading provider of enterprise software and services designed for global manufacturing companies. For more than 35 years, QAD has provided global manufacturing companies with QAD Enterprise Applications, an enterprise resource planning (ERP) system that supports operational requirements, including financials, manufacturing, demand and supply chain planning, customer management, business intelligence and business process management. QAD Enterprise Applications is offered in flexible deployment models in the cloud, on-premise, or in a blended environment. With QAD, customers and partners in the automotive, consumer products, food and beverage, high technology, industrial products and life sciences industries can better align daily operations with their strategic goals to meet their vision of becoming more Effective Enterprises.

For more information about QAD, call +1 805-566-6000, visit 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.

About AIAG

The Automotive Industry Action Group is a unique not-for-profit organization where OEMs, suppliers, service providers, government entities, and individuals in academia have worked collaboratively for more than 30 years to drive down costs and complexity from the supply chain. AIAG membership includes preeminent manufacturers and many of their parts suppliers and service providers. Visit www.aiag.org.

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, including, but not limited to, statements regarding projections of revenue, income and loss, capital expenditures, plans and objectives of management regarding the Company’s business, future economic performance or any of the assumptions underlying or relating to any of the foregoing. Forward-looking statements are based on the company’s current expectations. Words such as “expects,” “believes,” “anticipates,” “could,” “will likely result,” “estimates,” “intends,” “may,” “projects,” “should,” “would,” “might,” “plan” and variations of these words and similar expressions are intended to identify these forward-looking statements. 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: risks associated with our cloud service offerings, such as defects and disruptions in our services, our ability to properly manage our cloud service offerings, our reliance on third-party hosting and other service providers, and our exposure to liability and loss from security breaches; demand for the company's products, including cloud service, licenses, services and maintenance; pressure to make concessions on our pricing and changes in our pricing models; protection of our intellectual property; dependence on third-party suppliers and other third-party relationships, such as sales, services and marketing channels; changes in our revenue, earnings, operating expenses and margins; the reliability of our financial forecasts and estimates of the costs and benefits of transactions; the ability to leverage changes in technology; defects in our software products and services; third-party opinions about the company; competition in our industry; the ability to recruit and retain key personnel; delays in sales; timely and effective integration of newly acquired businesses; economic conditions in our vertical markets and worldwide; exchange rate fluctuations; and the global political environment. For a more detailed description of the risk factors associated with the company and factors that may affect our forward-looking statements, please refer to the company's latest Annual Report on Form 10-K and, in particular, the section entitled “Risk Factors” therein, and in other periodic reports the company files with the Securities and Exchange Commission thereafter. Management does not undertake to update these forward-looking statements except as required by law.

Contacts

QAD Inc.
Analyst Relations
Evan Quinn, 617-869-7335
industryanalyst@qad.com
or
Public Relations
Scott Matulis, 818-451-8918
publicrelations@qad.com

Release Summary

QAD Automotive Director Terry Onica will lead a session titled Insight Into Automotive Risk Assessment Requirements at the 2016 Automotive Industry Action Group (AIAG) Supply Chain Summit.

Contacts

QAD Inc.
Analyst Relations
Evan Quinn, 617-869-7335
industryanalyst@qad.com
or
Public Relations
Scott Matulis, 818-451-8918
publicrelations@qad.com