QAD Announces Project Upgrade Technology Grant Recipients

SANTA BARBARA, Calif., May 22, 2018 /PRNewswire/ -- QAD Inc. (Nasdaq: QADA) (Nasdaq: QADB), a leading provider of flexible, cloud-based enterprise software and services for global manufacturing companies, today announced the recipients of its annual Project Upgrade technology grant. Each year, QAD coordinates with the Santa Barbara County Education Office to award Project Upgrade funds to selected local schools for technology upgrade projects.

"QAD has championed local technology improvement through Project Upgrade since 2005," said QAD President and Chairman, Pam Lopker. "Santa Barbara has a vibrant and growing tech community and as part of that community, QAD competes for local talent and recognizes that it has an important part to play in developing that talent. Through Project Upgrade, we can play our part, assisting local schools to obtain the latest technology, and developing leaders who might someday spend their career doing great things at QAD."

2018 Project Upgrade Award Recipients

Cold Spring School, Santa Barbara, CA

QAD selected Cold Spring School as the primary recipient of this year's Project Upgrade technology grant. Cold Spring School, a recognized leader in technology curriculum, acknowledges the rapid advance of new technologies and is committed to improving computer literacy skills for all students. Most recently, science, technology, engineering, art and math (STEAM) teacher Jean Gradias received the 2017 Santa Barbara North County Teacher of the Year award for her outstanding teaching and leadership in the field of technology. Funds from the Project Upgrade grant will be used to purchase a laser cut printer needed to implement the Design curriculum where students learn programming, engineering, producing and assembling. QAD is proud to support Cold Spring School in its ongoing efforts to expand the technical skills of its students.   

La Colina Junior High, Santa Barbara, CA

QAD awarded an additional Project Upgrade technology grant to La Colina Junior High School. La Colina Junior High School's vision for integrating technology is rooted in the International Society for Technology in Education Standards for Students, which in part, aims "to empower students and to develop computational thinkers and innovative designers." La Colina teacher Amy Woods will use the Project Upgrade award to expand their current Makerspace and coding elective, and Makerspace club by purchasing robots that students will build and program using modern programming concepts. 

About QAD – The Effective Enterprise

QAD Inc. (Nasdaq: QADA) (Nasdaq: QADB) is a leading provider of flexible, cloud-based enterprise software and services for global manufacturing companies. QAD Cloud ERP for manufacturing supports operational requirements in the areas of financials, customer management, supply chain, manufacturing, service and support, analytics, business process management and integration. QAD's portfolio includes related solutions for quality management software, supply chain management software, transportation and global trade management software and B2B interoperability. Since 1979, QAD solutions have enabled customers in the automotive, consumer products, food and beverage, high tech, industrial manufacturing and life sciences industries to better align operations with their strategic goals to become Effective Enterprises.

To learn more, visit https://www.qad.com or call +1 805-566-6000.

"QAD" is a registered trademark of QAD Inc. All other products or company names herein may be trademarks of their respective owners.

Contacts:

QAD Inc.
Scott Matulis
Public Relations
818-451-8918
publicrelations@qad.com

or

Evan Quinn
Analyst Relations
617-869-7335
industryanalyst@qad.com

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.

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SOURCE QAD Inc.