TVH Parts Selects QAD Precision Transportation Execution Software

SANTA BARBARA, April 10, 2019 /PRNewswire/ -- QAD Precision, an industry-leading provider of global trade management and transportation execution software, has announced that TVH Parts has selected the QAD Precision Transportation Execution solution across all their operations. QAD Precision is a division of QAD Inc. (NASDAQ: QADA) (NASDAQ: QADB)

TVH Parts, one of two TVH Group business units, is a global business operating from 65 sites and headquartered in Waregem, Belgium. The company supplies material handling, industrial equipment and agricultural equipment parts. TVH Parts operates in 172 countries and has more than 25,000 customers.

QAD Precision Transportation Execution is live at TVH Parts facilities in the United States and Canada. The solution is also currently deployed at TVH Russia, TVH Australia, TVH New Zealand and TVH Mexico. Integrating to the TVH ERP solution, QAD Precision Cloud solution seamlessly connects TVH distribution operations to global and regional carrier networks, thereby simplifying the shipping process and reducing the complexity associated with carrier connectivity.

Further deployments at TVH Parts' facilities in Asia, Africa and Europe are scheduled to take place in the upcoming months. In addition, the company will roll out QAD Precision Transportation Execution at their tractor parts company, Bepco Group, with the first go-live planned for Bepco Parts in Belgium in 2019.

"It is our intention to roll out QAD Precision throughout the entire TVH Group of companies, which will allow us to print transport labels via QAD Precision for more than 2 million shipments per year," said Herbert Sercu, corporate traffic manager, TVH Parts.

"We welcome our partnership with TVH Parts. On-time delivery is mission-critical for TVH Parts and we look forward to supporting their global operations for many years to come," said QAD Precision President Steve Gardner.

About TVH Parts

TVH Parts is a part of the TVH Group. Originally known as Thermote & Vanhalst, the TVH Group was founded in 1963 by Paul Thermote & Paul Vanhalst as an agricultural machines and forklifts repair business. One of the group's two business units, TVH Parts, supplies material handling, industrial equipment and agricultural equipment parts. TVH Parts sells in 172 countries and has more than 25,000 customers. The company makes shipments by road, air and sea and 95 percent of all orders are for next-day delivery.

About QAD Precision – Trusted Global Trade and Transportation Execution

QAD Precision (NASDAQ: QADA) (NASDAQ: QADB), provides industry-leading global trade management, transportation execution and multi carrier shipping software solutions from a single, integrated platform. Preeminent industry leaders in every region of the world rely on QAD Precision's global support centers to leverage thousands of carriers and manage millions of shipping transactions every day. Our open architecture easily integrates with Enterprise Resource Planning, Warehouse Management Systems and legacy solutions. An ISO-certified company, QAD Precision assists companies to minimize shipping costs, optimize first mile and last mile deliveries, automate free trade agreement compliance, avoid customs delays and mitigate the risks associated with dynamic trading environments to maximize their competitive advantage. QAD Precision customers span multiple industries including banking and finance, life sciences, high technology, retail, industrial, automotive, higher education and public sector as well as logistics providers. For more information about QAD Precision, visit www.precisionsoftware.com or email [email protected].

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 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 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 Precision
David Yonkof
[email protected]
419-450-6683

QAD Inc.
Scott Matulis
Public Relations
818-451-8918
[email protected]

or

Evan Quinn
Analyst Relations
617-869-7335
[email protected]

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.

SOURCE QAD Inc.

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