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|RENOLIT Group Upgrades Nine Facilities to QAD Enterprise Applications 2016|
RENOLIT thermoplastic films give furniture, building components and consumer electronics a decorative surface finish, seal roofs and underground structures and line swimming pools. The company also produces films and tubes for medical applications and recyclable composite panels incorporating natural fibers for the building sector and automotive industry. It is a family-owned business that has been setting benchmarks for quality and innovation for over 70 years. It employs approximately 4,500 employees at more than 30 production sites and sales entities in
RENOLIT began using QAD's ERP solution in 2006 when it acquired the industrial films division of QAD customer Solvay, a Belgian-based chemical company. Although the rest of its facilities used another ERP solution, RENOLIT continued to use QAD for its new industrial films business unit. RENOLIT'S corporate policy mandates staying as current as possible with its software applications so the company committed to upgrading that business unit to QAD Enterprise Applications 2016.
First to go live were sites in
"With the limited budget and IT personnel we were able to employ, it is remarkable that we were able to update seven sites in only five months," said RENOLIT CIO
RENOLIT plans to implement additional facilities in
"We are always happy when a longtime customer stays up to date with our software," said QAD Senior Vice President of
About the RENOLIT GROUP
About QAD – The Effective Enterprise
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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
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