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|Precision Software Joins the Blockchain in Transport Alliance|
"We are excited to be part of BiTA alongside other global industry leaders in transportation, logistics and supply chain. The shared knowledge will enhance our collective interaction with customers and partners," said Precision Software President,
Precision Software believes blockchain will revolutionize the freight industry. The development of BiTA standards will offer greater insights, visibility and efficiencies across all areas of transportation. Some areas BiTA standards will address include:
"Joining this alliance supports Precision Software's mission to continuously improve and transform systems that automate the efficient movement of goods and simplify global cross-border trade," added Gardner.
About the Blockchain in
BiTA was formed in
About Precision Software – Trusted Global Trade and Transportation Execution
Precision Software, a division of
About QAD – The Effective Enterprise
To learn more, visit http://www.qad.com or call +1 805-566-6000.
"QAD" is a registered trademark of
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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