SOURCE: Raven Industries

Raven Industries

June 09, 2009 12:45 ET

Raven and Seed Hawk Announce Collaboration Agreement

SIOUX FALLS, SD--(Marketwire - June 9, 2009) - Raven Industries, Inc. (NASDAQ: RAVN) and Seed Hawk, Inc. are excited to announce their collaboration agreement for developing innovative solutions intended to enhance air-seeder technology. Beginning this fall, a new set of Raven precision application and planter section controls will be offered on the Seed Hawk line of seeders to control multiple functions from a single field computer, the Raven Viper Pro.

The first of these solutions combines fertilizer and seed section control from Raven with patent-pending seeder technology from Seed Hawk. Known as Sectional Control Technology™, this system will virtually eliminate costly seed and fertilizer overlaps automatically for the customer.

"By working together, our two companies can provide seeding solutions faster and more effectively," says Pat Beaujot, President of Seed Hawk. "We can take advantage of expertise and existing products from both companies and offer better products that deliver significant value to our customers."

Matt Burkhart, General Manager of Applied Technology Division at Raven Industries, adds, "This new collaboration further demonstrates Raven's commitment to expand its product line into seeding and planting applications."

This system will be offered through Seed Hawk dealers starting this fall, and both companies plan to offer more solutions in the future. "With a good working agreement in place, our companies can share ideas freely, which will lead to faster solutions," Beaujot explains.

About Raven Industries

Since 1978, Raven has helped define the concept of precision agriculture -- and continues to create ground-breaking ideas and products that improve the position of growers around the world. Raven is publicly traded on NASDAQ (RAVN) and has earned an international reputation for agricultural innovation, product reliability and unmatched service and support. From field computers to boom controls, from GPS guidance to steering systems, Raven leads the way for precision ag technology. In partnership with our network of Raven dealers and distributors, we're helping growers of all sizes work smarter, reduce input costs and increase yields and profitability. Success in farming has always been about using less and getting more. With Raven, you can simply do it better.

About Seed Hawk

Seed Hawk was established in 1992 to develop a drill that seeds, bands fertilizer and packs in a one pass, with minimum tillage operation. Innovation has become key to Seed Hawk's success with introduction of the world's largest toolbar in 2007, the world's largest air tank in 2006 and a world first -- SCT in 2008. Employing 75 full time staff, Seed Hawk operates out of a 55,000 square foot manufacturing and office facility two miles north of Langbank, Saskatchewan. Seed Hawk's mission is to provide the most grower-profitable precision-seeding solutions for the global market.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding expectations, beliefs, intentions or strategies regarding the future. Without limiting the foregoing, the words, "anticipates," "believes," "expects," "intends," "may," "plans," and similar expressions are intended to identify forward-looking statements. The company intends all forward-looking statements be subject to the safe harbor provisions of the Private Securities Litigation Reform Act. Although management believes expectations reflected in forward-looking statements are based on reasonable assumptions, there is no assurance these assumptions are correct or will be achieved. Assumptions involve important risks and uncertainties that could significantly affect results in the future. These risks and uncertainties include, but are not limited to, those relating to weather conditions, which could affect some of the company's primary markets, such as agriculture and construction; or changes in competition, raw material availability, technology or relationships with the company's largest customers -- any of which could adversely affect any of the company's product lines, as well as other risks described in Raven's 10-K under Item 1A. This list is not exhaustive, and the company does not have an obligation to revise any forward-looking statements to reflect events or circumstances after the date these statements are made.

Contact Information