Sioux Falls, SD (August 12, 2014)— Raven Industries’ (NASDAQ: RAVN) Applied Technology Division announces Hawkeye™, an innovative pressure-based nozzle control system that provides the most precise and accurate application across the entire sprayer boom, and the entire field.
“Our customers are operating larger equipment in diverse field conditions, all while trying to better maximize and manage their inputs, which has created demand for more innovation in our application control product family,” says Matt Burkhart, Vice President and General Manager of Raven’s Applied Technology Division. “The pressure-based control capabilities of this system give applicators more accurate droplet size and more precise and consistent spray patterns across the board, in addition to drift reduction. The superior quality and simplicity of Hawkeye takes nozzle control systems to the next level.”
Hawkeye will be integrated with the Viper® 4 field computer, as well as other ISObus compatible virtual terminals, giving customers a fully-integrated system with less cab clutter. Hawkeye also comes standard with turn compensation, adding even more precision during sprayer operation as well as individual valve diagnostics, sectional shut-off, and a clean system architecture designed for simple installation and operation. Raven will feature Hawkeye at MAGIE in Bloomington, IL and other upcoming tradeshows. The system will release later this fall. To learn more, stop by a Raven tradeshow booth or go to www.ravenprecision.com.
About Raven Industries, Inc: Since 1956, Raven Industries has designed and manufactured high quality, high-value technical products. Raven is publicly traded on NASDAQ (RAVN) and has earned an international reputation for innovation, product quality, high performance, and unmatched service. Raven’s purpose is to solve great challenges in areas of safety, feeding the world, energy independence, and resource preservation. To realize this purpose, we utilize our strengths in engineering, manufacturing, and technological innovation to serve the precision agriculture, high performance specialty films, aerospace, and situational awareness markets. Visit www.RavenInd.com for more information.
Forward-Looking Statements: This news 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 the 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 that all forward-looking statements be subject to the safe harbor provisions of the Private Securities Litigation Reform Act. Although management believes that the expectations reflected in forward-looking statements are based on reasonable assumptions, there is no assurance these assumptions are correct or that these expectations 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 the inability to achieve objectives established for research and development activities, 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.
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