Raven Industries Announces Strategic Platforms For Exceptional Growth

Raven Autonomy™ to Deliver Autonomous Solutions For AgricultureSIOUX FALLS, S.D., Nov. 06, 2019 (GLOBE NEWSWIRE) — Raven Industries, Inc. (the Company; NASDAQ: RAVN) recently announced details of its strategic plan, which include a significantly increased level of investment in targeted areas in order to drive greater earnings growth and long-term value. Over the next several years, the Company will advance two strategic platforms for growth: Raven Autonomy™ and Raven Composites™.“The strength of our market positions and technology offerings has never been greater than it is today,” said Dan Rykhus, Chief Executive Officer and President of Raven Industries. “Now is the time to leverage our positions in these expanding markets in order to drive significant growth in company performance over the long-term — and we couldn’t be more excited for the opportunities in front of us.”These two strategic growth platforms are a result of the development and growth in these key markets and directly align with the Company’s business model, which is to serve market segments with strong growth prospects. Autonomous agriculture technology is expected to develop rapidly over the next five years. Additionally, the composites market is expected to expand significantly as the need for these materials increases across several applications.Raven Autonomy™ is a strategic growth platform which will propel its Applied Technology Division to become the industry leader in autonomous agricultural solutions. This strategic growth platform builds upon our existing machine control technology, while also innovating smart machine platforms/implements to achieve fully autonomous solutions across the farming enterprise.

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.