SIOUX FALLS, SD -- (Marketwire) -- 09/09/10 -- Raven Industries, Inc. (NASDAQ: RAVN), Jacto Inc. and Raven Industries are excited to announce a strategic partnership in which Raven will be Jacto's precision ag partner for factory-installed components and the precision ag supplier for their global dealer network.
'Jacto and Raven's partnership brings together two of the strongest companies in the application business, and provides a competitive product offering to customers all over the world,' said Matt Burkhart, Vice President and General Manager for Raven Industries, Applied Technology Division. 'They share in our vision of providing comprehensive, simple to use solutions for operators and growers.'
Branded as 'Otmis,' Jacto will be offering Raven precision products including GPS guidance, assisted steering, and automatic section control, with a focus on products that offer customers an attractive return on their investment.
'We are very excited about this partnership. Raven technology reinforces our position in Precision Agriculture, and Jacto has a tradition in building long term relationships. This is a key factor for the creation of innovative solutions for our customers,' said Pedro Estevão Bastos de Oliveira, Jacto New Business Development Director.
These products are now available through the Jacto dealer network.
About Jacto Inc.
Since 1948, Jacto Agricultural Division manufactures a wide range of sprayers, coffee and orange harvesters and fertilizers. Further divisions manufacture high pressure washers, electric vehicles, electronic components for sprayers and other products. Jacto Group of companies includes Unipac, Rodojacto, Mizumo and JactoClean. Jacto products meet the highest standards of safety and are designed to provide a precise and efficient operation and the Precision Agriculture products are extremely relevant in this context. www.jacto.com
About Raven Industries, Inc.
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 is leading the way for precision ag technology that delivers in the field. In partnership with our network of Raven dealers and distributors, we're helping growers of all sizes and all types 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.
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, satisfaction of closing conditions, weather conditions and commodity prices, which could affect some of the company's primary markets, such as agriculture; 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.