Financial Releases

Raven and Capstan Settle Lawsuit

March 1, 2018 at 7:59 PM EST

SIOUX FALLS, S.D., March 01, 2018 (GLOBE NEWSWIRE) -- Raven Industries(NASDAQ:RAVN) announced today that the patent infringement lawsuit against the company and CNH Industrial brought by Capstan Ag Systems related to Raven’s Hawkeye® Nozzle Control System and CNH Industrial’s AIM Command FLEX™ sprayer system has been settled between the parties. The parties agreed to a mutually acceptable, no-fault business solution.

“Raven is pleased with the results of this settlement,” said Brian Meyer, Division Vice President and General Manager of Raven Applied Technology. “We look forward to continuing to deliver our suite of solutions to the growing precision agriculture industry.”

About Raven Industries, Inc.
Raven Industries (NASDAQ:RAVN) is dedicated to providing innovative, high-value products and solutions that solve great challenges throughout the world. Raven is a leader in precision agriculture, high-performance specialty films, and lighter-than-air technologies. Since 1956, Raven has designed, produced, and delivered exceptional solutions, earning the company a reputation for innovation, product quality, high performance, and unmatched service. For more information, visit http://ravenind.com.

Contact Information
Margaret Carmody, Director of Communications
Raven Industries, Inc.
+1 (605) 336-2750

Source: Raven Industries

 

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Source: Raven Industries, Inc.