Raven Industries Acquires Smart Ag®
“The acquisition of Smart Ag is part of a bold, company-wide strategy for Raven,” commented
As part of Raven Autonomy™, the Company plans to deliver autonomous solutions for agriculture that will enable both its OEM partners and ag retailers to be successful. Now more than ever, OEMs need to deliver premier precision ag solutions in order to compete. Raven Autonomy™ will deliver on this great challenge; its technology will enable large-scale ag retailers to augment their operations, allocate resources smartly and reduce labor dependency. Along with the Company’s recent agreement to acquire majority ownership in
Smart Ag, headquartered in
“Raven’s experience in machine and application control is a perfect complement to the autonomous machine control developed by Smart Ag,” said
About Raven Applied Technology
Smart Ag was founded with the vision of becoming the autonomous farming platform of choice in a driverless future. Over the last three years, the company has released systems across the country, enabling completely driverless operation of machinery to improve harvest labor efficiency. With the combination of extensive on-farm testing, industry leading talent and innovative design, Smart Ag has developed a cutting-edge automation platform which incorporates machine learning, advanced vehicle navigation, and robust wireless communication technology. Learn more at http://www.smart-ag.com.
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. The Company intends that all forward-looking statements be subject to the safe harbor provisions of the Private Securities Litigation Reform Act.
Generally, forward-looking statements can be identified by words such as “may,” “will,” “plan,” “believe,” “expect,” “intend,” “anticipate,” “potential,” “should,” “estimate,” “predict,” “project,” “would,” and similar expressions, which are generally not historical in nature. However, the absence of these words or similar expressions does not mean that a statement is not forward-looking. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future – including statements relating to our future operating or financial performance or events, our strategy, goals, plans and projections regarding our financial position, our liquidity and capital resources, and our product development – are forward-looking statements.
Management believes that these forward-looking statements are reasonable as and when made. However, caution should be taken not to place undue reliance on any such forward-looking statements because such statements speak only as of the date when made. Our Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. In addition, forward-looking statements are subject to certain known risks, as described in the Company’s 10-K under Item 1A, and unknown risks and uncertainties that may cause actual results to differ materially from our Company’s historical experience and our present expectations or projections.
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Source: Raven Industries, Inc.