Financial Releases

Raven Releases New Boom Control Innovation

November 20, 2018 at 8:30 AM EST
AutoBoom® XRT Is the First in Agriculture to Use Radar Sensor Technology to Maintain Optimal Boom Height for Maximum Product Efficacy

SIOUX FALLS, S.D., Nov. 20, 2018 (GLOBE NEWSWIRE) -- Raven Industries, Inc.(NASDAQ:RAVN) announced today the release of AutoBoom® XRT, the latest advancement in boom control. AutoBoom XRT’s industry-leading radar sensor technology uses simultaneous ground and canopy detection to maintain optimal spray height for maximum product efficacy. Pressure-based control allows for smooth movement and quicker reaction time, while center rack stability technology with optional dampers gives the operator complete control, maximizing boom life.

AutoBoom® XRT by Raven
AutoBoom XRT’s industry-leading radar sensor technology uses simultaneous ground and canopy detection to maintain optimal spray height for maximum product efficacy.


Customers have been pro-actively providing feedback about their positive experiences, including Jason Pavlu of Simpson Farm Enterprises.

“AutoBoom XRT is another superior product from Raven that I won’t spray without,” said Pavlu. “It’s the only boom control product on the market today that does exactly what it is supposed to do. To say it simply — it just works.”

“The release of AutoBoom XRT shows Raven’s continued commitment to machine control innovation,” said Brian Meyer, Division Vice President of Raven Applied Technology. “Accurate boom height and control is critical in reducing misapplication, drift and operator fatigue. AutoBoom XRT is the only full boom management solution on the market that has consistently proven to achieve maximum product efficacy.”

AutoBoom XRT is available as an aftermarket kit today with additional kits scheduled for release in January.

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.

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. 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/A 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.

Contact Information
Meagan Huisman
Raven Applied Technology
+1 (605) 809-2076
meagan.huisman@ravenind.com

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/dbc020c2-89b5-4f1d-b31a-8155535ef745

Raven block logo.jpg

Source: Raven Industries, Inc.