FOR IMMEDIATE RELEASE

(Regina) Raven Industries, Inc. (the Company; NASDAQ:RAVN), the leader in precision agriculture solutions, has announced plans to open a 21,000 square-foot manufacturing facility for the Raven Dot® Power Platform in the Greater Regina Area as the company prepares for substantial growth over the next five years and beyond.

Raven is committed to delivering innovative solutions in agriculture. The new facility, located in Emerald Park, is expected to open this winter and will allow for streamlined testing, manufacturing and distribution of Dot technology which allows producers to complete farm tasks autonomously. It will also support the development of other Raven precision ag products.

 “Regina’s world-class agriculture and technology industries made it a natural choice for Raven’s Canadian Headquarters,” says Wade Robey, Executive Director of Raven Autonomy. “The community’s investment in progressing farming through automation is one of the many reasons Regina is the right location for us.”

Saskatchewan’s agricultural manufacturers have influenced every aspect of primary ag production, from rock removal to seeding, crop protection to harvest and beyond. They’re known around the world for their innovation and quality – and for empowering producers to utilize the best methods and get the best results from the land.

John Lee, Economic Development Regina Inc. (EDR) President and CEO, said Raven Industries joins a growing list of companies looking at locating in the region.

“Agriculture in Regina tends attract businesses from across the supply chain. We expect Raven to have a positive effect on developing Regina’s vision to be a leader in agricultural technology and techniques,” said Lee. “We are excited to welcome Raven and make them part of our growing community.”

Lee was pleased to note that Raven has taken their commitment to community a step further, joining EDR’s Investment Partnership Program. Through the program, which allows companies to invest directly into EDR’s long-term growth strategy, Raven will support ag tech development across Saskatchewan.

“As our Emerald Park operations progress, we are looking forward to the collaboration our team will also have with local entities through the Agriculture and Food Initiative,” Robey added. “The advancements we are implementing on our autonomous offerings, like Dot, will occur years ahead of schedule because of the local support from the Regina community.”

Regina’s manufacturers span across 17 industries, generating $3.3 billion in sales annually and employing more than 6,000 people.

For more information about Raven Autonomy, visit https://ravenprecision.com/autonomy.

 

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About Economic Development Regina

Economic Development Regina Inc. (EDR) is the lead agency for economic development and destination marketing for the Greater Regina Area. EDR is a not-for-profit funded by the private and public sectors and governed by a volunteer Board of Directors.

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 https://ravenind.com.

About Raven Applied Technology

For decades, Raven Applied Technology has been committed to maximizing operational efficiencies through its innovative agriculture technology. The company’s autonomous product suite, Raven Autonomy™, is an extension of that core. From field computers to sprayer and planter controls, GPS guidance steering systems, logistics technology, and autonomous solutions — Raven provides precision agriculture products designed for ag retailers and growers to remain competitive and profitable into the future. Learn more at https://ravenprecision.com.