The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from GlobeNewswire (a Nasdaq OMX company)

Raven Industries Engineered Films Division Announces the Opening of Their New Technology Solutions Center; a State-of-the-Art Product Development Center

Wednesday, September 14, 2011

Raven Industries Engineered Films Division Announces the Opening of Their New Technology Solutions Center; a State-of-the-Art Product Development Center08:16 EDT Wednesday, September 14, 2011SIOUX FALLS, S.D., Sept. 14, 2011 (GLOBE NEWSWIRE) -- Raven Industries Engineered Films Division announces the opening of their new Technology Solutions Center within their Sioux Falls, SD operation. The Center will provide full-spectrum product development through extensive research, analysis, processing and optimization of new product formulations. Raven is committed to designing innovative engineered plastic film and sheeting that offers exceptional performance and value. Raven provides integrated solutions for seamless product development from conceptual ideas through full-scale production with the manufacturing capacity to support long-range projections for maximum throughput efficiencies.   The Technology Solutions Center houses two state-of-the-art pilot extrusion lines. The first is a 9-layer blown film and sheeting line, capable of producing a broad range of complex multi-layer products including highly engineered barrier layers. The second is a versatile cast/coating line able to introduce various preformed scrims or fabric substrates. The pilot lines are located directly outside a modern full-service accredited laboratory along with a development/meeting area designed to promote creativity and innovation in a stimulating work environment. "By creating the Technology Solutions Center we have substantially invested in future product innovation and are fully committed in research and development to assure continuous advancements in polymer film and sheeting solutions," notes Jim Groninger, Vice President and General Manager, for Raven Engineered Films Division. For further information, please visit the Raven Engineered Films website at www.RavenEFD.comor contact us direct with any questions. A comprehensive brochure covering our Technology Solutions Center can be located on our website contained in the Literature tab. We encourage inquiries and are dedicated to thoroughly reviewing potential product ideas and requirements.About Engineered Films Division: Raven Industries' Engineered Films Division has established a well-known reputation for manufacturing and supplying high performance flexible films and sheeting to major markets throughout the United States and abroad. Their state-of-the-art manufacturing facility and proven product expertise allows them to offer the most innovative and targeted product solutions in the industry. Find out more about Raven Engineered Films at www.ravenefd.com, or visit them on Twitter or Facebook. ISO 9001:2008 Certified Management System.Raven Engineered Films Division Brands: Marketing products under the Rufco®, DuraSkrim®, VaporBlock®, VaporBlock® Plus™, Canvex®, FeedFresh™, FeedPro™, VaporSafe™, GrainMax™, Conkure™, Fortress™, Fortress Pro™, Absolute Barrier™ brands. About Raven Industries, Inc: Since 1956, Raven Industries has provided high-quality, high-value technical products. Raven is publicly traded on (Nasdaq:RAVN) and has earned an international reputation for innovation, product quality, high performance and unmatched service. With strengths in engineering and technological innovation, Raven provides custom solutions including precision agriculture applications, high performance specialty films, aerostats for communications and surveillance, and electronic manufacturing services. Learn more about Raven Industries at www.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. 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, those relating to the inability to achieve objectives established for research and development activities, production inefficiencies related to adding new capacity and new capabilities to film production, 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.CONTACT: Cheryl Butler, Marketing Materials Manager Raven Industries, Inc. - Engineered Films Division Ph: 605-335-0174, Fax: 605-331-0333 Email: cheryl.butler@ravenind.com