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Press release from GlobeNewswire (a Nasdaq OMX company)

Raven Industries Hosts Tenth Innovation Summit

Thursday, July 26, 2012

Raven Industries Hosts Tenth Innovation Summit07:25 EDT Thursday, July 26, 2012SIOUX FALLS, S.D., July 26, 2012 (GLOBE NEWSWIRE) -- Raven Industries (Nasdaq:RAVN) Applied Technology Division hosted their tenth Innovation Summit July 24-26 to showcase their new advances in precision agriculture technology to over 220 of their dealers from across the world and area farmers. The event took place at the Raven Innovation Campus located near Baltic, SD where Raven finished construction on a 7,150 sq. ft. addition to their already 7,800 sq. ft. training and research facility originally constructed in 2004 as the first research center dedicated solely to precision agriculture. A few of the new advances in precision ag technology released at the Innovation Summit: The release of SmarTrax 6™, an innovative advancement in auto-steering technology featuring new 3D terrain compensation, quicker calibration, and best-in-class performance on line. Plus more than 50 new kits, which represent support for over 300 new tractor and machine models. The release of an ISOBUS compatible version of the Sidekick Pro™ direct injection system. An E-Commerce site for Slingshot® allows users to more easily subscribe to Slingshot services. Enhancements to Raven's existing product line up including Envizio Pro II™, Viper Pro™, Cruizer II™, OmniRow® and OmniSeed™ advanced planter and seeder control systems. New interactive Raven Product Guide apps supported on iPad and Android tablet platforms make it simple for users to discover how Raven products can help them work smarter, reduce input costs and farm more efficiently.About Raven Industries Since 1978, Raven has helped define the concept of precision agriculture and continues to create ground-breaking ideas and products that improve the position of growers around the world. Raven is publicly traded on NASDAQ (RAVN) and has earned an international reputation for agricultural innovation, product reliability and unmatched service and support. From field computers to planter and boom controls, from GPS guidance to steering systems and wireless technology, Raven is leading the way for precision ag technology that delivers in the field. In partnership with our network of Raven dealers and distributors, we're helping growers of all sizes and types work smarter, reduce input costs and increase yields and profitability. Success in farming has always been about using less and getting more. With Raven, you can simply do it better.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, 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: Kristin Tilus, Communications Manager Raven Industries, Inc. 605-575-0640 Matt Burkhart, Vice President and General Manager Raven Industries Applied Technology Division 1-800-243-5435