Raven Industries Collaborates With Google on Balloon Design and Manufacturing Project Bringing Internet Access to Remote Areas

Raven Industries Collaborates With Google on Balloon Design and Manufacturing
Project Bringing Internet Access to Remote Areas of the World via High
Altitude Balloons

CHRISTCHURCH, New Zealand, June 14, 2013 (GLOBE NEWSWIRE) -- Raven Industries,
Inc. (Nasdaq:RAVN) today announced it is involved in a pilot project with
Google designed to provide high-speed wireless Internet accessibility to
rural, remote and underserved areas of the world. Google plans to use
Raven-designed and developed high-tech balloons as part of its new project for
balloon-powered Internet access, Project Loon.

Raven Aerostar has been working for several months in close collaboration with
Google on the design and development of this technology innovation. While the
program is still in its early stages, a successful trial began this week in
New Zealand involving 30 balloons provided by Raven Aerostar providing
Internet connectivity to an area covering nearly 10,000 square kilometers.

"Raven Aerostar is our balloon design partner and manufacturer of our
envelopes," said Mike Cassidy, Project Lead, Google[x]. "They bring to the
project decades of expertise in high altitude balloon engineering as well as
the latest breakthroughs in super pressure balloon engineering. They also
helped us design the flight control system. This system controls the balloon
and helps bring it down safely."

The balloons are designed to be 60 feet tall and fly at an altitude of 66,000
feet.The teams designed sophisticated technology that can control the path of
the balloons as they move through the sky.This technology moves the balloons
up and down in the stratosphere so they can sail on the wind traveling in the
right speed and direction.This, along with software developed by Google for
managing a fleet of balloons, is a significant step in turning balloons into a
viable platform for providing Internet access to rural and remote areas.

"This is a very exciting day," said Dan Rykhus, president and CEO of Raven
Industries. "Solving the challenge of improved Internet accessin developing
nations and rural areas has the potential to improve and save lives—from
improved medical care, to crisis and disaster response, to better crops for
farmers struggling to feed a growing world population."

"Stratospheric, 'lighter than air' balloon technology has been a core
innovation for Raven Aerostar for decades," said Lon Stroschein, vice
president and general manager of Raven Aerostar. "What's exciting about
today's announcement is this new, elegant way of applying this technology to
the challenge of Internet access for all, particularly in remote, underserved
locations. We're still in the early stages with more testing ahead, but
working very closely with Google we expect, over the next few years, to make
additional engineering advances and support production as the pilot project
explores expanding to other countries."

Raven Industries has been involved on the cutting edge of 'lighter than air'
technology since the mid-50s. The founders of the Company were part of
developing modern stratospheric balloons in the mid-40s. NASA relies on Raven
Aerostar to provide balloons that carry multi-million dollar scientific
instruments to altitudes above 99% of the atmosphere on a regular basis. Its
stratospheric balloons hold nearly all records for size, altitude, endurance
and payload capacity for scientific balloons and even aided Felix
Baumgartner's jump from space at 128,000 feet.

"Raven is no stranger to pioneering leading-edge applications of this
adaptable technology," said Rykhus. "The pilot tests and the next phases to
follow are setting the stage for serious trail-blazing efforts in global
connectivity—we're proud to be a part of such a ground-breaking initiative."

About Raven Industries, Inc.

Since 1956, Raven Industries has designed and manufactured 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. Raven's purpose is to solve great
challenges, among them saving lives, feeding the world, energy independence
and resource preservation. To realize this purpose, Raven utilizes its
strengths in engineering, manufacturing and technological innovation to serve
the precision agriculture, high performance specialty films, aerospace, and
electronic manufacturing services markets. Visit www.RavenInd.com for more
information.

About Raven Aerostar

Raven Aerostar is a division of Raven Industries consisting of wholly owned
subsidiaries Aerostar International, Inc. and Vista Research, Inc.Raven
Aerostar is a world leader in the design and manufacture of highly technical
aerospace, surveillance technology, electronics and specialty sewn products.
Both Raven Aerostar and Raven Industries, Inc. are based in Sioux Falls, SD.
The company has a rich history, solving great challenges saving lives through
its unique product lines; in addition to scientific balloons, Raven Aerostar's
engineers design and manufacture tethered aerostats and persistent
surveillance solutions, protective wear, parachutes, marine navigation
equipment and specialty electronics. Raven Aerostar is committed to providing
its customers with the innovative solutions that they require and the answers
they can trust.

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
developing a technologically effective, environmentally sound, cost efficient
solution to deliver electronics equipment to the stratosphere according to
customer requirements, success of our customer's initiatives to effectively
network the balloons and connect to the Internet, development of competitive
technologies to balloons, startup of large-scale balloon production without
negatively impacting quality and cost, and ability to finance investment and
working capital needs in excess of current credit facilities as well as other
risks described in the company'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
         Corporate Services Division
         Raven Industries
         605-575-0640
         Kristin.Tilus@ravenind.com
        
         Abby O'Hara, Inside Sales & Marketing Manager
         Raven Aerostar
         605-731-0981
         Abby.Ohara@ravenind.com
 
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