Raven Industries Collaborates to Commercialize Ag Technology Products With
Premier Land Grant Institution - South Dakota State University
SIOUX FALLS, S.D., Aug. 19, 2013 (GLOBE NEWSWIRE) -- Raven Industries,
Inc.(Nasdaq:RAVN) has announced their commitment to open a research
development center within The Research Park at South Dakota State University
in Brookings, South Dakota. Raven and SDSU will collaborate to engineer new
precision agriculture technologies to help farmers grow more food to feed an
expanding world population, a critical mission for Raven's Applied Technology
Division. Initially, Raven plans to hire two full-time positions and six
part-time intern positions in the areas of engineering, agronomy and
agribusiness to conduct research and ultimately commercialize new products.
Raven has had past success with similar research and development centers in
Austin, Texas, and on the campus of the South Dakota School of Mines and
Technology in Rapid City, South Dakota. Raven and SDSU have had a long-term
relationship through classroom and lab activities and have also worked closely
on talent recruitment. SDSU faculty and students recently worked hand-in-hand
with Raven Industries to design a multi-hybrid planter control solution, the
first of its kind in the industry.
"The opportunity to collaborate on opportunities associated with our core
businesses will enhance our growth as an organization and develop a stronger
cohesion between Raven, the university, and industry challenges," said Dan
Rykhus, president and CEO at Raven Industries. "We are proud to support South
Dakota's higher education and provide rewarding jobs."
"We are excited to connect industry-leading faculty and top-caliber students
from a renowned land-grant university with a global technology leader," said
Matt Burkhart, vice president and general manager of the Raven Applied
Technology Division. "This is a great opportunity to help solve the challenge
of feeding the world, and at the same time support South Dakota's higher
education while proliferating the Silicon Prairie."
"Raven's Center in the Research Park is a win-win. Our engineering students
will contribute directly to the development of advanced technology within a
business environment. This is unique and unmatched," said Lewis Brown, dean of
the Jerome J. Lohr College of Engineering at SDSU.
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 in areas of safety, feeding the world,
energy independence, and resource preservation. To realize this purpose, we
utilize our 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 South Dakota State University: Founded in 1881, South Dakota State
University is the state's Morrill Act land-grant institution as well as its
largest, most comprehensive school of higher education. SDSU confers degrees
from six different colleges representing more than 175 majors, minors and
specializations. The institution also offers 29 master's degree programs, 12
Ph.D. and two professional programs.
The work of the university is carried out on a residential campus in
Brookings, at sites in Sioux Falls, Pierre and Rapid City, and through SDSU
Extension offices and Agricultural Experiment Station research sites across
CONTACT: Raven Industries:
Ryan Molitor, Marketing Supervisor
Applied Technology Division
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