Raven Industries Balloon for Google's Project Loon Exceeds 120 Days of Flight

Raven Industries Balloon for Google's Project Loon Exceeds 120 Days of Flight

SIOUX FALLS, S.D., Aug. 7, 2014 (GLOBE NEWSWIRE) -- Raven Aerostar
(Nasdaq:RAVN) marked its one-year anniversary of Google's Project Loon public
unveiling with an impressive milestone accomplishment; a Raven Aerostar
balloon surpassed 120 days of flight in the stratosphere. This Loon Balloon,
named Ibis 152, was launched from New Zealand on February 26 and fully circled
the earth twice.

Last summer, Raven Aerostar was cited as Google's balloon design partner and
manufacturer when Google announced its audacious Google[x] moonshot, Project
Loon, designed to provide wireless internet access to millions of unconnected
people worldwide, particularly in remote and underserved areas. The
project—which uses Raven Aerostar high altitude balloons—has the potential to
enrich millions of lives by delivering access to invaluable information. The
milestone of achieving a duration of over 120 days proves Loon Balloons are
able to reliably survive the harsh elements of the stratosphere for days,
weeks and now even months.

"As Google's balloon provider, Raven Aerostar has been instrumental in
bringing Project Loon to the skies," stated Lon Stroschein, Raven Aerostar
General Manager and Vice President. "Reliability is critical to the Project
Loon mission, and with over 60 years of experience placing payloads safely
into the stratosphere, Raven Aerostar is continuing to push the envelope
forward on stratospheric flight by leaps and bounds."

Loon Balloons have traveled over a million and a half kilometers, allowing
Raven Aerostar's knowledge and expertise to propel super pressure ballooning
technology forward exponentially. "It is a very exciting time for the
lighter-than-air (LTA) community, and we are proud to be pioneering advances
in stratospheric flight," commented Stroschein.

Google's Project Loon also successfully delivered connectivity through a
recent demonstration in Agua Fria, Brazil. Over 100 million people in Brazil
are not currently connected to the internet; however, this demonstration
proved to the overjoyed students and teachers of the Linoca Gayoso School that
wireless internet can be achieved using balloons. Previously, sustained
connections have been unsuccessful due to obstacles such as mountains and
clouds, but because the Loon Balloons carry Google's technology high above,
the community enjoyed wireless internet from the comfort of their classroom.

"Our first observation when we encounter such a rural area is that their
world, contrary to what we might have thought, isn't that small. However, it
can be expanded through technology," says Silvana Pereira, Principal at Linoca
Gayoso School in a video released by Google.

Raven Aerostar has been working with Google since 2012, developing new balloon
designs for Loon's mission. Balloon customization is familiar to Raven
Aerostar and has been common practice for customers, including NASA, Jet
Propulsion Laboratory (JPL) and the United States Air Force. The balloons
designed for Loon are highly customized Raven Aerostar super pressure balloons
and are designed to carry specific payloads to an exact altitude determined by
Google. The super pressure balloons Raven Aerostar has engineered for Google
have dual chambers that give the balloon several kilometers of altitude
control. Altitude control enables the balloons to use different wind patterns
at different altitudes, giving Google the ability to "steer" the balloon.

"The idea of maneuvering balloons through the stratosphere by using wind
currents is unique to Project Loon," explained Scott Wickersham, Raven
Aerostar's Director of Product Development. "Raven Aerostar, however, is not
new to station-keeping technology." Raven Aerostar has achieved propelled
balloon flight with unmanned airships in the stratosphere, most recently in
2008 and 2010.

"With years of LTA experience, through our involvement in Google's Project
Loon, and with these groundbreaking advances, we are validating new approaches
and revolutionizing ballooning technology. There is simply no end to what the
technology can accomplish," says Stroschein. "Due to thousands of flight
hours, made possible through the Project Loon mission, Raven Aerostar has
achieved numerous balloon performance advancements otherwise thought
impossible."

About Raven Aerostar: Raven Aerostar consists 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, navigation aids 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 and delivering life-saving
solutions through its advanced solutions; in addition to stratospheric
balloons, Raven Aerostar designs and manufactures tethered aerostats and
persistent surveillance solutions, Vista radar solutions, marine navigation
aids and protective wear. Raven Aerostar is committed to providing highly
technical and groundbreaking technology for critical missions that can change
the world.

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 defense markets. Visit www.RavenInd.com for more
information.

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.

On the Internet, information is available at:www.ravenaerostar.com

CONTACT: Abby O'Hara
         Marketing Manager
         Raven Aerostar
         Ph: +1 (605) 731-0981
         Email: abby.ohara@ravenind.com
 
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