News Releases

AutoFarm® and Raven Industries Announce Expansion of Joint Agreement

FREMONT, Calif., August 27, 2007 – AutoFarm and Raven Industries announce the expansion of a collaborative agreement for product development opportunities following the successful launch of the new Raven steering system, QuickTrax.

The collaborative team is finishing development and test of a new system which will provide full-featured sub-inch accurate RTK automated steering designed by AutoFarm and state-of-the-art displays and controls such as Viper Pro and Envizio Pro by Raven Industries.

This expanded effort will take advantage of expertise and existing products from both companies: Raven, offering the displays plus sprayer and planter section control, boom height control and variable rate control for sprayers, spreaders and planters; AutoFarm, offering market leading technology in sub-inch accurate RTK steering systems.

“The system will be marketed mutually and will be available through the distribution channels of both Raven and AutoFarm by mid winter, which will expand the GPS steering market for both companies domestically and internationally,” says Justin Larouche, AutoFarm Director of Product Management.

Paul Welbig, Business Development Manager for the Flow Control Division at Raven Industries, says, “We see an exciting new system in the works with this agreement. It will help satisfy the expanding needs of our customers at a time when GPS precision guidance, automated steering and control combinations are gaining wider acceptance in the agricultural marketplace.”

“The system will be marketed mutually and will be available through the distribution channels of both Raven and AutoFarm by mid winter, which will expand the GPS steering market for both companies domestically and internationally,” says Justin Larouche, AutoFarm Director of Product Management.

“The system will be marketed mutually and will be available through the distribution channels of both Raven and AutoFarm by mid winter, which will expand the GPS steering market for both companies domestically and internationally,” says Justin Larouche, AutoFarm Director of Product Management.

About AutoFarm

AutoFarm, a division of Novariant, Inc., is the premier solutions provider for precision positioning and intelligent control systems. AutoFarm manufactures and markets Global Positioning System (GPS) receivers and precision agriculture solutions for automatic steering and leveling based on its experience in advanced aviation landing systems. AutoFarm can be found on the web at www.gpsfarm.com or reached at +1-510-933-4800.

About Raven Industries

Celebrating 50 years of business innovation, Raven Industries was founded in Sioux Falls, SD in 1956, as a manufacturer of high-altitude research balloons for NASA and the American space program. In 1978, Raven Industries’ Flow Controls Division introduced the first speed compensated control system, the SCS 400, which was quickly followed by the SCS 440 that set the industry standard for fertilizer and chemical application controllers. Since that time, Raven Industries has developed and integrated a wide range of solutions for the agricultural industry. Raven has evolved from a single product line into a successful, diversified manufacturer publicly traded on NASDAQ (RAVN). From basic flow control components to the Viper, SmarTrax and Envizio Pro, Raven remains a leader in precision and flow control products for today’s agricultural market.

For more information, contact:

Justin Larouche, Director of Product Management
AutoFarm
Ph: 510-933-4800
Fax: 510-933-4801
Email: Justin.Larouche@gpsfarm.com
Paul Welbig, Director of Business Development

Raven Industries – Flow Controls Division
Ph: 800-243-5435
Fax: 605-331-0426
Email: Paul.Welbig@ravenind.com

We’ve Re-positioned! As of July 5, the new address is:

45700 Northport Loop East
Fremont, CA 94538
Phone: (510) 933-4800
Fax: (510) 933-4801

Media Contact: Joe Robertson
Red Lizard Creative
San Diego, CA
Ph: 858-453-3761
Em: joe@redlizardcreative.com