Sioux Falls, SD (November 6, 2013) — Raven Industries Engineered Films Division (Nasdaq:RAVN) announces the full integration and qualification of their newest blown film line installed earlier this year: a seven-layer oriented barrier system. The new extrusion line is next generation technology for manufacturing precise lightweight barrier films ranging from 0.80 mil up to 10 mil in thickness. Unique add-on features strictly control film profiling and processing to meet specific performance parameters, along with barrier design flexibility that delivers added value to end-use applications. This new system features targeted in-line annealing to control film tension and web flattening characteristics, necessary for precise films used in lamination and OEM conversion operations. The versatile seven-layer die configuration includes high volume IBC airflow and is designed for further nine-layer expansion. The innovative winding system includes full-shaft handling and auto-conveyers to produce small consumer packaging as well as large-scale mill rolls ranging up to 40-inch diameter. The reclamation feature correlates directly with Raven sustainability efforts, by recycling roll edge-trim directly from the line through an internal reclaim process, converting it to reusable resin through precise blending.
Raven worked closely with industry experts at Davis Standard to commission and qualify the new line, built specifically to a projected vision for lightweight barrier formulations with several distinctive features.
“The addition of this new seven-layer line expands the range of product capabilities beyond our existing barrier lines by targeting thinner film profiles, with several distinct features to realize increased throughput efficiencies for consumer-sized rolls, which are packaged and sold straight off the line,” states Anthony Schmidt, vice president and general manager for Raven Industries Engineered Films Division.
Raven Industries is fully committed to developing innovative materials by engineering value-added and sustainable products to meet and exceed the latest industry standards. The Raven development team is readily available to discuss any product opportunities. Please contact us today for more information, or visit the Raven Engineered Films website at www.RavenEFD.com.
About Engineered Films Division: Raven Industries Engineered Films Division has established a well-known reputation for manufacturing and supplying high performance flexible films and sheeting to major markets throughout the United States and abroad. Engineered Films’ strategic mission is to produce critical film and sheeting for the containment and preservation of natural environmental resources. Their state-of-the-art manufacturing facility and proven product expertise allows them to offer the most innovative and targeted product solutions in the industry. Find out more about Raven Engineered Films at www.ravenefd.com, or visit them on Twitter or Facebook. ISO 9001:2008 Certified Management System.
Raven Engineered Films Division Brands: Marketing products under the Rufco®, DuraSkrim®, VaporBlock®, VaporBlock® Plus™, VaporBlock® G™, Canvex®, FeedFresh®, FeedPro™, FeedPro-G™, VaporSafe®, GrainMax™, SoilSeal™, Absolute Barrier® brands.
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.
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.
Cheryl Butler, Marketing Materials Manager
Raven Industries, Inc. – Engineered Films Division
Ph.: 605-335-0174, Fax: 605-331-0333