SIOUX FALLS, S.D., (February 22, 2016) — Raven Industries (NASDAQ: RAVN) announced that its Applied Technology division has been named the worldwide exclusive distribution partner for AgEagle Aerial Systems, a leading provider of Unmanned Aerial Systems (UAS) used in precision agriculture. This partnership will allow Raven to expand into the UAS market by enhancing its product offering to provide actionable data that customers can use to make important input and variable rate decisions.
AgEagle’s simple-to-use UAS technology captures aerial maps of crop health in a field, identifying areas of stress before they can be seen by the naked eye. By providing real-time, easy-to-acquire data to growers, agronomists and other service providers, AgEagle helps pinpoint areas where nutrients or chemicals need to be applied, increasing profitability. The images are easy to import and utilize with many agricultural software platforms, making it simple for growers and service providers to put the data to use quickly and efficiently.
“AgEagle’s innovative technology is at the forefront of the UAS market, and we couldn’t be more excited to play a role in their success,” said Brian Meyer, Division Vice President and General Manager of Raven Applied Technology. “Together, we will help make crop health data actionable and relevant, which in turn will help decrease inputs and increase yields for growers. That’s what Raven has always been about—helping the customer do more with less.”
“AgEagle is excited to distribute our fixed wing solution through Raven, one of the top precision agriculture companies in the world,” said Bret Chilcott, CEO of AgEagle Aerial Systems. “We believe this partnership is a tremendous validation of our team and our products. Raven and AgEagle have the same focus, mission and passion, and together, through the use of better actionable data for the growers, we will effect change in feeding the world.”
For more information, see Raven and AgEagle at the upcoming Commodity Classic in New Orleans this March, or visit www.ravenprecision.com.
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 realizes its vision by developing innovative solutions to great challenges related to the markets we understand and serve. Today, those solutions are focused on feeding and connecting the growing world population, preserving natural resources, and answering the growing need for security. Utilizing our strength in engineering, manufacturing, and technological innovation, Raven is a leader in precision agriculture, high performance specialty films, and situational awareness markets. Visit www.ravenind.com for more information.
About AgEagle Aerial Systems
AgEagle is a leading manufacturer of Drones, or Unmanned Aerial Vehicle’s (UAVs), for the agricultural industry. AgEagle is a pioneer in developing robust flying drones for farmers, agronomists and other agriculture professionals. Aerial images acquired by the AgEagle UAV provide actionable data for growers to more effectively apply nutrients and chemicals where it is needed, and less where it is not needed, thus optimizing chemical usage and increasing crop yields. Crop diseases and damage from insects can be seen and dealt with days earlier than through traditional methods increasing crop survival rates and protecting revenues. Kansas based AgEagle has a top-flight team of engineers and agriculture professionals and is dedicated to helping make a difference in feeding the world. Visit http://www.ageagle.com for more information.
Raven Applied Technology
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