Raven Industries Inc.
), in association with the South Dakota State University (SDSU),
plans to establish a research development center within The
Research Park in the university premises, in Brookings, S.D., to
develop new precision agriculture technologies.
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Precision agriculture is a commercialized field management
approach that uses applied science such as satellite technology,
computerized steering, advanced planter control systems, and
variable rate applications of seeds and chemicals, which assist
farmers and custom applicators to control their operations
With the global population expanding rapidly, Raven's Applied
Technology Division has embarked on a mission to help farmers
grow more food. Precision agriculture optimizes management of
every location in a field in order to enhance returns and
maximize use of resources.
Raven will employ two full-time and six part-time intern
positions for research work in engineering, agronomy and
agribusiness. Raven will also offer student interns practical
experience in highly technical areas.
The collaboration will support South Dakota's higher education
efforts and provide rewarding jobs. It will also enhance economic
growth in the state by building on the university's discovery to
drive commercialization and create new products and services.
Raven, having prior experience with other research and
development centers in the U.S., has recently worked with SDSU
faculty and students to successfully design a one-of-its-kind
multi-hybrid planter control solution.
South Dakota-based Raven Industries is an industrial manufacturer
providing a variety of products for the agricultural, industrial,
construction and military/aerospace markets. Raven operates
through four business segments - Engineered Films, Electronic
Systems, Applied Technology and Aerostar.
Raven expects to return to historic earnings growth levels in
fiscal 2014, driven by benefits from investments made over the
last few years, new product developments, and expansions.
Raven currently carries a Zacks Rank #4 (Sell). Among other
stocks in the same industry,
Hutchison Whampoa Ltd.
), with a Zacks Rank #1 (Strong Buy), and
Federal Signal Corp.
) with a Zacks Rank #2 (Buy), are worth considering.