Naturally Advanced Technologies and Cintas Corporation Enter Into Development Agreement for CRAiLAR Flax Fiber in the Corporate
07 Juni 2011 - 12:00PM
PR Newswire (Canada)
PORTLAND, OR and VANCOUVER, BC, June 7, 2011 /CNW/ -- PORTLAND, OR
and VANCOUVER, BC, June 7, 2011 /CNW/ - Naturally Advanced
Technologies Inc. (NAT) (OTCBB: NADVF) (TSXV: NAT) today announced
that it has entered into a short-term CRAiLAR® Flax fiber
development agreement with Cintas Corporation (NASDAQ: CTAS)
beginning June 2011 to support evaluation of processing CRAiLAR
flax fiber in corporate identity uniform programs. "Cintas is the
leading uniform brand in the U.S. and we are looking forward to
supporting their manufacturing processes," said Ken Barker, CEO of
NAT. "This agreement is further validation that NAT promises a
significant impact for global corporations from both a
sustainability and performance standpoint. We look forward to
showing Cintas how CRAiLAR can perform across its product
categories." Based on previous testing, the companies expect
CRAiLAR Flax fiber to deliver increased durability and longevity to
the uniform market due to the tensile strength of CRAiLAR. In
addition, CRAiLAR's ability to wick moisture should provide users
of Cintas uniforms a more comfortable uniform to wear in hot summer
months. Since March, NAT has announced a 10-year purchasing
agreement with Hanesbrands, along with development agreements with
Georgia-Pacific and Levi's. Hanes represented the first
commercialization agreement for its CRAiLAR flax fiber. They
anticipate further marketing plans for Hanes to be announced later
this year. About Cintas: Headquartered in Cincinnati, Ohio, Cintas
Corporation provides highly specialized services to businesses of
all types. Cintas designs, manufactures and implements corporate
identity uniform programs, and provides entrance mats, restroom
supplies, promotional products, first aid and safety products, fire
protection services and document management services to
approximately 800,000 businesses. Cintas is a publicly held company
traded over the Nasdaq National Market under the symbol CTAS, and
is a component of the Standard & Poor's 500 Index. Naturally
Advanced Technologies Inc. Naturally Advanced Technologies Inc.
develops renewable and environmentally sustainable biomass
resources from flax, hemp and other bast fibers. The Company,
through its wholly owned subsidiary, CRAiLAR® Fiber Technologies
Inc., has developed proprietary technologies for production of bast
fibers, cellulose pulp, and their resulting by-products in
collaboration with Canada's National Research Council. CRAiLAR
technology offers cost-effective and environmentally sustainable
processing and production of natural, bast fibers resulting in
increased performance characteristics for use in textile,
industrial, energy, medical and composite material applications.
The Company was founded in 1998 as a provider of environmentally
friendly, socially responsible clothing. For more information,
visit www.naturallyadvanced.com. Neither the TSX Venture Exchange
Inc. nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release. Forward-Looking
Statement Disclaimer This news release includes certain statements
that may be deemed "forward-looking statements". All statements in
this news release, other than statements of historical facts, are
forward-looking statements. Forward-looking statements or
information are subject to a variety of risks and uncertainties
which could cause actual events or results to differ from those
reflected in the forward-looking statements or information and
including, without limitation, risks and uncertainties relating to:
any market interruptions that may delay the trading of the
Company's shares, technological and operational challenges, needs
for additional capital, changes in consumer preferences, market
acceptance and technological changes, dependence on manufacturing
and material supplies providers, international operations,
competition, regulatory restrictions and the loss of key employees.
In addition, the Company's business and operations are subject to
the risks set forth in the Company's most recent Form 10-K, Form
10-Q and other SEC filings which are available through EDGAR at
www.sec.gov. These are among the primary risks we foresee at the
present time. The Company assumes no obligation to update the
forward-looking statements. To view this news release in HTML
formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/June2011/07/c3354.html p
bMedia Contact:/bbr/ Ryan Leverenzbr/ Lew Leverenz Associatesbr/
(415) 999-1418br/ a
href="mailto:ryan.leverenz@gmail.com"ryan.leverenz@gmail.com/a /p p
bInvestor Contact:/bbr/ Rick Anguillabr/ Guidance Counselbr/ (503)
820-3565br/ a
href="mailto:ir@naturallyadvanced.com"ir@naturallyadvanced.com/a /p
p bCorporate Officer:/bbr/ Guy Prevostbr/ CFObr/ (866) 436-7869 /p
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