Naturally Advanced Technologies And Georgia-Pacific Consumer Products Enter Into a Three-Year CRAiLAR Flax Fiber Supply Agree...
07 September 2011 - 5:57PM
PR Newswire (Canada)
VANCOUVER AND PORTLAND, OR, Sept. 7, 2011 /CNW/ -- VANCOUVER AND
PORTLAND, OR, Sept. 7, 2011 /CNW/ - Naturally Advanced Technologies
Inc. (NAT) (OTCBB: NADVF) (TSXV: NAT) today announced that it has
entered into a three year CRAiLAR® Flax fiber supply agreement with
Georgia-Pacific Consumer Products LP starting Sept. 1, 2011. The
companies recently announced a short-term purchasing agreement
using CRAiLAR Flax fibers, which allowed for Georgia-Pacific
Consumer Products to purchase CRAiLAR Flax fiber from NAT for
additional product testing. "It is extremely gratifying to conclude
this commercialization agreement for CRAiLAR Flax fibers with
Georgia-Pacific Consumer Products," said Ken Barker, CEO of NAT.
"Our agreement with Georgia-Pacific Consumer Products holds
considerable potential in the fields of use indicated thus far, and
we will be able to continue to explore further uses for CRAiLAR
Flax fiber." 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 and the Alberta Innovates. 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/September2011/07/c8677.html
p bMedia Contact:/bbr/ Ryan Leverenzbr/ Lew Leverenz Associatesbr/
(415) 999-1418br/ a href="mailto:ryan.leverenz@gmail.com"
cr="true"ryan.leverenz@gmail.com/a /p p bInvestor Contact:/bbr/
Rick Anguillabr/ Guidance Counselbr/ (503) 820-3565br/ a
href="mailto:ir@naturallyadvanced.com"
cr="true"ir@naturallyadvanced.com/a /p p bNAT Officer:/bbr/ Guy
Prevostbr/ CFObr/ (866) 436.7869 /p
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