Naturally Advanced Technologies and Carhartt Enter Into Development Agreement For CRAiLAR Flax Fiber
03 Oktober 2011 - 12:00PM
PR Newswire (Canada)
VANCOUVER, BC and PORTLAND, OR, Oct. 3, 2011 /CNW/ - Naturally
Advanced Technologies Inc. (NAT) today announced that it has
entered into a short term CRAiLAR® Flax fiber development agreement
with Carhartt beginning in September 2011 to support evaluation of
processing CRAiLAR Flax fiber in premium grade work wear. "Carhartt
aligns perfectly with our current portfolio and we are excited to
add them to our growing mix of partner brands," said Ken Barker,
CEO of NAT. "Our testing to-date has demonstrated significant
qualities that will be beneficial to the work wear market,
including increased tensile strength, reduced shrinkage and high
dye uptake that can reduce chemical usage. Perhaps most important
is CRAiLAR's ability to wick moisture, which provides Carhartt with
a performance advantage by ensuring consumers stay cooler in hot
summer months. We look forward to demonstrating this during our
development period with Carhartt." Since March, NAT has signed
development or purchasing agreements with HanesBrands,
Georgia-Pacific, Levi Strauss & Company, Cintas Corporation,
Ashland Inc., Westex, and Brilliant Global Knitwear. About
Carhartt, Inc Established in 1889, Carhartt is a global premium
work wear brand with a rich heritage of developing rugged apparel
for workers on and off the job. Headquartered in Dearborn, Mich.,
with approximately 3,600 employees worldwide, Carhartt is privately
owned and managed by the descendants of the company's founder,
Hamilton Carhartt. For more information, visit www.carhartt.com.
About 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. Naturally
Advanced Technologies Inc. CONTACT: Media Contact:Ryan LeverenzLew
Leverenz Associates(415)
999-1418ryan.leverenz@gmail.comInvestorContact:Rick
AnguillaGuidance Counsel(503)
820-3565ir@naturallyadvanced.comCorporate Officer:Guy
PrevostCFO(866) 436.7869ir@naturallyadvanced.com
Copyright
Naturally Advanced Technologies Inc. (TSXV:NAT)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Naturally Advanced Technologies Inc. (TSXV:NAT)
Historical Stock Chart
Von Jul 2023 bis Jul 2024