Naturally Advanced Technologies and Tuscarora Yarns Partner; Plan to Expand Innovative CRAiLAR Flax Fiber Applications
28 Januar 2012 - 10:45AM
PR Newswire (Canada)
VANCOUVER, BC and PORTLAND, OR, Jan. 30, 2012 /CNW/ - Naturally
Advanced Technologies Inc. (NAT) , which produces and markets one
of the first new natural fibers in decades, CRAiLAR®, announced it
will partner with Tuscarora Yarns, one of the world's premier yarn
innovators, to explore a host of new blended yarns using CRAiLAR
Flax. Under the terms of the non-exclusive, non-transferable
license, Tuscarora Yarns will design and manufacture highly
specialized CRAiLAR Flax fiber yarns and related products for sale
and distribution to third party licensees of CRAiLAR. "Tuscarora is
one of the most innovative yarn spinners in the world, and has the
ability to prepare us for entry into several unexplored categories
such as couture fashion, sports performance, extreme weather gear,
and certain sectors of home furnishings," said Ken Barker, CEO of
NAT. "This agreement will seek to push the applications of CRAiLAR
beyond our first phase of cotton blending and establish new market
sectors for this unique and sustainable natural fiber." The
proprietary CRAiLAR enzymatic process, developed by Vancouver-based
NAT in conjunction with the National Research Council of Canada,
turns natural bast fibers—such as flax, hemp, jute, and kenaf -
into soft, finished textiles that are as comfortable as cotton, but
more durable and eco-friendly. The result is a product that can
integrate with existing technology for spinning, weaving, or
forming fabric, which can be used across categories such as
apparel, footwear, work wear, and domestic textiles. Additionally,
CRAiLAR can be used for a number of industrial applications. Since
March 2011, NAT has announced commercialization or development
agreements for CRAiLAR Flax fiber with HanesBrands,
Georgia-Pacific, Levi Strauss & Co., Cintas, Carhartt, Ashland,
Westex, Brilliant Global Knitwear and Target. About Tuscarora Yarns
Tuscarora Yarns is a maker of specialty yarns headquartered in Mt.
Pleasant, N.C. The company has been a reliable resource for the
apparel and textile industry since 1899. Tuscarora is one of the
leading manufacturers of heather and mélange yarns in the world.
The company also serves the automotive and home furnishings
markets. For more information about the company, please visit
www.tuscarorayarns.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 LeverenzNaturally Advanced
Technologies(415) 999-1418ryan.leverenz@naturallyadvanced(dot)com
Investor Contact:Rick AnguillaGuidance Counsel(503)
820-3565ir@naturallyadvanced.comCorporate Officer:Guy
PrevostCFO(866) 436-7869ir@naturallyadvanced.com
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