VANCOUVER AND PORTLAND, OR, Sept. 7,
2011 /PRNewswire/ - 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.
SOURCE Naturally Advanced Technologies Inc.