VANCOUVER AND
PORTLAND, OR, Sept. 27, 2011 /PRNewswire/ - Naturally Advanced
Technologies Inc. (NAT) (OTCBB: NADVF) (TSXV: NAT) today announced
that it has entered into a purchasing agreement for a minimum of
one and a half million pounds of CRAiLAR® Flax fiber with Brilliant
Global LTD, the Hong Kong-based
private label knitwear manufacturer which produces a broad spectrum
of sweater and accessory items in natural fibers for globally
recognized brands. The agreement is to commence in October 2011.
"This agreement represents our third purchasing
agreement since March and brings our total client roster to seven
global brands," said Ken Barker, CEO
of NAT. "Brilliant works with the most recognizable brands and
retailers in North America and we
intend to demonstrate the significant capabilities of CRAiLAR Flax
to perform seamlessly within its portfolio, while integrating a
sustainable, all-natural fiber into its textile mix and its
consumer product story."
Since March 2011, NAT
has signed development or purchasing agreements with HanesBrands,
Georgia-Pacific, Levi Strauss
& Company, Cintas Corporation, Ashland Inc., and Westex
Inc.
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.
SOURCE Naturally Advanced Technologies Inc.