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Non-Tech : CRAiLAR Technologies Inc. (OTCBB: CRLRF TSX: CL)

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To: caly who wrote (14)5/5/2010 7:42:30 PM
From: caly  Read Replies (1) of 88
 
Corporate Update Conference Call

naturallyadvanced.com

Very detailed.

- Full blown production of Crailar later in 2010 assuming finalization of commercialization agreement with Hanesbrand in a timely enough manner to do that. Should hear about that in the near future.

- re: Georgia-Pacific joint dev agreement in their consumer products division. Agreement restricts how much detail can be given, but they're in similar position with them, but running slightly behind from a timing perspe

- ongoing agreement with a large U.S. pulp and paper consumer products company. Some definition and clarity coming in near future.

- received PO today for 1/2 metric ton of Crailar fiber from the supplier of all uniforms to the Canadian federal government, including the armed forces. Indicates the start of expansion with new customers.

- Relationship with production partners to produce commercial quantities

- strengthening financial position. Agreed to a term sheet for a private placement of $750,000 in equity financing. Details by end of week. Believe it will get them to the point of revenue from commercial production.

Next steps...

Bring Hanesbrands relationship to commercialization and bring Crailar production to commercial levels in 210. Triggers then branding and marketing of Crailar to become a household name like Lycra, Teflon, Goretex and Coolmax.
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