Naturally Advanced Technologies Enters Into Short-Term CRAiLAR Flax Fiber Supply Agreement with Georgia-Pacific
Mar 30, 2011 12:29:00 PM
PORTLAND, OR, March 30 /PRNewswire/ - Naturally Advanced Technologies Inc. (NAT) (OTCBB: NADVF) (TSXV: NAT) today announced that it has entered into a short term CRAiLAR® Flax fiber supply agreement with Georgia-Pacific LLC (GP) starting in April 2011 to support evaluation of processing CRAiLAR flax fiber in formed materials.
The companies recently completed product-forming trials using CRAiLAR flax fibers, and the supply agreement allows for GP to purchase CRAiLAR flax fiber from NAT for additional product testing.
"We are excited to explore this aspect of possible development," said Ken Barker, CEO of NAT. "Our partnership with GP has proven to be a truly collaborative effort. We believe this step is important to identifying potential applications of our technology beyond those we are already exploring."
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. |
