VANCOUVER, BC and PORTLAND, OR, Sept. 22,
2011 /PRNewswire/ - Naturally Advanced Technologies Inc.
(NAT) (OTCBB: NADVF) (TSXV: NAT) today announced that it has
entered into a short term CRAiLAR® Flax fiber development agreement
with Westex Inc., the premier manufacturer of flame resistant and
arc rated protective clothing fabrics. The development agreement
begins in September 2011 to support
evaluation of processing CRAiLAR Flax fiber for Westex products
used in electrical maintenance, electric and gas utilities, oil,
gas, petrochemical, chemical, military, and ferrous metals
industries.
"With Westex, we have an opportunity to evaluate CRAiLAR as an
apparel and uniform ingredient across a number of industrial and
municipal categories where flame resistance is critical," said
Ken Barker, CEO of NAT. "This
agreement is a logical progression of our previously announced
development agreement in the work wear category, and further
illustrates the diverse industry applications of CRAiLAR Flax fiber
and its potential to enhance performance in those categories."
Since March 2011, NAT has signed
development or purchasing agreements with HanesBrands, Georgia-Pacific, Levi Strauss & Company,
Cintas Corporation, and Ashland Inc.
About Westex Inc.
Established in 1919, Westex has more than 50 years of experience in
the manufacturing of flame resistant fabrics. It is the premier
manufacturer of cotton and cotton-blended flame resistant and arc
rated protective clothing fabrics which include Westex® UltraSoft®,
UltraSoft AC® and Indura® fabrics. It is headquartered in
Chicago, Ill. and can be found
online at www.westex.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.
SOURCE Naturally Advanced Technologies Inc.