Ranked 4th in the
Clean Tech Sector
VICTORIA, BC and PORTLAND, OR, Feb. 22,
2012 /PRNewswire/ - Naturally Advanced Technologies Inc.
("NAT" or the "Company") (TSXV: NAT) (OTCBB: NADVF), which produces
and markets CRAiLAR®, a natural fiber made from flax and other bast
fibers, announced that TSX Venture Exchange has named the Company
to its 2012 TSX Venture 50, a list assembled based on quantitative
measurement of top performing publicly traded companies on the
Toronto Stock Exchange (TSX). NAT was ranked fourth in Clean Tech
sector.
The 2011 TSX Venture 50 is comprised of ten companies from each
of five sectors: Clean Technology, Mining, Oil & Gas,
Diversified Industries, and Technology & Life Sciences. The
companies were chosen based on the following criteria with equal
weight: share price appreciation, market capitalization growth,
trading volume, and analyst coverage.
"It is a testament to the team and to our partners that we
maintained a position among the TSX Venture 50 for the second
consecutive year," said Guy Prevost,
CFO of NAT. "The past year saw several significant milestones that
laid the foundation for the future of NAT, and we anticipate being
able to deliver additional milestones in the coming year that will
continue to allow the company to make an impact in the world of
natural fibers."
The company's performance against TSX Venture 50 criteria for
the period closing December 2010 to
closing December 2011
included:
• Price per share increase of 60%
(C$1.40 to C$2.24)
• Market cap increase of 89%
(C$47.3 million to C$90.1
million)
• A trading volume increase of 310%
over 2010
• Initiation of coverage by Cormark
Securities
NAT has developed the CRAiLAR process, which successfully
removes the binding agents from flax that contribute to its stiff
texture, and produces a fiber that has both the tensile strength
and performance benefits of flax, and the comfort qualities of
cotton.
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.