CRAiLAR Technologies running production grade fiber at Pamplico
VICTORIA, BC and PORTLAND, OR, Jan. 16, 2013 /PRNewswire/ – CRAiLAR
Technologies Inc. (“CL” or the “Company”) (TSXV: CL) (OTCBB: CRLRF)
confirmed this week that it has commenced running production grade
fiber at its new Pamplico, S.C. manufacturing facility. This followed
minor delays at the facility to ensure safety and compliance within the
water and fire protection systems in the building, along with
customization to communications software that ensures the safe
operation of the production line. These adjustments have now been
“We have waited a long time to be in direct control of our production
line from the standpoints of fiber quality, integrity, and volume,”
stated Ken Barker, CEO of CRAiLAR Technologies. “This is an important
milestone for us as a company, and the industry as a whole as we
execute CRAiLAR Flax Fiber introductions at multiple sectors of retail
and industry in 2013.”
About CRAiLAR Technologies Inc.
CRAiLAR® Technologies Inc., previously Naturally Advanced Technologies
Inc., offers cost-effective and environmentally sustainable natural
fiber in the form of flax, hemp and other best fibers for use in
textile, industrial, energy, medical and composite material
applications. Produced using a fraction of water and chemical inputs
compared with other natural fibers, CRAiLAR Flax is the newest natural
fiber introduction to the market in decades. The Company supplies its
CRAiLAR Flax to HanesBrands, Georgia-Pacific, Brilliant Global
Knitwear, Tuscarora Yarns, and Target Corp. for commercial use, and to
Levi Strauss & Co., Cintas, Carhartt, Ashland, PVH Corp. and Lenzing
for evaluation and development. The Company was founded in 1998 as a
provider of environmentally friendly, socially responsible clothing.
For more information, visit www.crailar.com.
ADVISORY: This press release contains forward looking statements which may
include statements concerning completion of any proposed acquisitions,
capital programs, debt, funds flow from operations, and the anticipated
use of the net proceeds of the Private Placement. Although CL believes
that the expectations reflected in these forward looking statements are
reasonable, undue reliance should not be placed on them because CL can
give no assurance that they will prove to be correct. Since forward
looking statements address future events and conditions, by their very
nature they involve inherent risks and uncertainties. Any proposed
acquisition may not be completed if required approvals or some other
condition to closing is not satisfied. Accordingly, there is a risk
that any proposed acquisition or offering will not be completed within
the anticipated time or at all. The intended use of the net proceeds of
the Private Placement by CL might change if the board of directors of
CL determines that it would be in the best interests of CL to deploy
the proceeds for some other purpose.
The forward looking statements contained in this press release are made
as of the date hereof and CL undertakes no obligations to update
publicly or revise any forward looking statements or information,
whether as a result of new information, future events or otherwise,
unless so required by applicable securities laws.
The TSX Venture Exchange has neither approved nor disapproved the
contents of this press release.
SOURCE Crailar Technologies Inc.