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Naturally Advanced Technologies Enters Spinning and Trademark Licensing Agreement for Crailar Organic Fibers

Posted on: Wednesday, 5 August 2009, 06:05 CDT

PORTLAND, Aug. 5 /PRNewswire-FirstCall/ - Naturally Advanced Technologies Inc. (NAT, OTCBB: NADVF, TSXV: NAT) a company committed to unlocking the potential of renewable and environmentally sustainable biomass resources from hemp and other bast fibers, and Patrick Yarns, a world-leading manufacturer of high performance industrial yarns, signed a trademark licensing agreement. Under the terms of the non-exclusive, non-transferable license, Patrick Yarns will make and manufacture Crailar Organic Fiber yarns and related products for sale and distribution in North America to third party licensees of Crailar.

"This agreement is a very important step in our strategy to commercialize Crailar technology beyond commercial apparel knit products," stated Ken Barker, CEO of NAT. "Through our partnership with Patrick Yarns, we will start to develop markets in denim, work wear and related apparel markets, as well as the home furnishings and carpeting industries. We are very excited to be working Patrick Yarns, one of the foremost spinning experts in the country, in a partnership that allows us to create a pull through marketing strategy with fabric and finished goods brands. The company has an incomparable track record of partnering with its customers to develop yarns that create brand awareness and market share."

Patrick Yarns, based in Kings Mountain, North Carolina, combines over 50 years of experience with cutting-edge technology to achieve breakthrough solutions and provide superior, innovative and cost-effective product lines.

Crailar Organic Fibers is a proprietary enzymatic processing technology for transforming bast fiber into superior organic fiber for apparel, home furnishings and carpeting applications. The enzyme bath produces fibers that are used as a more cost-comparable and sustainable alternative to organic cotton.

About Naturally Advanced Technologies, Inc.

Naturally Advanced Technologies Inc. is committed to unlocking the potential of renewable and environmentally sustainable biomass resources from hemp and other bast fibers. The company, through its wholly owned subsidiary, Crailar Fiber Technologies Inc., is developing proprietary technologies for production of bast fibers, cellulose pulp, and their resulting by-products, in collaboration with Canada's National Research Council and the Alberta Research Council. Crailar(R) technology offers cost-effective and environmentally sustainable processing and production of natural, bast fibers such as hemp and flax, 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 and adheres to a "triple bottom line" philosophy, respecting the human rights of employees, the environmental impact of the company's operations and fiscal responsibility to its shareholders. See www.naturallyadvanced.com

Neither the TSX Venture Exchange nor any regulatory authority accepts responsibility for the adequacy or accuracy of this news 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-KSB, Form 10-QSB 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.

Source: PR Newswire

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