Naturally Advanced Technologies and Cintas Corporation Enter Into Development Agreement for CRAiLAR Flax Fiber in the Corporate Identity Uniform Market
PORTLAND, OR and VANCOUVER, BC, June 7, 2011 /PRNewswire/ – Naturally Advanced Technologies Inc. (NAT) (OTCBB: NADVF) (TSXV: NAT) today announced that it has entered
into a short-term CRAiLARÃ‚® Flax fiber development agreement with Cintas Corporation (NASDAQ: CTAS) beginning June 2011 to support evaluation of processing
CRAiLAR flax fiber in corporate identity uniform programs.
“Cintas is the leading uniform brand in the U.S. and we are looking
forward to supporting their manufacturing processes,” said Ken Barker,
CEO of NAT. “This agreement is further validation that NAT promises a
significant impact for global corporations from both a sustainability
and performance standpoint. We look forward to showing Cintas how
CRAiLAR can perform across its product categories.”
Based on previous testing, the companies expect CRAiLAR Flax fiber to
deliver increased durability and longevity to the uniform market due to
the tensile strength of CRAiLAR. In addition, CRAiLAR’s ability to wick
moisture should provide users of Cintas uniforms a more comfortable
uniform to wear in hot summer months.
Since March, NAT has announced a 10-year purchasing agreement with
Hanesbrands, along with development agreements with Georgia-Pacific and
Levi’s. Hanes represented the first commercialization agreement for its
CRAiLAR flax fiber. They anticipate further marketing plans for Hanes
to be announced later this year.
Headquartered in Cincinnati, Ohio, Cintas Corporation provides highly
specialized services to businesses of all types. Cintas designs,
manufactures and implements corporate identity uniform programs, and
provides entrance mats, restroom supplies, promotional products, first
aid and safety products, fire protection services and document
management services to approximately 800,000 businesses. Cintas is a
publicly held company traded over the Nasdaq National Market under the
symbol CTAS, and is a component of the Standard & Poor’s 500 Index.
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, CRAiLARÃ‚®
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.
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Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this
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.