Naturally Advanced Technologies Announces Participation in Bio-Fibres Symposium
Posted on: Wednesday, 28 November 2007, 09:00 CST
VANCOUVER, Nov. 28 /PRNewswire-FirstCall/ -- Naturally Advanced Technologies Inc. ("NAT" or the "Company") (OTCBB: NADVF), a developer of proprietary technologies for processing and production of environmentally sustainable bast fibers, today announced its participation in the Bio-Fibres Symposium: Binding Innovation to Opportunity, taking place in Edmonton, Alberta, from November 28-29, 2007.
Mr. Jason Finnis, the Company's co-founder and Chief Operating Officer has been invited to present the latest developments in CRAILAR(R) fiber technology, the Company's proprietary biotechnology for processing organic bast fibers such as hemp and flax, two abundant, agriculturally-produced renewable resources. CRAILAR(R) is currently being developed in collaboration with Canada's National Research Council and the Alberta Research Council, and is expected to provide an environmentally sustainable, economically attractive alternative to pesticide intensive and petrochemical-based fibers in a wide range of commercial applications, including textiles and advanced composites.
An initiative of Agriculture and Agri-food Canada, the 2007 Bio-Fibres Symposium is hosted by the Alberta Research Council, and supported by the National Research Council, the Government of Alberta, and the Saskatchewan Flax Development Commission. Commenting on the Symposium, Jason Finnis said, "This is an outstanding opportunity to present CRAILAR(R) fiber technology to a diverse audience of corporations, researchers and governments working toward developing Canada's bio-fibre industry. CRAILAR(R) is intended to establish Canada as a front-runner in the research and development of environmentally sustainable technologies for bast fiber production."
ABOUT Naturally Advanced Technologies, Inc.
Naturally Advanced Technologies Inc. ("NAT" or the "Company") is committed to unlocking the potential of renewable and environmentally sustainable biomass resources from hemp and other bast fibers. NAT, through its wholly owned subsidiary CRAILAR(R) Fiber Technologies Inc., is developing proprietary technology for production of bast fibers, cellulose pulp, and their resulting byproducts, 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 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 is also a provider of sustainable, environmentally friendly fibers and fabrics through its apparel division HTnaturals. Founded in 1998 in response to the growing demand for environmentally friendly, socially responsible clothing, NAT 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.
http://www.naturallyadvanced.com/ Safe Harbor Statement
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Exchange Act of 1934 and the provisions of the Private Securities Litigation Reform Act of 1995 and is subject to safe harbor created by these sections. Actual results may differ materially due to a number of risks, including, but not limited to, technological and operational challenges, needs for additional capital, changes in consumer preferences, risks associated with: market acceptance and technological changes; dependence on manufacturing and material supplies providers; international operations; and competition.
CONTACT: Kenneth C. Barker, Chief Executive Officer, Naturally Advanced Technologies, Inc., Ph. (604) 255-5005, ir@naturallyadvanced.com
Naturally Advanced Technologies Inc.
CONTACT: Kenneth C. Barker, Chief Executive Officer, Naturally AdvancedTechnologies, Inc., Ph. (604) 255-5005, ir@naturallyadvanced.com
Source: PRNewswire-FirstCall
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