October 16, 2008
Naturally Advanced Technologies in Trials to Commercialize CRAILAR Technology
PORTLAND, OR, Oct. 16 /PRNewswire-FirstCall/ -- Naturally Advanced Technologies Inc. (NAT, OTCBB: NADVF, TSXV: NAT), a pioneer in commercializing the use of bast fibers including industrial hemp for use in casual apparel, performance yarns, industrial filters and absorbent pulp and paper products, is conducting bulk commercialization trials with a leading U.S. apparel brand, and one of North America's largest pulp and paper producers. The results of these tests are expected to determine the next steps to bring its CRAILAR(R) Organic Fiber and Advanced Materials technology to market and are expected to be announced by the end of November.
"These trials are a significant milestone in our long-term strategy to commercialize the patented CRAILAR Technology Platform, which we developed in partnership with the National Research Council of Canada and the Alberta Research Council. We are very excited to reach the final stages of the trials and look forward to discussing the results and our preliminary plans to apply this technology on a large commercial scale," said Ken Barker, CEO of Naturally Advanced Technologies.CRAILAR technology capitalizes on the superior natural properties of industrial hemp, such as greater tensile strength, thermo regulation properties, anti-microbial, and abrasion resistance. In addition, industrial hemp does not need pesticides and herbicides, thrives in cool climates, is drought tolerant, benefits soil and helps to eliminate greenhouse gases.
NAT transforms hemp into organic fibers that are an effective alternative to organic cotton for use in comfort apparel and into advanced materials for use in performance apparel, advanced composites, bio polymers, industrial filters and absorbent pulp and paper products. NAT's cost-effective, environmentally advantageous solutions are designed to meet the rapidly growing demand for organic fibers and advanced materials as consumers and corporations reduce their environmental footprint and the cost of petroleum-based synthetics continues to rise.
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 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, the Company 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 http://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 http://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.
Naturally Advanced Technologies Inc.
CONTACT: Investor Contact: Kirsten Chapman, Cathy Mattison,Lippert/Heilshorn & Associates, (415) 433-3777, [email protected];Media Contact: Summer Facchini, Black Lab Communications, (503) 830-5983,[email protected]